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Six Tips for Setting Business Goals

By University Alliance
Six Tips for Setting Business Goals

Setting business goals within an organization is common practice, shared globally by all businesses. Executives set business goals that help increase motivation and determination, as well as those that offer critical learning strategies for training purposes.

However, unless you have specific goal-setting knowledge and leadership training geared towards the business environment, you might set vague goals that are without boundaries. Whether you are just starting to evaluate your goals or if you are in the re-evaluation process, follow these six steps for successful goal setting:

  1. Define Quantifiable Goals
    The first step in setting business goals is determining exactly what you want to accomplish. Make sure your goal is worth your effort. Think about how you would design goals if you were certain that they would be successful. Conversely, what would your strategy be if this was your last opportunity? It’s important to set clear goals; you should know exactly where you want to go and you should not waiver from your target regardless of failures along the way. Be as specific as possible, so you are able to determine when you’ve reached your goal.
  2. Make your Goals Specific
    Once again, make sure your business goals aren’t too vague. It’s critical to use a goal setting formula that gives your goal a built-in action plan. Define your end goal and create a road map for exactly how you’re going to reach your goal. Be specific with what you want to accomplish at each check point. You'll achieve a great deal more than you would without these guidelines.
  3. Commit to your Goals
    Make a commitment and stick with it. Once you’ve set your plan in motion, stay motivated to see your goals through to the end. Don’t procrastinate or second-guess your decisions, as this will only delay the process. Don’t forget to enjoy the process and reward yourself for staying focused.
  4. Make your Goals Public
    An extremely effective technique for achieving business goals is making them public. Invite a team or even a single person into your plan; you’ll face accountability which can be very motivating. Once you share your goals with someone, you can determine what sort of involvement they will have with your plan. Will you ask them to check in with you every so often or not? What their role entails is up to you.
  5. Set a Deadline
    If you don’t set a deadline, your goal will fail. Goals without deadlines indicate that you are not fully committed. Determining a deadline puts your goal into context. Pick a reasonable date that isn’t too aggressive, but also not too far away.
  6. Reward Yourself
    In the goal-setting process, there’s one very important thing to remember: you. Once you’ve accomplished a goal or reached a milestone within your goal, make sure to mark the occasion. You’ve invested an incredible amount of time, energy and determination to reach your goal, so make sure you take a moment to celebrate your success.

With these tips and proper executive leadership training, you’ll have the key tools and techniques needed to achieve any goal you set out to achieve!

Obtain Goal-Setting and Business Management Training – 100% Online!

If you’re seeking high-quality goal-setting and management training from a proven leader, consider the Executive Certificate in Leadership and Management program from the University of Notre Dame. Offered 100% online by Notre Dame’s acclaimed Mendoza College of Business, the executive certificate program is delivered via a flexible, video-based e-learning platform that allows you to complete your courses anytime and anywhere.

Through Notre Dame’s Executive Certificate in Leadership and Management program, you’ll learn how to define and set achievable goals, assess the needs and motivation of employees at all levels, enhance your skills in both giving and receiving feedback, and learn how to coach effectively and resolve conflict. Upon completion of each course and the entire executive certificate program, you’ll receive a framed certificate of achievement from world-renowned Notre Dame, which is regionally accredited and consistently ranked a Best National University by U.S. News & World Report.

With the advanced skills and powerful credentials you’ll gain through Notre Dame’s Executive Certificate in Leadership and Management, you’ll be able to successfully implement effective goal-setting techniques and demonstrate you have what it takes to excel in an executive management role.

See Frequently Asked Questions for online requirements, accreditation, class schedule and more.


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Category: Business Administration