Contact Us

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.

Please fill out the contact form below and we will reply as soon as possible.

  • Course Subjects
  • Our Team
  • Home
  • Business Management & Operations
  • Management, Leadership, & Organizational Behavior

SMART Goals - Explained

What are SMART Goals?

Written by Jason Gordon

Updated at November 9th, 2023

Contact Us

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.

Please fill out the contact form below and we will reply as soon as possible.

  • Marketing, Advertising, Sales & PR
    Principles of Marketing Sales Advertising Public Relations SEO, Social Media, Direct Marketing
  • Accounting, Taxation, and Reporting
    Managerial & Financial Accounting & Reporting Business Taxation
  • 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
    Operations, Project, & Supply Chain Management Strategy, Entrepreneurship, & Innovation Business Ethics & Social Responsibility Global Business, International Law & Relations Business Communications & Negotiation Management, Leadership, & Organizational Behavior
  • Economics, Finance, & Analytics
    Economic Analysis & Monetary Policy Research, Quantitative Analysis, & Decision Science Investments, Trading, and Financial Markets Banking, Lending, and Credit Industry Business Finance, Personal Finance, and Valuation Principles
  • Courses
+ More

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:

  • specific
  • measurable
  • achievable
  • realistic
  • 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.


Wha

smart goals smart goal specific measurable achievable timely time-based realistic

Was this article helpful?

Yes
No

Related Articles

  • Leadership as a Continuum Model - Explained
  • Hofstede's Cultural Dimensions - Explained
  • Theory X and Theory Y of Motivation - Explained
  • Reinforcement Theory



©2011-2023. The Business Professor, LLC.
  • Privacy

  • Questions
  • Course Material

Definition by Author

0
0
Expand