What are SMART objectives?

All businesses need to set objectives for themselves or for the products or services they are launching. What does your company, product or service hope to achieve? Setting objectives are important., it focuses the company on specific aims over a period of time and can motivate staff to meet the objectives set. A simple acronym used to set objectives is called SMART objectives. SMART stands for: 1. Specific - Objectives should specify what they want to achieve.
2. Measurable - You should be able to measure whether you are meeting the objectives or not.
3. Achievable - Are the objectives you set, achievable and attainable?
4. Realistic - Can you realistically achieve the objectives with the resources you have?
5. Time - When do you want to achieve the set objectives?
A SMART objective means that objectives should be specific, Measurable, Attainable, Realistic and Time Bound. This is a classic Mnemonic in order to formulate an effective set of objectives.