SMART is an acronym for:
- Specific – they are clearly understood by everyone in the team
- Measurable – you can always get a clear idea of how well you’re doing
- Achievable – when planning, there’s no point in deciding to fulfill all dreams in a year. Make sure you think what you really could do.
- Relevant – the goals you set must be important for your company. The goal shouldn’t be “Let’s hire 20 people” but “Let’s increase the revenue enough in order to hire 20 people.”
- Time-bound – they have a specific due date for completion to resist the urge to say “okey, we’ll do it next year.”
SMART methodology is often used when setting Objectives as it makes sure your objectives are well thought out and focused enough.