5 Questions
What is the primary purpose of a target or hurdle level in an objective?
To set a specific goal to be achieved
Which of the following is NOT a characteristic of a corporate objective?
Flexible
What is the role of a performance dimension in an objective?
To define what is to be achieved
What does a measure or index provide in an objective?
A way to evaluate progress
What is the purpose of a time frame in an objective?
To establish a deadline for completion
Study Notes
Components of an Objective
- An objective consists of four essential components: performance dimension, measure or index, target or hurdle level, and time frame.
- Performance Dimension: A specific area of performance that needs to be improved or achieved.
- Measure or Index: A standard or criterion used to evaluate progress or achievement.
- Target or Hurdle Level: A specific level of performance that needs to be achieved.
- Time Frame: A specific duration within which the target or hurdle level is to be accomplished.
- Objectives should be SMART: Specific, Measurable, Attainable, Relevant, and Time-bound.
Learn about the key components of an objective, including performance dimensions, measures, target levels, and time frames. Understand how SMART criteria apply to objectives.
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