Locke and Latham already answered this in 1990: goal-setting in management IS feedback control — they explicitly borrowed the model from cybernetics, down to the thermostat analogy.
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Locke and Latham described goal-setting as a feedback control loop: the goal is the reference signal, conscious judgment is the comparator, and action is the effector that reduces the discrepancy between goal and performance. — Locke & Latham
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