nerdexam
IIBA

CCBA · Question #109

Martha is the business analyst for her organization and she's been asked to help create a SMART goal for her company. Which one of the following organizational goals could be considered SMART?

The correct answer is B. Increase revenue by ten percent by January 15. A SMART goal is one that is Specific, Measurable, Achievable, Relevant, and Time-bound. According to the web search results, a SMART goal should answer the following questions: 12 Specific: What exactly do you want to achieve? Measurable: How will you know if you have achieved…

Strategy Analysis

Question

Martha is the business analyst for her organization and she's been asked to help create a SMART goal for her company. Which one of the following organizational goals could be considered SMART?

Options

  • ANo errors in production of customer products is not specific, measurable, or achievable. It does
  • BIncrease revenue by ten percent by January 15.
  • CIncrease revenue by ten percent is not time-bound. It does not specify when the revenue
  • DAdd 25 new customers to the sales base is not relevant. It does not explain why adding new

How the community answered

(16 responses)
  • A
    6% (1)
  • B
    94% (15)

Explanation

A SMART goal is one that is Specific, Measurable, Achievable, Relevant, and Time-bound. According to the web search results, a SMART goal should answer the following questions: 12 Specific: What exactly do you want to achieve? Measurable: How will you know if you have achieved it? Achievable: Is it realistic and within your reach? Relevant: Does it align with your purpose and values? Time-bound: When do you want to achieve it by? Option B is the only one that meets all of these criteria. It is specific, as it states the exact amount of revenue increase. It is measurable, as it can be tracked and quantified. It is achievable, as it is not too unrealistic or impossible. It is relevant, as it relates to the company's financial performance and growth. It is time-bound, as it has a clear deadline of January 15. The other options are not SMART goals because: not state what kind of errors, how they are measured, or how they can be eliminated. It is also unrealistic to expect zero errors in any production process. increase should be achieved by, which makes it hard to plan and monitor progress. customers is important or how it relates to the company's purpose and values. It is also not specific or measurable enough, as it does not state what kind of customers, how they are acquired, or how they contribute to the revenue.

Topics

#SMART goals#business objectives#goal definition#strategy formulation

Community Discussion

No community discussion yet for this question.

Full CCBA Practice