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Long Term Objectives 01

Objectives can be both long-term and short-term. Long-term objectives are broader in scope and are intended to be achieved over 5 years or more, guiding the organization's competitive position, profitability, and image. They provide targets for assessing progress towards achieving the overall business vision. Short-term objectives are more specific goals intended to be achieved in a shorter time period, and are often necessary steps towards accomplishing the long-term objectives. Setting specific, measurable, attainable, rewarding, and timed short-term objectives can help work towards the long-term goals. Both long and short-term objectives should be reasonable, directional, inspiring, and eventually fulfilled.

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584 views3 pages

Long Term Objectives 01

Objectives can be both long-term and short-term. Long-term objectives are broader in scope and are intended to be achieved over 5 years or more, guiding the organization's competitive position, profitability, and image. They provide targets for assessing progress towards achieving the overall business vision. Short-term objectives are more specific goals intended to be achieved in a shorter time period, and are often necessary steps towards accomplishing the long-term objectives. Setting specific, measurable, attainable, rewarding, and timed short-term objectives can help work towards the long-term goals. Both long and short-term objectives should be reasonable, directional, inspiring, and eventually fulfilled.

Uploaded by

Muhammad Bilal
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOC, PDF, TXT or read online on Scribd
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OBJECTIVE

An end that

can be reasonably achieved within an expected timeframe and with available resources. In general, an objective is broader in scope than a goal, and may consist of several individual goals. Objectives are a basic tools that underlying all planning and strategic activities.

LONG TERM OBJECTIVES


Definitions: Performance goals of an organization, intended to be achieved over a period of five years or more. term objectives usually include specific improvements in the organization's competitive position, technology leadership, profitability, return on investment, employee relations and productivity, and corporate image. Longer-term objectives are generally more inspirational in nature and so tend to relate to a period of five years plus. Often, for owners and/or managers these can tie closely in with personal goals and work/life balance. Goals will have some degree of measurability, but are less specific than objectives associated with an annual operational plan. Long-term goals help se a direction and help visualize the level of expected performance. As such, they provide targets for assessing our progress in achieving the business vision. Long term goals are: Directional (moves the farm business toward the general objectives of the vision statement),

Reasonable (are practical and obtainable not extreme)

Inspiring (provide management challenges and positive motivation),

Visible (the goal is easy to visualize), and

Eventual (will be fulfilled at a future date). For example, if one of your long-term goals is to get an electrical engineering degree in five years, you can set up enabling goals for each semester or quarter of college that supports this long-term goal. These goals could include attending classes, participating in professional

development and internship opportunities at your school, maintaining a certain grade point average, and staying up-to-date in your readings and assignments. Long-term goals work when you achieve your short-term goals in ways that are meaningful to the long-term goal. For example, your 1,000 words per day must be directly applicable to the larger work you have named in your long-term goal. Other writing that does not directly serve that long-term goal (such as journal writing or blog postings) is meaningless to that specific goal, although such writings may serve other goals.

SHORT TERM OBJECTIVES

Definition: A goal or objective is a desired result a animal or a system envisions, plans and commits to achievea personal or organizational desired end-point in some sort of assumed development. Many people endeavor to reach goals within a finite time by setting deadlines. To do something productive and innovative in field of science with an industry so as to have an idea of advancement in field of different technology employed in industry as well as sharpen my managerial skills and to make myself aware of global competitiveness existing in current market. Short-term objectives are often process related and necessary preconditions to achieving an organizations long-term policy goal. For example, These objectives may be related to gains in organizational capacity, The development of strategic relationships , or Increases in organizational visibility and recognition. Short-term objectives lend even more precision to the plan. Objectives are more specific in terms of what is to be done and the timeframe in which it is to be accomplished. Setting

Short-term objectives can be difficult and challenging. Short-term objectives are: Specific (they indicate exactly what will be accomplished),
Measurable (they can be quantified with a specific target that is set so

we will know when the objective has been achieved),


Attainable (they are not beyond reach even though the may be

challenging), Rewarding (provide motivation for the accomplishing a task), and Timed (specify a specific date by which the objective will be achieved).

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