Goal Setting is One of The Essential Function of Business Planning

2011

“Good grief, it is business planning or budgeting time again”

*common refrain among many managers

Good business plans that are properly budgeted are worth the time and trouble.

Goal setting is a process for defining targets one plans to achieve.

A goal is a precise and measurable aim that a company must desire to realise.

well-constructed goals:

Precise and measurable

Address crucial issues

well-constructed goals:

Challenging but realistic

well-constructed goals:

Specify a time period

well-constructed goals:

Some companies are more driven by the satisfaction, profit and wealth creation it brings than others.

Some companies are better at managing capacity, capital constraints and risks than others.

Central goals:

High profitability andSustained profit growth

My name is Ariel Nian GaniContact me in ariel.n.gani@gmail.comView my profile at http://www.linkedin.com/in/arielngani