Question

define goal- setting theory and management and implement this theory into a real estate business

Answer 1

Goal setting theory explains the importance of having a goal in the success of a person or an organization. When the goal is tough and complicated, it means that the person or organization would be more motivated to achieve that goal and hence can increase their productivity and efficiency . The choice made by the individual would be improvised by having accurate and complex goals. The efforts put in gets intensified and people start working with persistence to achieve those goals and would change themselves and do whatever it gets to achieve the goal.

Goals are to be created in such a way that they provide a path for people to acheive them . Various methods are used for goal setting depending on the need . Proper goal setting and having complex goals helps in achieving greater heights and this gives a person success. When it comes to real estate business, they always need to be competitive. They need to come up with new ideas and innovations and only then they can sustain in the competitive market conditions. This comes from setting higher goals and working hard to achieve them . Goal setting theory makes them evaluate their requirements and set higher goals so that they can achieve what others did not and this gives them the competitive advantage.