Volume 21, No. 2, 2024

Strategic Goal-Setting And Organisational Effectiveness In Selected Trading And Manufacturing Companies

Oloruntoba Fayomi and Humphrey Akanazu (Ph.D.)


This systematic literature review investigates the relationship between strategic goal-setting and organizational effectiveness in selected trading and manufacturing companies. The study emphasizes the importance of aligning strategic goals with an organization's mission, vision, and values, utilizing the Goal Setting Theory (GST) as a foundational framework. Findings highlight the positive impact of strategic goal setting on organizational performance, with a focus on leadership, culture, structure, strategy, and resource allocation. The review underscores the significance of setting SMART goals, incorporating feedback systems, and ensuring adequate resources to mediate the relationship between goal setting and performance. The recommendations suggest that organizations prioritize the development and implementation of clear, SMART strategic goals, foster a purposeful culture, provide regular feedback, and engage in strategic leadership development. Additionally, a comprehensive approach to performance measurement, encompassing both financial and non-financial factors, is advocated for, along with continuous monitoring and evaluation of progress through key performance indicators (KPIs) and feedback systems for long-term success.

Pages: 25-39

Keywords: Strategic Goal setting, Organizational Effectiveness, Goal Setting Theory (GST), Trading and Manufacturing Companies.

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