Goal setting and strategic planning is a group exercise. This builds teamwork and ownership in the goals at the same time. A strategic plan makes it easier for you to manage the business and achieve your goals at the same time. A good strategic plan includes identifying the resources required to achieve each action item on your plan. This becomes the basis for the financial budget, making the budget a meaningful management tool.
Staff knows the department and organization goals.
Employees are more likely to support the goals, when they help to determine the goals. Employees develop their own action plans, for how they are going to support the goals. Employees have a better chance of being successful when they know the goals.