SMART Goals for Balanced Scorecard
Prepared by: [YOUR NAME]
Company: [YOUR COMPANY NAME]
SMART Goals Template
S - Specific | Detail the specific strategic initiative or objective that the executive or department head desires to achieve. Example: Increase customer satisfaction rate across [YOUR DEPARTMENT] by the end of Q2. |
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M - Measurable | Identify how you will measure the success of the strategic initiative. Example: Track the rate of customer satisfaction through surveys and feedback forms. |
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A - Achievable | Outline how the objective is achievable for [YOUR DEPARTMENT]. Confirm resources, budget and strategy in place. Example: By implementing a robust customer feedback system and continuous training for personnel. |
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R - Relevant | Explain why the objective is relevant to the overall business strategy and goals of [YOUR COMPANY NAME]. Example: Satisfied customers tend to be more loyal and can help enhance [YOUR COMPANY NAME]'s reputation. |
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T - Time-bound | Specify the timeframe for achieving the objective. Example: The initiative will be implemented over 6 months, starting from Q1 and will be measured by the end of Q2. |
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Action Plan:
Identify key stakeholders for each objective.
Allocate resources and establish timelines for goal achievement.
Implement regular progress tracking and reporting mechanisms.
Conduct periodic reviews to assess performance and make necessary adjustments.
Accountability:
Executive leadership team: Accountable for overall strategy alignment and resource allocation.
Department heads: Responsible for cascading objectives to respective teams and ensuring alignment with departmental goals.
Project managers: Tasked with overseeing the implementation of action plans and monitoring progress towards SMART goals.
Notes:
SMART goals should be periodically reviewed and adjusted based on changing market dynamics and organizational priorities.
Regular communication and collaboration among stakeholders are essential for goal attainment.
Celebrate achievements and recognize individuals or teams who contribute significantly to goal accomplishment.
Embrace a culture of continuous improvement to sustain long-term success.
Smart Goals Template @ Template.net
