Modes of Formulating Goals

Question 1

Modes of formulating Goals

Answer 1

Doing- Activities considered important
Owning-Possession of something
Changing Oneself-Changing personal standards

Goals should be specific, measurable, achievable, realistic and timely

Question 2

Classification of Goals

Answer 2

Career satisfaction (work & profession)
Family (home)
Social (interpersonal relations outside home)
Hobbies (leisure & recreation)
Personal development (achievement)
Religion
…………..?

Question 3

Significance of Goal Setting

Answer 3

Direct the actions of an entrepreneur in the present and enable the accomplishment of that outcome.

Goals also give you a framework within which to work.

This tends to focus your efforts by helping you rule out actions that won’t contribute to achieving the goals you have set.