1.
Assessment and Analysis: Start with a comprehensive
SWOT analysis (Strengths, Weaknesses, Opportunities, Threats) to understand the internal and external factors affecting the business.
2.
Stakeholder Engagement: Involve key stakeholders, including employees, customers, and investors, to gather diverse perspectives and insights.
3.
Vision Alignment: Ensure that the new goals and objectives are aligned with the organizationâs
mission and vision. This alignment provides a clear direction and purpose.
4.
SMART Criteria: Redefine goals using the SMART criteria (Specific, Measurable, Achievable, Relevant, Time-bound) to ensure clarity and feasibility.
5.
Communication: Clearly communicate the new goals and objectives to the entire organization to foster understanding and buy-in.