Setting targets is important. Be it monthly, yearly, or whether it overlaps any amount of time frame. But when you set a target, and diligently work on it; you comprehend the before and after scenarios, eventually allowing you to take a look at the path you took.
This is how a target and forming a plan of action holds significance over performance. Be it a sales target, or a task target, you make sure to follow what you decide and what you promise yourself. And then, you are bound to unlock the door to success. So when you conclude on a target, you have a pre-defined goal in your mind, along with a full-fledged plan which you want to follow to achieve that target. You be in line with the strategy and in the end, evaluate the aftermath. The major advantage of setting any kind of targets is that you can track your progress after a particular time duration and in accordance with your performance over that time, you can plan further ahead.
In that event, formulating any kind of targets, striving towards achieving that target, and getting a positive outcome gives a mindful encouragement and an idea on your growth.
We have some solid testaments on working together as a team and achieving targets. You can have a look at them here.