Objectives: Objective are the end point which are numerically expressed, that the management seeks to achieve within a given time period. These are set by top management and focus on broad general issues. They serve as a guide for overall business planning.
Example: increase sale by 10%, by the end of July 2017.
Procedures: It consist of sequence of routine stress performed in a chronological order to carry out activities within a broad policy framework. It details the exact manner in which any work is to be performed.
For example- selection procedures of employee.