Analysis of SMART Goals for Business Management and Time Optimization

This report focuses on the application of SMART goals in business management. It emphasizes the significance of effective time management in achieving desired business objectives and career growth. The main body of the report outlines a personal SMART objective designed to enhance time management and problem-solving skills within a six-month timeframe, aiming to resolve business-related conflicts and improve overall efficiency. The SMART goal is broken down into specific, measurable, attainable, relevant, and time-bound criteria, providing a structured approach to goal setting and achievement. The report concludes that setting SMART goals is essential for effective business management and the accomplishment of business objectives, offering a framework for individuals to improve their professional practices and achieve their targets. The report references several academic sources, including journal articles and online resources, to support its claims and provide context to the concepts discussed. The report also includes a visual representation of the SMART objective concept.

MANAGEMENT

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
CONCLUSION................................................................................................................................2
REFERENCES................................................................................................................................3

INTRODUCTION
Business management is essentially required in order to significantly attain desired goals
within specific period of time1. Furthermore, effective time management helps an individual to
avoid stress and inherit several opportunities through which growth in career is witnessed.
Achieving good personal management is a key part for business development. The outcome of
this report is is based SMART objective through an individual is able set goals and accomplish
growth on personal as well as professional grounds.
MAIN BODY
For an individual it is very essential to identify his/her weak point and aim at adopting
several strategies through which improvement might be witnessed. I have potentially set a
SMART Objective through which improvement can be shown and desired business objective can
be achieved.
Goal: To improve time management and problem solving skills within 6 months in order
to significantly resolve conflicts and barriers related to my business practices which are
potentially witnessed.
SMART Objective: Goals are essential part of life through which sense of direction as
well as motivation within an individual is generated. By setting goals an individual is providing a
target which is essentially required to be achieved. Whereas a smart goal is basically used to
provide proper guide through which aims as well as objectives are significantly achieved.
SMART goals incorporates criteria in order to concrete on individual efforts and increases
chances of accomplishing that particular goal. Therefore, any objective which an individual set
in order to effectively manage business shall be specific, measurable, attainable, relevant and
time based.
 Specific: Goals which an individual aims at achieving shall be specific in nature.
Through this there are greater chances of accomplishment of that particular goal.
Therefore, in order to attain growth I have personally set a goal through which proper
time-management as well as problem solving skills shall be improved and I can
1 Miranda, Jhonattan, Roberto Pérez-Rodríguez, Vicente Borja, Paul K. Wright, and
Arturo Molina. "Sensing, smart and sustainable product development (S3 product)
reference framework." International Journal of Production Research 57, no. 14 (2019):
4391-4412.
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significantly manage business activities with full efficiency and resolve conflicts
effectively.
 Measurable: Smart goals must have a particular criteria which eventually helps in
measuring. Moreover, if there is no criteria an individual will not be able to manage
progress2. Therefore, with references to my goal it is highly measurable. I have conducted
a analyses in order to track to what exact my time-management as well as problem
solving skill is improved and what are the positive impact of this on business.
 Attainable: Smart goal set by an individual shall be attainable as well as achievable in
nature. This eventually helps in figuring out several ways by which an individual realizes
that goals can be achieved. In context to my smart goals it is significantly achievable in
nature and my career will be positivity affected by fulfilling this goal and business
objectives can be achieved.
 Relevant: Goals established by an individual shall be realistic and relevant which can be
achieved with available resources. Wherein time-management as well as problem solving
skill in my context are realistic and relevant through which business is effectively
management.
 Time bound: Proper start as well as finish time might be ascertained before establishing
a particular goal relating to business. Whereas I have personally targetted to improve my
time-management as well as problem solving skill within 6 months.
2 Chamoso, Pablo, Fernando De la Prieta, Javier Bajo Pérez, and Juan Manuel Corchado
Rodríguez. "Conflict resolution with agents in smart cities." In Smart Cities and Smart
Spaces: Concepts, Methodologies, Tools, and Applications, pp. 695-713. IGI Global,
2019.
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Illustration 1: Smart Objective
Source: SMART Goals, 2019.

CONCLUSION
From the above report it can be concluded that for an individual it is very essential to set
time-to time SMART goals through which business management small be effectively done and
business objective are significantly accomplished.
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REFERENCES
Books & Journals
Miranda, Jhonattan, Roberto Pérez-Rodríguez, Vicente Borja, Paul K. Wright, and Arturo
Molina. "Sensing, smart and sustainable product development (S3 product) reference
framework." International Journal of Production Research 57, no. 14 (2019): 4391-
4412.
Chamoso, Pablo, Fernando De la Prieta, Javier Bajo Pérez, and Juan Manuel Corchado
Rodríguez. "Conflict resolution with agents in smart cities." In Smart Cities and Smart
Spaces: Concepts, Methodologies, Tools, and Applications, pp. 695-713. IGI Global,
2019.
Online
SMART Goals. 2019. [Online]. Available through:<https://www.toolshero.com/time-
management/smart-goals/>.
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