Tag: management

  • Goal Setting: A Guide to Setting and Achieving Goals

    Goal Setting: A Guide to Setting and Achieving Goals

    Goal setting is one aspect of self management . By having a clear goal setting , life will be more meaningful. 

    Sometimes a person is too focused on the usual work to have no other purpose in life. 

    As a result, at some point they will feel life becomes colorless. Or feel no progress in life

    That is the importance of having a goal setting

    Definition of Goal Setting

    Goal setting is all the processes needed to achieve a goal. People who have goal setting will have a better quality of life. 

    By having a clear vision and mission in life, a person will be able to develop himself to be even better. 

    How to Create Goal Setting

    It’s never too late to start good habits. There are some tips for create goal setting . What are they? Check out the following explanation, yes. 

    1. Know Priorities

    Before determining the goals you want to achieve, you should know the priority goals you want to achieve. 

    Think about the goals you want to achieve in life. It doesn’t have to be long-term goals, short-term goals can be. 

    If you have many goals to achieve, choose the goals that you think are most important first. 

    Working on one goal first will make you more focused on achieving it than working on multiple goals at one time. 

    2. Use the SMART Method

    The second step is to use the SMART method. What is the SMART method?

    The SMART method stands for Specific , Measurable , Achievable , Realistic , and Timebound

    This method is used to set specific goals . The goal is that someone can find out how far the progress he has achieved. 

    In addition, this method is also useful to find out whether someone has succeeded in achieving the target or not. 

     

    3. Write down the target you have

    Most people will have a passionate desire to reach the target at the beginning. However, over time they will forget the target they want to achieve. 

    That’s why it’s important to write down the goals you have. 

    After writing down the target you have, you can put the writing in a place that is easy for you to see. For example on a study table, bedroom wall, cupboard, and so on. 

    The goal is that you always remember the target you want to achieve. 

    Also try to write targets with positive words so that you are more enthusiastic about achieving the targets you have. 

    4. Make an Action Plan

    Many people think too much about the target they want to achieve but forget to take steps to achieve that target. 

    Therefore, you need to make an action plan . This action plan contains small plans or targets that you want to achieve in order to realize bigger targets. 

    To avoid the habit of procrastinating work , you can create a timeline . Give a certain period of time for you to complete one target. 

    The goal is for you to be more motivated to achieve it and avoid wasting time. 

    5. Consistent to Achieving Target

    The next step is to start taking steps to achieve the target to be achieved. 

    Usually on the way to achieving this target a person will experience a phase of ups and downs of motivation. 

    In fact, not infrequently they give up and eventually forget the target they want to achieve. That is why in achieving a target, you also need self motivation to be consistent. 

    6. Evaluate

    The last step is to evaluate. Take time at least once a week to evaluate the steps you have taken. 

    This evaluation will help you to find the obstacles and challenges you encounter in implementing these targets. So that later you can find a way to solve it. 

    This evaluation can also be a means for you to appreciate your efforts in achieving the target. No less important, make it a habit to give self-rewards when you succeed in achieving a target. 

    Closing

    Those are the steps to make goal setting from sinaumedia . Dreams will make life more colorful. Moreover, if the dream comes true, life will become more meaningful. Keep on making dreams come true!

  • Introduction to Microeconomics: Definition, Theory, Objectives and Scope

    Introduction to Microeconomics: Definition, Theory, Objectives and Scope

    Are You looking for references on microeconomic theory? That’s right, sometimes there are still many people who can’t tell the difference between micro and macro economics. Even though the study of this theory will often be encountered by us when studying economics. In order to get to know and understand more about the study of the theory, the following is a specific explanation of microeconomic theory, starting from the definition, objectives, scope, problems, and practical examples:

    Understanding Microeconomics

    The definition of microeconomics is a special study of economics to study the behavior of consumers and a company and determine market prices and quantities of inputs, goods and services to be traded. Microeconomics is also referred to as microeconomics which can directly affect decision making about supply and demand for goods or services.

    So, the definition of microeconomics is to have the main goal for companies, namely to analyze the market and how the mechanism in forming the relative prices of products or services. In microeconomic theory, the study of supply and demand curves helps to understand the relationship between changes in wages, the right pattern of work, and to understand what cost variables are in the production of certain goods and services.

    Aspects in analyzing microeconomics include: cost and benefit analysis, theory of demand and supply, elasticity, market models, industry, production theory, and price theory. This aspect of analysis can play a role in helping to analyze market failures and theoretically describe conditions in a perfectly competitive market. To understand the broader understanding of microeconomics, the following is the definition of microeconomics based on the opinion of experts:

    1. According to Mary A Marchant and William M Snell

    Microeconomics is the study of individuals, households and firms in making decisions within a larger economic process.

