Planning & Goal Setting

In order to run the organization successfully it is important to establish goals and over time make effort to achieve those goals. The process of goal setting & planning is usually done by the top management of the organization. The management set specific goals which are linked with the mission & values of the business. The goals are things which the corporation wants to achieve in the upcoming future and determine the success and profitability. There are some steps which organizations follow for setting the goals. Therefore it has been decided to use the steps of goal setting for setting goals for Boutiqaat.

Steps of Goal Setting

Following are the key steps for setting goals for the organization:

Analyzing the Boutique Mission of Planning & Goal Setting

You definitely needs a proper business plan to follow if you want to be efficacious in your business. The primary part of designing a good business plan is to recognize the aims you need to achieve in your business and to understand that what strategies you should made to achieve them. Therefore for establishing Boutiqaat goal its mission is going to be analyzed thoroughly. When you are deciding the policies of your business plan take a paper and put your plan on it. As to write out or print your business plans and aims on paper or on anything will help you to more focus on your objectives by seeing it in daily routine of life as compare to only know and have in mind that what are your goals. Its better that your business should be rely on SMART goal setting method. SMART goals, which is abbreviated as Specific, Measurable, Agreed, Realistic and Timely [1].

The first stage of the setting of your business goal is to have absolute faith and trust in you and in process. You have to believe that you can transmute your business and your life and can achieve whatever you want but if do not have faith than you will definitely forget about the goal setting and maybe lose hope. But at the same time if you feel like uncertain and losing hope than have a look around the world as everything in the world was a thought but then someone starts it on small scale and make it huge because they have certainty.

Imagine whatever you want to achieve think intensely about your desires and dreams of your life as where you want your business to be in upcoming years what sky heights you want to touch. Think and understand that what are the things you need to change? What do you need to learn to improve your knowledge? What are the possessions you required to address such as emotional, social, spiritual, financial, personal and physical etc.? The clearer you are about your desires the more you can focus on your goals setting and being clear and humble will help you more concern with objectives and to achieve them more speedily. The goal that Boutiqaat has established after analyzing mission is to provide variety of products on competitive prices to its customers [1].

Evaluating the Resources of Planning & Goal Setting

Set the particular objectives. It is necessary to set the goals first because without knowing the way how you get to know that where is you want to reach. As instance writes it that “till 31st December have to improve the gross sales” a goal for you to achieve “maximize the sales of company”. By specifying the goals it enables you to understand what are you going for and what should your strategies to achieve the desire goals. As Boutiqaat aim is to provide variety of products it is important to evaluate its resources [2].

Determine Goal with input of others 200

Decide the goals that can be measure because without measurement it’s not possible to estimate that how are you doing to meet your goal as the above example to increase sales 15% is a measurable goal. The owner can easily analyze at the end of year that is the sales increase to 15% or not. This will enable the company to remain on goal throughout the year.

This is also helpful to understand the reason behind your goal. Recognizing the determination of your goal will give you power by understanding that why you achieve it. If you know the reason it will motivate you to achieve as soon as possible as if you want to achieve luxury car it will push you to earn 200 dollars as soon as possible and by knowing reason it will motivate you. It’s a necessary step so put it on paper the reason behind your goal and what does it mean to you because without knowing the reason of goal you cannot be successful [2].

Communicating the Goals of Planning & Goal Setting

Make the goals reality based goals like if you just start your company and you want to be popular worldwide in upcoming year is just like day dreaming. Set the goals which you can reach with your available resources. It’s necessary to identify the reality based reasons for your motivation do not set unrealistic goals for you. Implement on goals which are achievable for company and by employees so that when a mini goal get achieved it can motivate you to achieve more [3].

Set a deadline for goals because without deadline it’s useless to set goals. As instance in above example there was a goal of “increase sale” but it’s not specific goal whereas increase sales by 31st December of upcoming year is a timely and specific goal. By timely goals you are enable to measure the goal on time or to check whether the strategies are working or not. And if you cannot achieve goal on time you can understand what you require to improve. It is important that the employees of Boutiqaat know what they are going to deliver to their customers [1].

Assessment of the Goals of Planning & Setting

Set the relevant goals for your business and don’t go overboard in making goals. Sometimes owner do not make relevant goals it does not prove efficient for overall organization. Select one thing which is significantly needed by your business and this thing should be particular as if you are only able to achieve it and then you would be proud on your organization. After it to support your first goal make another secondary goal it will ensure the success of your organization [4].

Formation of Plan of Planning & Goal Setting

Long Term Strategic Planning

To achieve the particular goals you need to set a strategic plan which should base on creating a long term strategy through the execution of objective set. These objectives provide pragmatic information to organization to make further strategies. The strategic plan is long term plan based and look at upcoming five or more years it recognize that what is the current position of company and what the owner wants to achieve in how long period and what should the strategies to achieve the goals. As Boutiqaat’s goal is to provide variety of products it can be said that it is a long term strategic plan.

It needs a proper toolkit to accomplish the strategic plans effectively. Some organizations are really good in articulating the strategic but when it times to execution of plans they fail to implement on short term strategic plan. Hence an organization can adapt the changing environment as well as can design a general path depends on the aim, values and goals of business by merging apparatuses of both short and long term planning’s [1].

Short Term Operational Planning

There should always an operational shot term plan with every strategic plan of long term. The objectives of operations are to create the value. The task of operating management is to generate the values by attaining the several goals set in the strategic plan. These operations manage short term objectives of 1 to 12 months that give evidence that organization is leading on the way of success. 

References of Planning & Goal Setting