Characteristics of A Good Vision
Characteristics of A Good Vision
Vision Mission
4. Answers the question “what we want to 4. Answers the question “what is our business”.
become?”
A goal is considered to be an open-ended statement of what one wants to accomplish with no
quantification of what is to be achieved and no time criteria for its completion. For example, a
simple statement of “increased profitability” is thus a goal, not an objective, because it does not
state how much profit the firm wants to make.
Objectives are the end results of planned activity. They state what is to be accomplished by when
and should be quantified. For example, “increase profits by 10% over the last year” is an
objective.
Goals Objectives
1. General Specific