What are goals that are specific, measurable, achievable, results-based, and timely collectively known as?

Enhance your exam readiness for TAMU's MGMT363 by exploring various problem-solving strategies, engaging flashcards, and comprehensive insights. Master the exam with ease!

The correct answer is that goals that are specific, measurable, achievable, results-based, and timely are collectively known as SMART goals. This terminology is widely used in goal-setting models because it provides a clear framework for establishing objectives that enhance the likelihood of success.

SMART goals outline criteria that help individuals and organizations clarify what they want to achieve. Each component of the acronym serves a specific purpose:

  • Specific: Goals must be clear and specific to effectively direct attention and efforts.
  • Measurable: There should be criteria for measuring progress toward the attainment of each goal, allowing for tracking improvement and accountability.
  • Achievable: Goals should be realistic and attainable, setting a challenging threshold while remaining within reach.
  • Results-based: Goals should focus on the outcomes that are expected, steering efforts toward meaningful accomplishments.
  • Timely: Goals must have a defined timeframe for completion, which helps build motivation and urgency.

By adhering to this framework, individuals and organizations can create goals that foster better planning, execution, and evaluation.

The other options do not encapsulate the full meaning of these criteria collectively as effectively as the term SMART goals does. While effective goals might seem appealing, they lack the specificity of the SMART criteria. Ambitious targets and focused objectives can describe goals in

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