Evidence Based Business Report – Goal Setting, Goal Achievement Plan & Success Criteria
EXECUTIVE SUMMARY
This report is discussing how to set goals and how to achieve these goals by planning and also by using a timetable for it, the method that been used is SMART goals setting method which is the goal has to be Specific, measureable, achievable, relevant and time bounded, it is also discuss the ‘three step to success’ method which explain the steps that any student can do to achieve a successful performance in a certain task. This report also contains three MBA related goals which applicable to those two methods that we mentioned, and in addition to these goals we provided a timetable and a three success criteria to achieve
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d. Relevant or Realistic:
The goals we choose have to be realistic and relevant to our other desired goals and aims, the relevant goals always drive the person forward.
e. Time bound:
Last one is the time limit for our goals, it is really important for goals to be controlled by a deadline in order to avoid getting distracted, also to prevent it from our day to day crisis, that’s why it is always better to do like a timetable for our goals. * My three goals are applicable for these four aspects of S.M.A.R.T goals method, for more details please see the appendix.
IV. The three steps to success:
Day and Tosey (2011, p. 529-530) claimed that there is a method calls the ‘three step for success’ framework.
Figure 1: ‘the three steps of success’, Day and Tosey (2011, p. 529)
As we can see in figure 1, there are three steps for success: 1. Know what you want:
As in set your goal or your next step in a certain task. 2. Be aware of internal and external feedback:
Which means you have to actively reflect and take in consideration any feedback you get from your lecturer or the external feedback which can be from your colleagues.
3. Be flexible in through and action to achieve your outcome:
Which means that the ability of accepting any mistake and go back to fix it at any time during the process of performance
Set goals and objectives – this is generally what is hoped to be achieved in the long term by setting out short term and specific achievements to contribute to that goal
One of the four principles is that goals must be specific and not vague because one can easily get tangled the objective. Second, goals need to be committed and have a sense of ownership to an individual because they are more likely to attain the goal. Third, feedback needs to be given by employer or organization on how an employee is doing. Finally goals need to be difficult because it will result in better performance and the person will work harder to achieve it (Spector, 2008).
The goals the business wishes to achieve are not far from reach, the business has been around for a long time and is now at its maturity stage hence it has the required finances to pursue its goals
Describe goals and objectives as they apply to business. pg 181-182; wk 6 lecture, pg 1
Everyone has aspirations, some tend to be more steadfast, others last only a short amount of time. A goal is something we aim for, something that we try our best to keep a firm grip on.
Goals must be stated in measurable terms, i.e., how can you tell you have accomplished that goal? Identify dates for accomplishing each goal.
There is three phase to goal-setting strategies (planning, implementation, and evaluation). The goal-setting program will be useful if the process is thoroughly carried out. For example, identifying the action and measuring the progress of each goal. The implementation portion will be to monitor the progress of each goal. The goals will change with time as an individual digest the goal itself. Lastly, receiving feedback from others, such as friends, colleagues, and family help improves the target strategy. Goal-setting creates a focus of attention and action by identifying what an individual vision of his or her life (Rohn, 2015).
A goal setting is best practice framework for setting goals. A SMART goal should be specific, measurable, achievable, realistic and time-bound.
The business has to establish specific and achievable goals because otherwise the risk management team and the individuals in it will have no direction, nothing to aim for. Goals provide a focus and purpose for action.
For goals to be effective, they need to be SMART. In other words, they need to be: specific,
Setting goals gives your life direction, and helps your motivation and self-confidence. Goals are very important to me because they keep me on track and they help keep me organized. I have three sets of goals from short, medium, and long term.
Write at least one goal in each time category. Write the goal in measurable terms, and list them in order of those that are most important to you to those that are least important.
A successful person chooses goals to achieve something that is of great value and importance to them. This in turn motivates the person to achieve the goal because when the desired outcome is very important to a person, that person will be determined to persevere. Goal setting also improves a person 's organizational and time management skills because goal setting requires prioritization and that leads to the successful and sequential completion of necessary tasks. Once a person defines and prioritizes goals a plan should be drawn out detailing how this goal will be achieved. Goals and the time-line for their completion should be clearly defined, it is also important that a person 's
A person needs to achieve certain goals in one's life before you can call them successful. Success is to achieve goals, you have set. I have set certain goals I would like to achieve in my lifetime. Some of these goals are personal while others are professional. My professional goals in life are to find a good job that makes me happy, get a good education, find a job that makes enough money for me to support my family, and help people. Goals it is very important for me to receive a good education. Most job fields require a descent education. If I don't have an education I would not be able to function properly at the work place and I would not understand what to do. To maintain a good job that will make good money will require me to go
As it was described somewhere in this unit, SMART goals are good tools to be used in the realization or achieving our plans SMART stands for: Specific, Measurable, Attainable, Realistic and Time-bounded. A smart goal will evidently decrease negative emotions such as irritation, upset or disappointment but instead will