Ans) SMART is an acronym for the 5 elements of specific, measurable, achievable, relevant, and time-based goals. It’s a simple tool used by businesses to go beyond the realm of fuzzy goal-setting into an actionable plan for results.
Specific:
Great goals are well-defined and focused. “Obtain two new billion
dollar corporate clients in the Boston property insurance market”
is more meaningful to mobilize your team than “Get more business.”
Ryan Blair, The Goals Guy eloquently states,"Focus creates a
powerful force: goal power. The moment you focus on a goal, your
goal becomes a magnet, pulling you and your resources toward it.
The more focused your energies, the more power you generate."
Measurable:
A goal without a measurable outcome is like a sports competition
without a scoreboard or scorekeeper. Numbers are an essential part
of business. Put concrete numbers in your goals to know if you’re
on track. A goal white board posted in your office can help as a
daily reminder to keep yourself and your employee focused on the
targeted results you want to attain.
Attainable:
Far too often, small businesses can set goals beyond reach. No one
has ever built a billion dollar business overnight. Venture
capitalists and angel investors discard countless business plans of
companies with outlandish goals. Dream big and aim for the stars
but keep one foot firmly based in reality. Check with your industry
association to get a handle on realistic growth in your industry to
set SMART goals.
Relevant:
Achievable business goals are based on the current conditions and
realities of the business climate. You may desire to have your best
year in business or increase revenue by 50%, but if a recession is
looming and three new competitors opened in your market, then your
goals aren’t relevant to the realities of the market.
Time-Based:
Business goals and objectives just don’t get done when there's no
time frame tied to the goal-setting process. Whether your business
goal is to increase revenue by 20% or find 5 new clients, choose a
time-frame to accomplish your goal.
Once your business goals are SMART, break down each goal into a specific set of tasks and activities to accomplish your goals. It’s important to periodically review your goals and make adjustments if necessary. Goal setting for your small business is an essential tool for success. Remember in the end to be SMART.
Create 5 SMART goals for yourself. Explain why you chose those 5 goals.
Using the SMART goal method please create 3 health and fitness goals for yourself. ( no hand writing please try to type it on the computer)
restate 5 poorly worded goals as smart goals Question Completion Status: Guidelines for writing SMART goals: Specific Measurable Attainable Goals should be stated in specific rather than vague terms Whenever possible, goals should be measurable, or quantifiable. Goals should be challenging but realistic and attainable Only a few goals should be chosen; they should be results oriented; and they should support the organization's vision. Goals should specify the target dates or deadline dates for when they are to be attained...
Product Innovation on walmart Explanation of Product Innovation Positioning of walmart Explain why you chose the positioning you did for this strategic dimension (1 paragraph). SMART Objective for Strategic Positioning Wal-mart State a SMART objective the organization should pursue to achieve or maintain the position you recommend on this dimension.
Create a list of desirable goals for discipline. Compare your list with those of others. Select the three characteristics you would most want to encourage through child guidance. Explain your choices and compare them with a friend’s.
If you were charged with creating a balanced scorecard for Steve Ellis, what SMART goals (see Chapter 5). Would you use as standards to assess performance in the four categories in your scorecard? Develop one SMART goal for each scorecard category. used by Chipotle? Discuss. SicK 3. If you were charged with creating a balanced scorecard for Steve Ellis, what SMART goals (see Chapter 5), would you use as standards to assess performance in the four categories in your scorecard?...
1. What is your purpose for living? 2. Are you living the life that you truly desire? Explain. 3. Use the SMART goal setting system in the chapter and apply it to your life. Create three goals for your life. Create one goal for each of the following time periods; short-term (1 to 3 months), medium-term (6 months to 1 year), and long-term (over 1 year.) Make sure to use the SMART system for each goal.
please explain why chose those answer for the 3 questions. 5. The number of complexions (2) of preparing a system and its entropy (S) are related through the Boltzmann constant (k) as a. S = k in 2 b. S = k In 1/92 C. S = In 2 d. S = -k In 12 e. none of these m! 8. The entropy of N particles distributed into m boxes is a. S = min m! N!(m-N)! b. S =...
Explain why you chose your initiative on nutrition and college students.
• Instructions • Introduce yourself by writing an essay establishing your goals in business communication: Explain your reasons for choosing your programa Accounting) • Describe the outcomes you hope to achieve in this course • Identify your strengths and weaknesses as a writer Imagine what role communication will play in your chosen profession
Creating an Economic Problem by yourself,and answer these four question a)why you create this problem? b) what are some of the concepts or ideas that you want to try to convey or teach with this problem? c) which details or facts of the example are relevant and why?