Setting effective corporate objectives involves several key steps:
Alignment with Mission and Vision: Ensure that the objectives are aligned with the company's mission and vision. SMART Criteria: Objectives should be Specific, Measurable, Achievable, Relevant, and Time-bound. Stakeholder Involvement: Involve key stakeholders in the process to ensure that the objectives are realistic and achievable. Prioritization: Prioritize objectives based on their importance and potential impact on the business. Regular Review: Regularly review and update objectives to reflect changes in the business environment.