Link Technologies - LinkSOFT Documentation Link Technologies - LinkSOFT Documentation [473] | Human Resource Management | Performance Management
Business objectives are the stated, measurable targets of how to achieve business aims. For instance, we want to achieve sales of 50 thousand in each month.
The most effective business objectives meet the following criteria:
S – Specific – objectives are aimed at what the business does, e.g. a hotel might have an objective of filling 60% of its beds a night during October, an objective specific to that business.
M - Measurable – the business can put a value to the objective, e.g. FJD100,000 in sales in the next half year of trading.
A - Agreed by all those concerned in trying to achieve the objective.
R - Realistic – the objective should be challenging, but it should also be able to be achieved by the resources available.
T- Time specific – they have a time limit of when the objective should be achieved, e.g. by the end of the year.
Business Objectives contain the following types of information:
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Description |
| Code | Set of alphanumeric values to uniquely identify each Business Objectives . |
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Description |
Detailed description for the Business Objectives Code. |