What is SMART?
Goals should be as SMART as possible. SMART goals are important for organizations because they provide a clear framework for setting and achieving objectives. Using SMART goals helps organizations to work more focused, improve efficiency, and increase the likelihood of successful outcomes.
Within the ICR approach, we define SMART as follows:
- Specific: is the objective clear and unambiguous?
- Measurable: under what (measurable/observable) conditions is the goal achieved?
- Acceptable: is the objective acceptable to the target audience and/or management, i.e., does it contribute to the success of the company?
- Realistic: is the goal achievable, so that it is believable?
- Time-bound: when should the goal be achieved?
Specific helps in defining clear and concrete objectives, which prevents confusion and increases focus.
And by setting measurable goals, organizations can evaluate their progress and assess whether they are truly achieving their objectives.
Making goals acceptable ensures they are more achievable and increases the likelihood of engagement and commitment from all involved.
Setting realistic goals ensures they are attainable within the available resources and time, preventing disappointment and demotivation.
Establishing time-bound goals with a clear timeline helps in planning actions and managing resources more efficiently, increasing the likelihood of achieving goals on time.
SMART goals help organizations plan more effectively, use their resources more efficiently, and improve their performance by providing a clear and measurable path to success.
Once goals have been made SMART, it is also important to follow up on them. This involves determining the actual performance. Ensure that for the main success factors, measurements are recorded regarding the actual performance.
Provide reliable periodic reports that you compare with the expectations you had at the beginning of the period. Depending on the outcomes, you can adjust as needed to ensure you remain on track to achieve the set goals.
Sustainable success through manageable and controlled growth
The ICR online business software helps entrepreneurs and organizations find balance and peace, through manageable and controlled growth, with the goal of a healthy organization and sustainable success. We do this through the all-encompassing ICR cycle.
Choose our successful approach and start your process to go from ambition to result with the ICR Ambition Refresher!
The comprehensive ICR cycle