A large corporation that sells bath products may be able to meet its goal of increasing its sales by 12 percent within three months because they have ample resources and enough employees to do so. However, a tiny independently owned boutique that sells bath products may not be able to reach that same goal because of their limited resources. This is an example of which component of the SMART framework differing in definition from business to business? (1 point) Responses Specific Specific Achievable Achievable Measurable Measurable Relevant
The component of the SMART framework that differs in definition from business to business in this scenario is "achievable." While increasing sales by 12 percent within three months may be achievable for a large corporation with ample resources, it may not be achievable for a tiny independently owned boutique with limited resources.
The SMART framework is a goal-setting tool that stands for Specific, Measurable, Achievable, Relevant, and Time-bound. In this scenario, the component of the SMART framework that differs in definition from business to business is "Achievable." The goal of increasing sales by 12 percent within three months may be achievable for a large corporation with ample resources and employees. However, it may not be achievable for a tiny independently owned boutique with limited resources. Different businesses have varying capabilities and constraints, which influence their ability to achieve certain goals.
This example highlights the component of the SMART framework that differs in definition from business to business, which is "achievable." The SMART framework is an acronym that stands for Specific, Measurable, Achievable, Relevant, and Time-bound. Each component of the framework helps to ensure that goals are well-defined and achievable within a given timeframe.
In this case, both the large corporation and the tiny boutique have set the goal of increasing sales by 12 percent within three months. However, what is considered achievable differs between the two businesses. The large corporation has ample resources and enough employees to potentially meet this goal, making it feasible for them. On the other hand, the tiny boutique may face limitations in terms of resources and manpower, making it more challenging for them to achieve the same goal.
So, the component of the SMART framework that differs in definition from business to business in this example is the "achievable" aspect. While increasing sales by 12 percent within three months may be achievable for a large corporation with sufficient resources, it may not be as attainable for a small independent boutique with limited resources.