1G Flashcards
what are the types of goals?
financial, Social, Profit Margin
what does a financial goal include?
Increase sales and profit
what does a social goal include?
staffing, wellbeing and environment
what does the profit margin goal include?
earning more than you spend
what does smart goals stand for?
Specific, Measurable, achievable, relevant, time sensitive
what is a specific goal?
being very exact in the goal set
what is a measurable goal?
being able to measure a goal such as saving $100,000 for future building development
what is an achievable goal?
a goal that get be met. e.g. not setting a goal like wishing to selling space rockets by the end of the year
what is a relevant goal?
a goal that will help the business grow
what is a time specific goal?
setting a goal in a certain time frame