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How are performance targets used in a business plan?
Your performance measures and targets must be relevant to the goals set in your business plan. There is little point measuring the performance of something that is not aligned to your overall objectives. Your KPIs need to be time-based, that is you will achieve the outcome within a defined period, open-ended goals don’t work.
Is it OK to stretch your performance targets?
It’s ok to set ‘stretch’ targets but it is pointless setting targets that cannot be achieved, this is demoralising. Goals and targets need to be ‘agreed’ by the team so that expectations are clear. Your performance measures and targets must be relevant to the goals set in your business plan.
Is it good to set goals for your business?
Measuring your progress keeps you on track towards the goals that you have established within your business plan. It’s ok to set ‘stretch’ targets but it is pointless setting targets that cannot be achieved, this is demoralising. Goals and targets need to be ‘agreed’ by the team so that expectations are clear.
Which is an example of a performance goal?
44 Examples of Performance Goals. 1 Productivity. Productivity is the amount of work you produce in an hour, week, month or year. Deliver 5 designs to clients each month. 2 Efficiency. 3 Revenue. 4 Cost Reduction. 5 Customer Satisfaction. More items
Last Update: Oct 2021
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