Answer to Question #303255 in Marketing for Hutchii

Question

The acronym ''SMART'' stands for what? Explain each word that best describes the proposed business plan.

Answer 1

The SMART in SMART goals stands for Specific, Measurable, Achievable, Relevant, and Time-Bound.

 Specific- In order for a goal to be effective, it needs to be specific.  If your goal is too vague, it won’t be SMART.A specific goal answers questions like: What needs to be accomplished?, Who’s responsible for it?, and What steps need to be taken to achieve it?

Measurable- Specificity is a solid start, but quantifying your goals that is, making sure they’re measurable makes it easier to track progress and know when you’ve reached the finish line.

 Achievable- This is the point in the process when you give yourself a serious reality check. Goals should be realistic not pedestals from which you inevitably tumble.

Relevant- The goal you pick should be pertinent to your chosen field, or should benefit you directly.

Time-Bound- Finally, setting a timeframe for your goal helps quantify it further, and helps keep your focus on track.