Achieving Business Goals

Identify the two types of business goals

• Financial Goals & Non-Financial Goals

• Intrinsic Goals & Extrinsic Goals

• Funny Goals & Non-Funny Goals

• SMART Goals & Realistic Goals

Identify one financial goal

• Sustainability

• Social Justice

• Market Share

• Happy Employees

Identify two non-financial goal

• Profitability

• Sustainability

• Social Justice

• Profit Maximization

What does SMART goals stand for

• Sustainable, Minimal, Random, Thinking

• Space, Measurable, Risky, Taught

• Specific, Measurable, Realistic, Timed

• Specific, Minimal, Risky, Thinking

Which of the examples could be pitfalls in business goals

• Setting unrealistic goals

• Setting vague goals

• Setting goals that aren't measurable

• All of the above

Are employees important to delivering business goals

• Yes

• No

How can managers ensure employees are valued in the business and therefore more likely to implement strategies to achieve business goals?

Why do businesses set goals?

• So competition knows the businesses plans

• To make life difficult for employees

• It is required by the Australian Government

• To have a clear expectation of what the business expects to accomplish through a specific time period.