written by khatabook | November 10, 2022

What are SMART Goals - Meaning, Example and How To Achieve Them

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Table of Content


Have you ever felt as though your efforts were in vain? When you look back over the last five or ten years, you may notice minimal development in your talents or achievements or perhaps you're unsure how you'll achieve your goals in the next few years.

Many individuals spend their lives bouncing from one job to the next or racing about attempting to do more while actually accomplishing very little. Setting SMART objectives allows you to clarify your thoughts, focus your efforts, make better use of your time and resources, and boost your chances of accomplishing your life goals.

Did You Know? SMART goals full form is Specific, Measurable, Attainable, Relevant, and Time-bound goals. SMART goals can help keep you motivated, as they give you a tangible way to see your progress.

SMART Goals Meaning

A SMART goal is a goal that is Specific, Measurable, Achievable, Relevant and Time-bound. Specific goals are those that are clearly defined and answer the questions of who, what, when, where, and why. Measurable goals are those that can be quantified so that progress can be tracked. Achievable goals are those that are realistic and attainable given the resources and time available. Relevant goals are those that align with the mission and vision of the organization. Time-bound goals are those that have a specific timeline for completion.

 

Full Form

S

Specific

M

Measurable

A

Achievable

R

Relevant

T

Time bound

The SMART goal framework is a popular tool for setting goals because it helps to ensure that goals are specific, measurable, achievable, relevant, and time-bound. By using the SMART goal framework, organizations can increase the likelihood of achieving their goals.

The SMART goal framework can be applied to any goal, but it is particularly useful for goals that are complex or challenging. When setting a SMART goal, it is important to involve stakeholders in the process so that they can provide input and buy-in. Once a SMART goal is set, it is important to create a plan for how the goal will be achieved. The plan should be comprehensive and include a timeline, milestones, and assigned tasks.

The SMART goal framework is a valuable tool for organizations that want to achieve their goals. By setting specific, measurable, achievable, relevant, and time-bound goals, organizations can increase their chances of success.

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SMART Goals explained with example

The best way to think of SMART goals is that they are specific, measurable, attainable, relevant, and time-bound. This means that your goal should be something that you can realistically achieve and that you can measure your progress along the way.

One way to set a SMART goal is to break it down into smaller, more manageable pieces. For example, if your goal is to lose weight, you might set a goal to lose 2 pounds per week for the next 8 weeks. This is a specific, measurable, and time-bound goal that you can realistically achieve.

Another way to set a SMART goal is to make sure it is relevant to your overall goals. For example, if your goal is to get healthy, then setting a goal to eat more vegetables is a SMART goal. However, if your goal is to lose weight, then setting a goal to eat more vegetables might not be as relevant.

Another example, of a SMART goal for a new business, might be to "increase sales by 10% within the first year." This goal is specific (it states exactly what is to be accomplished), measurable (it can be quantified), attainable (a 10% increase in sales is realistic for a new business), relevant (sales are the main concern of any business), and time-bound (the goal is to be accomplished within the first year).

No matter what your goal is, setting SMART goals can help you achieve them. By being specific, measurable, attainable, relevant, and time-bound, you can increase your chances of success.

Specific SMART Goals Meaning

The "S" in SMART goals stands for "specific." A specific goal is one that is clearly defined and easy to understand. It should be something that you can realistically achieve given your current circumstances.

A specific goal should answer the following questions:

  • Who is involved?
  • What do you want to achieve?
  • When do you want to achieve it?
  • Where do you want to achieve it?
  • Why do you want to achieve it?

An example of a specific goal would be, "I want to lose 4kgs by the end of the year." This goal is specific because it is clearly defined (lose 4kg), has a timeframe (by the end of the year), and is something that is realistically achievable (based on your current weight and health).

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Measurable SMART Goals

The "M" in SMART goals stands for "measurable." A measurable goal is one that can be tracked and quantified. This ensures that you can see your progress and know when you have achieved your goal.

A measurable goal should answer the following questions:

  • How much?
  • How many?
  • How will I know when I have reached my goal?

An example of a measurable goal would be, "I want to save ₹5,000 by the end of the month." This goal is measurable because you can track your progress (by how much money you have saved each week) and know when you have reached your goal (when you have saved ₹5,000).

Achievable SMART Goals

The "A" in SMART goals stands for "achievable." An achievable goal is one that is realistic and achievable given your current circumstances. This ensures that you are setting yourself up for success and are not setting yourself up for disappointment.

An achievable goal should answer the following questions:

  • Do I have the resources (time, money, skills, etc.) to achieve this goal?
  • Can this goal be achieved given my current circumstances?
  • Am I willing to put in the necessary work to achieve this goal?

