SMART targets are a popular tool that individuals and businesses use to create effective and achievable goals. The acronym SMART stands for Specific, Measurable, Achievable, Relevant, and Time-bound. These criteria help to ensure that goals are clear, realistic and achievable within a certain timeframe. In a business context, SMART targets can be applied in various areas such as project management, employee performance management, and strategic planning. For example, a business might set a SMART target to increase sales by 10% over the next quarter.
Follow up to the first part of our Business Strategies and Frameworks compilation, part 2 offers you...
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