
The SMART rule is a widely used acronym that serves as a guide for formulating clear and precise goals. The five letters stand for: Specific (clear and unambiguous), Medible (verifiable with key figures), Attractive or achievable (motivating and realistic), Relevant (important and in line with the strategy) and Terminated (with a fixed end date). This method is used in many areas of management and Corporate management to ensure that targets do not remain vague, but can actually be implemented and tracked. Special evaluation requirements can be met by add-ons such as the Versino Financial Suite that enable advanced financial analyses.
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