What is traditional goal setting?

To be able to learn the latest goal setting techniques efficiently one must know the traditional techniques and their advantages and disadvantages for comparison purposes. Please help me in this regard.
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The goal definition at the top level and then sub goals based on these are assigned to each level in organization.
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Traditional goal setting is defined as the process whereby goals are set at the top of the organization and then broken down into sub goals for each level in an organization.
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