MANAGEMENT

BUISENESS MANAGEMENT

MARKET RESEARCH

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The “Hotel zur Post” wants to increase profits by 10%.This goal is not SMART because ____
A
____ the S of the SMART formula is not fulfilled.
B
____ the M of the SMART formula is not fulfilled.
C
____ the T of the SMART formula is not fulfilled.
D
None of the above
Explanation: 

Detailed explanation-1: -A smart goal should be the following: Specific, measurable, attainable, relevant and time-based. This helps you identify what the exact goals are, at what time these should be reached and identify specific actions to move towards those goals. Both goals and objectives should be smart.

Detailed explanation-2: -What are SMART goals? The SMART in SMART goals stands for Specific, Measurable, Achievable, Relevant, and Time-Bound. Defining these parameters as they pertain to your goal helps ensure that your objectives are attainable within a certain time frame.

Detailed explanation-3: -These types of goals will help you set clear expectations for your staff, determine the metrics of success, increase team morale, and set even better goals in the future. As a reminder, SMART is an acronym that stands for Specific, Measurable, Attainable, Relevant, and Timely.

There is 1 question to complete.