Primary navigation:

QFINANCE Quick Links
QFINANCE Topics
QFINANCE Reference
Add the QFINANCE search widget to your website

Home > QFINANCE Dictionary > Definition of goal

Definition of

goal

General Management

target of effort an end toward which effort is directed and on which resources are focused, usually to achieve an organization's strategy. There is considerable discussion on whether objective, goal, target, and aim are the same. In general usage, the terms are often interchangeable, so it is important that, if an organization has a particular meaning for one of these terms, it must define it in its documentation. Sometimes an objective is seen as the desired final end result, while a goal is a smaller step on the road to it.

goal - Related Articles
  • Defining Corporate Governance: Its Aims, Goals, and Responsibilities

    Checklists

    up proper procedures to deal with the consequences of a breach. Defining Corporate Governance: Its Aims, Goals, and Responsibilities

  • Understanding Key Performance Indicators

    Checklists

    A key performance indicator (KPI) is a way for an organization to measure its success or otherwise in reaching its defined goals or objectives. KPIs can be very useful as a means of assessing an organization’s current position and deciding on new strategies if necessary. While KPIs are sometimes

  • Multidimensional Performance Measurement Using the Balanced Scorecard

    Best Practice

    resources that eventually impact the financial outcomes of the firm; to do so effectively, they need performance feedback that links the outcomes of their decisions to the strategic and financial goals of the firm. This feedback is most useful when it is a “leading” performance indicator, or one that is closely related to the work being performed
    By Priscilla Wisner

  • Designing Corporate Systems for Success

    Best Practice

    By stepping back and reviewing your systems from a strategic perspective, you’ll be able to identify quickly those systems that are working toward your goals—and which are not. It’s easy. Simply ask yourself: How does this policy/procedure/instruction help us to achieve our strategic goals, vision
    By Leslie L. Kossoff

More

Definitions of ’goal’ and meaning of ’goal’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’goal’ and other financial terms with our online QFINANCE Financial Dictionary.

Back to top

Related Blog Posts

More related Blog results