Business Finance Homework Help

Learning Objectives

• Understand the characteristics of effective goal statements.
• Be able to evaluate effective goals.
• Be able to write effective goals.

Requirements

According to one model developed to provide practical guidelines, an effective goal conforms to three “must” criteria: It expresses a specific and measurable result, and it sets a date for achieving that result. It should also only have a single result. It is not advisable to put multiple objectives together. So the goal should follow this format:

• (1) To + (2) Action Verb + (3) A Single Specific and Measurable Result + (4) Target Date.

Evaluate the following six goals and complete the two required parts below.

• To complete the project within two weeks.
• To be perceived as the highest quality hotel in the tri-state by the end of 2030.
• To write objectives next week.
• To double profits in Mexico.
• To sell 10% more nachos and 5% more beer at the hockey game on February 20, 2022.
• To increase sales in 2030.

Complete the following two parts:

• For each of the six goals, write a brief critique (2-3 sentences) based on the guidelines (the “must” criteria) provided at the beginning of this assignment.
• Then based on your critique, please rewrite to improve these goals.

Expectations

The assignment is effort-based, so it is important that you complete both parts of this assignment with serious effort. Incomplete, careless, or rushed work will result in deduction of points.

Due