GOAL & OBJ

What does the S stand for in SMART GOALS

• Specific

• Special

• Standard

• Sports

What does T stand for in SMART Goals

• Trophy

• Tired

• Try

• Timely

What does the R stand for in SMART goals

• Real

• Realistic

• Right

• Repetition

I will save up enough money to buy a newphone by my 16th birthday.

• NOT a SMART goal

• SMART goal

What does the M in SMART stand for?

• Maximum - there are no limits for goals

• Memorable - a goal must be easily remembered

• Measurable - have numbers as your target

• Mental - you have to be able to think about the goal.

All are reasons why it is important to set goals EXCEPT...

• they motivate us

• they keep you from being focused

• they give your business direction

• they help you see progress

Mission statement is criticize as too vague/unclear as it only sounds appeal and not specific to guide departmental objectives.

• True

• False

Corporate objectives are goals that ...

• only express in quantitative value

• provide vague guide to management strategy

• could guide further on operational strategy

• comes after setting up corporate aim

Mr Lee aims to earn just enough profit to cover his daily operation expenses. This act concern with which elements of corporate objectives?

• Short term sales revenue

• Profit maximizing

• Profit satisficing

• Market share

Startup companies usually aims to make sure their business could sustain for at least 2 years. This act concern with which elements of corporate objectives?

• Corporate social responsibility (CSR)

• Market share

• Business growth

• Survival