Very large corporations often have some departments in which each employee and her manager work together to establish a set of goals that serve as the foundation for the employee's work plan. Once mutually agreeable goals have been determined, criteria for assessing work performance are identified, and the plan is implemented. At the end of the performance period, an employee's performance evaluation is based on the extent to which his or her goals have been achieved. This type of planning is called

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This type of planning is called Management by Objectives (MBO), a process where employees and managers collaborate to set and define goals that are used as the basis for evaluating employee performance.

Very Large Corporations Often Have Some Departments in Which Each