What is target setting?

Target setting is objective setting. Most of the ordinary people would say businesses' main aim is to make profit. True enough, but this may not be the case; profit is not the main priority for all business organizations. However, if a business doesn't have clear objectives it's more likely to fail - at some point. Nowadays many companies have a mission statement to ensure they have an overall vision for the company, and they work hard to achieve their targets.