What is the difference between target and goal

Neither one defines how you get there; that's a matter of strategy. Strategy is the plan for how you're going to achieve your targets and objectives. If your objective is to dominate the market, achieving Six Sigma levels of perfection is one strategy.

Possible alternative strategies include an advertising and marketing blitz to convince customers to buy your products or making them cheaper so you can undercut your rivals' prices. Fraser Sherman has written about every aspect of business: how to start one, how to keep one in the black, the best business structure, the details of financial statements. He's also run a couple of small businesses of his own. He lives in Durham NC with his awesome wife and two wonderful dogs.

His website is frasersherman. Share It. Your company's mission statement may suggest an objective, but if not, ask some questions. What you want to achieve is to finish college My target date to finish my essay is this Friday. Your deadline or when you're supposed to finish your essay is due on Friday Goal is more of what you want or desire while target is what you are trying to do or get.

The one learning a language! Learn about premium features. Tired of searching? HiNative can help you find that answer you're looking for. Target : the exact result of what you want to get. Aim : what you hope to get and you want to do this. Goal : what you hope to get, but may take a long period of time. View Latest Book. In this case, your weight might be a KPI, but it is not the goal.

Which brings us to our next point: Not all metrics are KPIs. Companies need goals, KPIs and targets to produce the results you want in any given scenario, and you must understand the differences to get the outcome you want: Goal: The objective you are trying to achieve, e. Target: The level or benchmark you are aiming to achieve for your KPIs, e. Related Articles.

Essex Police is one of the United Kingdom's largest non-metropolitan [ We seem to live in a world saturated with KPIs. Brand awareness gives companies a better understanding of how well […] Read More.