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It is necessary for organizations to establish and periodically review their objectives because things change. Organizations that do not acknowledge or monitor the changes that are happening in their field are likely to become irrelevant. For example, if a commercial fishing company wasn't aware that the fish population they usually fish was dwindling in the places where they usually fish, they would miss the opportunity to change to a new place or a new fish and would eventually go bankrupt. Their competitors who were monitoring the change and adjusting their business accordingly would continue to survive.

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Q: Why is is necessary for organisation to establish and periodically review their objective?
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Role of organisation mission goals and objective in strategic control?

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Why business manager might set as growth as a business objective?

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Within organisations and human activities that require cohesion and interaction every one must have a role and responsibilities, in order to accomplish the desired task/objective. Management comprises of the defining, planning, monitoring, controlling and delivery of all the activities that are necessary to accomplish the objective.

Related questions

How often should communication channels be reviewed and why is a review process necessary?

to improve a good communication and attempt the objective of the organisation and keep the credibility of the organisation


Role of organisation mission goals and objective in strategic control?

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What are the aims and objective of computer networking?

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How do you use objective in a sentence?

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establish a government and respect for the office of the presidency.