    2. According to David A. Moss

    Microeconomics is a step in analyzing a decision made by an individual or group, starting from the factors to the form of consideration of the costs and benefits.

    3. According to Adam Smith

    Microeconomics is a rational consideration in making decisions made by business people.

    4. According to NG Mankiw 

    Microeconomics is a scientific study that discusses the role of individual economic actors in making decisions and how they interact in the market.

    5. According to David Ricardo

    Microeconomics is a condition where economic actors already have information about the ins and outs of a particular market. So, microeconomics is a determining factor in the global economic market.

    6. According to Marshal and Pigou

    Microeconomics is a form of high level of mobility in the market, thus enabling economic actors to directly adapt and adjust to changes in the market.

    Microeconomics is a form of high level of mobility in the market

    Microeconomic Goals

    In practice, microeconomics has the following main objectives in economics:

    1. Can perform analysis on the mechanism that forms the relative price of the product, both in the form of goods and services and its application from limited sources among the many alternative uses.
    2. Can perform market failure analysis, which is when the market fails to produce efficient results and explains various theoretical and strategic situations required by a market with a perfect form of competition.

    Scope of Microeconomics

    The scope of microeconomic theory is producers and consumers, but in the world of economics, producers and consumers are individual forms in every condition of society, organizations, companies, and households. The following is a more detailed or specific scope of economic theory in a broader economic study:

    1. Interaction in the Goods Market

    In this economic concept, there must be interaction in the goods market. The market is a place where supply and demand transactions meet. This place then becomes a meeting place between sellers and buyers to make real buying and selling transactions.

    2. Seller and Consumer Behavior

    Sellers and consumers have a rational nature, where sellers want maximum profit, while consumers or buyers need optimal satisfaction, both in terms of quality and price of goods and services. The behavior of these sellers and buyers can be analyzed using assumptions and it is necessary to pay attention to their economic activities which are carried out rationally and openly.

    3. Market Interaction of Production Factors 

    The scope of microeconomics also involves the interaction of the market with the factors of production, where the seller has the product to meet the needs of the factors of production which he does by becoming a buyer as well. While the buyer or consumer then needs money to be able to continue to meet their needs and satisfaction.

    4. Value Use Theory

    Use value in microeconomic theory is a way to study how an item can produce benefits or satisfaction for buyers or consumers who use these goods or services.

    5. Market Structure Theory

    The theory of market structure is to explain the form of market classification based on a number of existing companies, characteristics, and types of products. This theory also discusses the aspect of convenience for companies or producers to enter and exit a market. A market structure that is generally non-competitive will occur if the company does not have the power and ability to influence the amount of certain goods and their prices.

    Meanwhile, if the company has the power or ability to influence the number of certain goods and their prices, then the market structure becomes a competitive market structure.

    6. Price Elasticity

    Price elasticity is a useful form of analysis for studying how the prices of certain goods or services are formed in a market. The formation of this price is influenced by the large number of requests in the market.

    7. Industry 

    In microeconomic theory, it also discusses how the flow of product turnover, both goods and services, can be formed in the market. This theory will then analyze the goods produced, producers, consumers, and distribution in terms that allow or rational in making the right economic decisions.

    8. Input Market

    The scope of the input market studies how producers obtain their production materials at the lowest possible cost and can produce goods or services that have a higher selling value. This means that in this scope it discusses the product process itself from the beginning which does not yet have a high value after it reaches the hands of consumers or buyers.

    Microeconomic Theory

    We recomend you also read : Understanding Accounting and Its Importance in Business.

    Microeconomic Theory

    In the study of microeconomics, this theory divides three analyzes that can be carried out as follows:

    1. Price Theory

    In price theory, it is usually carried out in the process of price formation, the factors that can affect changes in supply and demand in the market. In addition, it also examines the relationship between the price of demand and supply, as well as the shape of the market and the concept of elasticity of demand and supply.

    Price theory also discusses the balance that occurs between sellers and buyers, where both will carry out a bargaining process until an agreement is reached at a certain price.

    2. Production Theory

    Production theory is used as a basis for analyzing the level and cost required for a particular production process.

    This analysis is then carried out on all matters relating to the cost of producing goods and services on the market. The combination of factors that occur in microeconomics needs to be determined by producers in order to get maximum profit.

