Using your knowledge of SMART goals, select the best goal. A. Our division will make money this year.
B. Our division will become profitable soon.
C. Our division will be successful by the end of 2013.
D. Our division will increase profits by 10% by the end of 2013.
The following table contains the steps used in creating a workable plan. Identify the order in which the steps are usually taken.
Planning Step Order
Develop commitment to goals
Track progress toward goal achievement
Develop an effective action plan
Set goals Maintain flexibility
Which of the following methods can be used to track goal progress?
A. Setting proximal and distal goals.
B. Maintaining slack resources.
C. Using options-based planning.
D. Providing performance feedback.

SMART Goals

1. Best Goal:

D. Our division will increase profits by 10% by the end of 2013.

2. Planning Step Order:

Set goals

Develop an effective action plan

Develop commitment to goals

Track progress toward goal achievement

Maintain flexibility

3. Method for tracking goal progress:

D. Providing performance feedback.

Explanation:

A goal is described as SMART when it is specific, measurable, attainable, relevant, and time-based.  A goal to achieve a 10% increase in profits by the end of 2013 meets these five criteria.

In developing goals, it is imperative to follow known steps so that success can be attained with all the business efforts.

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answer; normative economics;