How can SMART goals help in improving business strategies?

Relevance in setting SMART goals refers to ensuring that the goals are aligned with other relevant goals and fits with the plans in place to meet the overall business or personal objectives. It's about focusing on something that makes sense with the broader business goals. For example, if the goal is to improve business profitability, then a relevant goal could be to eliminate unprofitable activities or implement new technologies that improve efficiency and reduce costs.

SMART goals can help in decision making by providing a clear and concrete path for sustained growth. They allow you to evaluate your career or venture from various angles, reflect on past results, and identify areas for improvement. By setting SMART goals, you can eliminate unprofitable or useless tasks, implement new advances and technologies, and overcome challenges that were previously deemed unattainable.

There are several ways to track progress in SMART goals. One way is to use a goal tracking tool or software that allows you to input your goals and track your progress towards them. Another way is to regularly review your goals and assess your progress. This could be done weekly, monthly, or quarterly depending on the nature of the goal. It's also important to measure your progress using the specific, measurable aspect of the SMART goal. For example, if your goal is to increase sales by 10% in the next quarter, you would measure your current sales and compare them to your sales at the end of the quarter.