Question

In: Economics

Goals are socially constructed, which means they are define by an individual or a group. Certain...

Goals are socially constructed, which means they are define by an individual or a group. Certain factors characterize effective goals.
a. Please mention and explain the characteristics of effective goals
b. Please provide example for each characteristics of effective goal

Solutions

Expert Solution

a) Characteristics of effective goal

  • Specific and well defined - is the main base of of any goal. If a particular person knows where to start and does not know where to end then it would not be considered as a goal. Staying specific and will define helps the business to move forward.
  • Measurable in nature - it means a goal should have a score board where the progress of everyday can be seen. The score board will help to know that how much goal has been achieved and how much is left.
  • Achievable or realistic - what is a goal is selected should be selected in such a way that it can be performed by every individual without any hesitation. Setting up up the goal to high may lead to failure and it may lead to demoralization of the employees.
  • Relevant to the job - the goal that is set up should be relevant to the the given job description. Whether or not if a person is setting up goals for the company, employee it should keep in mind the companies mission and vision.
  • Timed for success - a goal should be achieved within a specified time. Therefore a time should be set up for completion of the goal. If the deadline is not given then it is impossible to achieve the goal.

b) Examples :-

  • Specific and well defined goal - Hiring a personal assistant to look after the sale's unit of the company
  • Measurable in nature - Goal is to make 100 cold calls in 8 hrs a tally sheet will easily help in measuring the number of calls made in 8hrs.
  • Achievable or realistic - The monthly sales target is too sell atleast 10 products in a week, but if it is increased to 20 then it would be to high.
  • Relevant to the job - A sales representative will have a goal to achieve his or her monthly target and a customer service executive will have a goal to help the customer and resolve the problem.
  • Timed for success - A sales representative needs to achieve sales of Rs 40000/- a month, then he or she needs to make sure to atleast Rs 10000/- a week or in a day the target should be Rs 1000/- or more. Then only by the end of the month the sales which be achieved.

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