Goal Setting - Meaning & Definition

Published by MBA Skool Team in Human Resources Terms Last Updated: July 31, 2023Read time:

What is Goal Setting?

Goal setting is the process of laying down certain objectives, guidelines and ways which can help the employees to understand the business goals and how they have to approach the work. Goal settings have to be specific, measurable, achievable, realistic and time bound.

The goal setting process acts as a guideline for employees to follow so that they can work in order to achieve the target set by the organization.

Goal setting feature is the major component of personal development literature and necessary for each employee and organization. Goal should be realistic and achievable so as to increase the confidence and productivity of the individual and of the organization.

Steps for Setting up of Goals:

Setting goals affects outcomes in following ways:

  1. Choice
  2. Effort
  3. Persistence
  4. Cognition

This article has been researched & authored by the Business Concepts Team which comprises of MBA students, management professionals, and industry experts. It has been reviewed & published by the MBA Skool Team. The content on MBA Skool has been created for educational & academic purpose only.

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