For me, the phrase that leapt off the page here was "piece of paper." Sure, one could track all these objectives on paper, but I think it makes more sense to post this information on blogs or wikis, where the objectives would be visible to all and where tagging could be used to tie individual objectives to larger departmental or organizational objectives.
The Haggler: When 24 Hours Is 23:59 Too Long
Fair Game: Employees, Too, Want a Say on the