Business Goals with Quantified Targets
In todayÃƒÆ’Ã‚Â¢ÃƒÂ¢Ã¢â‚¬Å¡Ã‚Â¬ÃƒÂ¢Ã¢â‚¬Å¾Ã‚Â¢s competitive scenario and the dire need for effective execution within a defined time-frame, the criticality of quantifiability cannot be underscored enough. In other words, it is crucial that the defined goals are mathematically measurable as far as possible. Attaching numbers to define the goals can do wonders to the execution at the ground level.
Having business goals with quantified targets means that the goals or the objectives are mathematically measurable with a specified quantity designated as the achievement threshold. What is quantified gets measured easily. Execution is smoother if the goals are measurable. ItÃƒÆ’Ã‚Â¢ÃƒÂ¢Ã¢â‚¬Å¡Ã‚Â¬ÃƒÂ¢Ã¢â‚¬Å¾Ã‚Â¢s easier to create yardsticks and a performance schedule with interim milestones if the targets or goals are quantified. The process of business planning becomes easier if quantifiable goals are involved. It is easy to get a clear agreement with the employee of what exactly s/he needs to achieve and also when will it be ascertained that he/she has indeed achieved it, if the targets or goals can be mathematically measured.