A Survey of Goal Setting Processes in Large and Medium Sized Companies
Researcher Prof. Dr. Dirk Sliwka, Dr. Alwine Mohnen
Project Description So far only a few empirical studies on management by objectives and target setting exist from a personnel economics perspective. Therefore a broad questionnaire study should be conducted on this issue.
First of all, descriptive evidence on current goal setting processes in companies and the performance indicators used to evaluate employees is collected. Building on this, we want to analyze the economic value contribution of different systems. To analyze the influence of firm size and of the legal form we survey large-scale and medium-sized enterprises.
Questionnaires will be sent out to supervisors and their staff members to explore different points of view on the process of negotiation, goal communication and goal commitment. Indicators of economic performance of the companies or business units should be used to validate the value contribution of different systems. In addition, semistructured interviews will be conducted to get a better understanding of the process.
Funding The Centre for Empirical Economic and Social Research is helping in data collection and analysis.