What is an example of a SMART goal in business?

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29-11-2022
Business

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What is an example of a SMART goal in business?

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Tutorconsortium218 Tutorconsortium218 · Answer 1 · 2022-12-01T19:07:51+01:00

Paying off the business's debt may be one example of a SMART goal. Doing so would free up more funds for initiatives like employee pay raises and other endeavors. Specific: Repay $10,000. Measurable: By keeping an eye on our cash flow as we go and tracking our performance month to month, we can monitor our progress.

What does a SMART goal statement look like?

An example of a SMART goal statement would be: Our goal is to [quantifiable target] by [timeframe or deadline]. [Key players or teams] will succeed in this goal by [what actions you'll take to achieve the goal]. The accomplishment of this goal will [have a consequence or benefit].

What exactly is a SMART goal?

A SMART goal ought to be time-bound, specific, measurable, achievable, and realistic.

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