SMART Goals - Explained
What are SMART Goals?
If you still have questions or prefer to get help directly from an agent, please submit a request.
We’ll get back to you as soon as possible.
- Marketing, Advertising, Sales & PR
- Accounting, Taxation, and Reporting
- Professionalism & Career Development
Law, Transactions, & Risk Management
Government, Legal System, Administrative Law, & Constitutional Law Legal Disputes - Civil & Criminal Law Agency Law HR, Employment, Labor, & Discrimination Business Entities, Corporate Governance & Ownership Business Transactions, Antitrust, & Securities Law Real Estate, Personal, & Intellectual Property Commercial Law: Contract, Payments, Security Interests, & Bankruptcy Consumer Protection Insurance & Risk Management Immigration Law Environmental Protection Law Inheritance, Estates, and Trusts
- Business Management & Operations
- Economics, Finance, & Analytics
What are SMART Goals and Objectives?
SMART is an acronym representing the elements of a framework used to develop goals and objectives. SMART stands for:
- timely or timebased
What is a Specific Goal?
Goals should be specific in what is sought to be accomplished and who is responsible for the goal.
What is a Measurable Goal?
Managers must be able to accurately determine progress toward completion and accomplishment of the goal.
What is an Achievable Goal?
Making goals achievable is an important aspect of motivating employees toward completion.
What is a Relevant Goal?
The individual goals and objectives must be relevant to the achievement of higher-level goals and objectives.
What is a Time-based Goal?
You must provide a timeline for the completion of goals as a method of organization and source of motivation.
Back to: BUSINESS MANAGEMENT
Additional Tips on SMART Goals
Here are some additional tips for effective goals include:
- Fewer goals allow for a focus on whats important.
- Goals should measurably be linked to factors for company success.
- Goals should link past goals with present and future goals.
- Goals should be stakeholder focused - including owners, employees, the community, buyers, and suppliers.
- Goals should generate from or have buy-in from the top.
- Multiple objectives should be assessed collectively.
- Goals must be flexible and capable of change with the environment.
- Objectives must be realistic and based upon research and factual information.