Setting effective long term goals involves a strategic approach:
Specificity: Goals should be specific and clearly defined to avoid ambiguity. Measurability: They should be measurable, allowing the company to track progress and make necessary adjustments. Achievability: Goals should be realistic and attainable based on the company's capabilities and resources. Relevance: They should be aligned with the company’s mission, vision, and overall business strategy. Time-bound: Goals should have a clear timeline, providing a deadline for achieving them.