An example of an achievable goal would be, "I want to save ₹10,000 in 3 months." This goal is achievable because it is realistic (based on your current income and expenses) and you are willing to put in the necessary work (by cutting back on spending and/or increasing your income).

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Relevant SMART Goals

The "R" in SMART goals stands for "relevant." A relevant goal is one that is important to you and aligned with your values. This ensures that you are motivated to achieve your goal and are more likely to stick with it in the long run.

A relevant goal should answer the following questions:

  • Why is this goal important to me?
  • How will this goal help me achieve my long-term goals?
  • Does this goal align with my values?

An example of a relevant goal would be, "I want to save ₹10,000 so I can go on a vacation." This goal is relevant because it is important to you (you want to go on vacation) and it aligns with your values (valuing experiences over material possessions).

Timely SMART Goals

The "T" in SMART goals stands for "time-bound." A time-bound goal is one that has a specific deadline. This ensures that you are motivated to achieve your goal and are more likely to stick with it.

A time-bound goal should answer the following questions:

  • When do I want to achieve this goal?
  • What is my deadline?
  • How will I know when I have reached my goal?

An example of a time-bound goal would be, "I want to save ₹10,000 in 3 months." This goal is time-bound because it has a specific deadline (3 months) and you can track your progress (by how much money you have saved each week).

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Conclusion

The best way to achieve success is to set SMART goals. This acronym stands for Specific, Measurable, Achievable, Relevant, and Time-bound. By following these guidelines, you can set goals that are realistic and attainable, which will increase your chances of achieving them. Breaking your goals down into smaller, more manageable pieces is also key to success. By taking the time to plan and setting yourself up for success, you can achieve anything you set your mind to.
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FAQs

Q: What is a SMART goal for an employee?

Ans:

Some examples of Specific, Measurable, Attainable, Relevant, and Time-bound Employee goals are: Improve customer satisfaction ratings by 3% within the next 6 months. Increase sales by 5% in the next quarter. Improve efficiency by 10% in the next month.

Q: Why are SMART goals important?

Ans:

SMART goals set you up for success by making goals specific, measurable, achievable, realistic, and timely. The SMART method helps push you further, gives you a sense of direction, and helps you organize and reach your goals.

Q: What are some good professional SMART goals?

Ans:

  • Be a Better Coach
  • Build Your Network
  • Improving Productivity
  • Become a Leader

Q: What are the 5 SMART goals for work?

Ans:

The SMART in Smart Goals stands for Specific, Measurable, Attainable, Relevant, and Time-Based. In order to be a SMART goal, the goal needs to meet all five of these criteria.

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The information, product and services provided on this website are provided on an “as is” and “as available” basis without any warranty or representation, express or implied. Khatabook Blogs are meant purely for educational discussion of financial products and services. Khatabook does not make a guarantee that the service will meet your requirements, or that it will be uninterrupted, timely and secure, and that errors, if any, will be corrected. The material and information contained herein is for general information purposes only. Consult a professional before relying on the information to make any legal, financial or business decisions. Use this information strictly at your own risk. Khatabook will not be liable for any false, inaccurate or incomplete information present on the website. Although every effort is made to ensure that the information contained in this website is updated, relevant and accurate, Khatabook makes no guarantees about the completeness, reliability, accuracy, suitability or availability with respect to the website or the information, product, services or related graphics contained on the website for any purpose. Khatabook will not be liable for the website being temporarily unavailable, due to any technical issues or otherwise, beyond its control and for any loss or damage suffered as a result of the use of or access to, or inability to use or access to this website whatsoever.
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Disclaimer :
The information, product and services provided on this website are provided on an “as is” and “as available” basis without any warranty or representation, express or implied. Khatabook Blogs are meant purely for educational discussion of financial products and services. Khatabook does not make a guarantee that the service will meet your requirements, or that it will be uninterrupted, timely and secure, and that errors, if any, will be corrected. The material and information contained herein is for general information purposes only. Consult a professional before relying on the information to make any legal, financial or business decisions. Use this information strictly at your own risk. Khatabook will not be liable for any false, inaccurate or incomplete information present on the website. Although every effort is made to ensure that the information contained in this website is updated, relevant and accurate, Khatabook makes no guarantees about the completeness, reliability, accuracy, suitability or availability with respect to the website or the information, product, services or related graphics contained on the website for any purpose. Khatabook will not be liable for the website being temporarily unavailable, due to any technical issues or otherwise, beyond its control and for any loss or damage suffered as a result of the use of or access to, or inability to use or access to this website whatsoever.