Performance of Staff and Achieving Business Objectives (VCE SSCE Business Management): Flashcards

Group of people employed by a business

Specific outcomes a business aims to achieve

Largest expense AND most valuable asset

Specific, Measurable, Achievable, Relevant, Time-bound

Specific - clear & directly related to tasks

Measurable - can track progress & achievement

Achievable/Attainable - realistic goals

Relevant - why objective matters & connects to role

Time-bound - has a deadline or timeframe

Management by Objectives, Peter Drucker 1954