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Explain in Detail Smart Goals. - Entrepreneurship

Answer in Brief
Short Note

Explain in detail SMART goals?

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Solution

SMART is made from following words:

  1. Specific: Great goals are well- defined and focused.
  2. The moment we focus on a goal, our goal becomes a magnet, pulling us and our resources towards. “The more focused are our energies, the more power we generate.”
  3. Measurable: A goal without a measurable outcome is like a sports competition without a scoreboard or scorekeeper. To know whether we are on track, we have to put concrete numbers in our goals.
  4. Attainable: It means dream big and aim for the stars but keep one foot firmly based in reality. Entrepreneur must get a handle on realistic growth in the industry to set smart goals.
  5. Relevant: Achievable business goals are based on the current conditions and realities of the business climate.
  6. Time-Based: Business goals and objectives just don’t get done when there’s no time frame tied to the goal-setting process.
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APPEARS IN

CBSE Class 12 Entrepreneurship Textbook
Chapter 3 Enterprise Marketing
Short Answers (exceed 75 words) | Q 1 | Page 138
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