Briefly describe the advantages and disadvantages of target management.

Advantages of management by objectives: participation in management, clear division of labor, self-management, clear goals, performance feedback and performance improvement.

Disadvantages of target management: it is difficult to set goals, the cost of target implementation increases, and the effect of target management is not good.

Management by objectives is a widely used technology in enterprises, and the basic core of management by objectives is to formulate specific, feasible and objectively measurable goals through the participation of groups.