Question

Briefly explain how to set business goals.​

Answer 1

To set business goals, use the SMART goal framework: Specific, Measurable, Achievable, Relevant, and Time-bound.

Step-by-step explanation:

When setting business goals, it's important to follow the SMART goal framework. SMART stands for Specific, Measurable, Achievable, Relevant, and Time-bound. Here's how to set business goals:

1. Specific: Clearly define what you want to achieve. For example, increasing sales by 10%.
2. Measurable: Establish metrics to track progress. For example, track monthly sales revenue.
3. Achievable: Ensure that the goals are realistic and attainable. Consider available resources and limitations.
4. Relevant: Align the goals with your overall business objectives.
5. Time-bound: Set a deadline for achieving the goals. For example, increase sales by 10% within six months.