    3. Distribution Theory

    Distribution theory aims to analyze labor wages, profits, and the amount of interest that must be paid to the owners of capital. This theory becomes the activity of distributing products from producers to final consumers through distribution channels.

    Generally, this theory in microeconomics is used as a consideration for ordering time, product durability, and the distance between producers and consumers. Distribution is not only a matter of distributing a product from producers to consumers, but also a form of business promotion and packaging of these products or services.

    4. Consumption Theory 

    This theory refers to the religious behavior of consumers in the context of meeting a need. Consumption theory will also discuss the occurrence of the market demand curve which is assessed as a derivative of the individual customer demand curve. In addition, it also discusses the occurrence of a decrease in the curve that can use this theoretical approach.

    Microeconomic Problems

    In microeconomics, economic actors can certainly face problems or obstacles that are economic in nature or related to the economy. The application of microeconomic theory is what can make the best choice from various alternative choices according to the needs and conditions of the problem at hand. This can happen because there are activities to produce or consume goods and services.

    In this situation, economic actors need to make decisions that aim to make the available resources more efficient. In addition, this choice can also create better welfare for economic actors and even more broadly. The following economic problems can occur in the scheme of microeconomic theory:

    1. Scarcity Problem

    Scarcity Problem

    The problem of scarcity can occur because of an imbalance between community needs and available production factors. Factors of production that can be used to produce the needs of these goods are limited. That is why people find it difficult to get all the things they want. Finally, the community makes a decision to choose other options in order to still be able to meet their needs.

    2. Community Needs

    In microeconomics there must be problems related to the needs of the community because basically the needs of the community are a form of need and desire to consume goods or services. Generally is as goods or services imported from abroad. Nevertheless, it remains the most widely produced domestically. In microeconomic theory, it shows that people’s desire to obtain goods and services can be divided into two forms, as follows:

    • The desire followed by the ability to buy or is called effective demand
    • Desire that is not followed by the ability to buy

    Microeconomic Example

    In practice, microeconomics can be seen when producers and consumers carry out rational economic activities. The following is an example of the occurrence of micro-economy that applies in Indonesia:

    1. Request

    Demand is one form of microeconomic example that shows the amount of goods and services that are in demand and the ability to buy for consumers at a certain price level and time. When there is demand when the price of goods or services is higher, the quantity demanded for goods or services will decrease. Conversely, if the price of goods or services decreases, the higher the buyer’s demand for goods or services.

    2. Offer

    In addition to demand, there is supply which is also an example of microeconomics which shows the amount of goods or services available for sale or offered to consumers at a certain price level and period. The actors who make offers are producers, where the higher the price, the higher the number of bids. Conversely, if the price decreases, the number of goods or Java offered will also decrease.

    Microeconomic Example

    3. Consumer and producer behavior

    The behavior of consumers and producers is also an example in microeconomics which shows the activities and processes carried out by economic actors in selecting, searching, buying, evaluating, and using goods or services for certain needs.

    4. Price

    Price is certainly a part of microeconomics because it has a relationship with the value of goods. Price is the element of the marketing mix that represents a profit. The price function in microeconomic theory is a measuring tool that shows the value of a good or service. So when the price is determined it is influenced by economic conditions, demand and supply curves, and also costs that can continue to change.

    5. Inner Cost

    Internal costs are sacrifices that companies or individuals use to get more benefits from the various economic activities they carry out. These costs can affect price changes, for example, high raw material costs cause an increase in the price of the product itself. This cost is also commonly referred to as  cost  because it is issued for  output  according to the target to be achieved.

    6. Market

    The market is a place where buying and selling activities occur, namely bringing them together to obtain a sale and purchase agreement. The market is then not only defined as a physical form, but can take a broader form, such as a marketplace or online buying and selling activities using the internet.

    If we talk about microeconomic theory, we cannot be separated from macroeconomics. Both have a fundamental difference, namely the scope that covers them. If microeconomics has an attempt to find factors that contribute to decisions and their possible impact on the general market, then macroeconomics discusses a holistic study of the structure, performance, behavior, and processes of economic policy making at the national level.

    Well, that’s an explanation of the  introduction to microeconomics , starting from the definition, objectives, scope, problems, and examples. have you been able to understand it? Most people may still have difficulty distinguishing between micro and macroeconomics. Both economic theories discuss the same economic objects, such as producers, consumers, prices, impacts, and so on.

  • SWOT Analysis: Benefits, Factors and Examples

    SWOT Analysis: Benefits, Factors and Examples

    Strengths, Weaknesses, Opportunities, Threats is an acronym for SWOT. SWOT Analysis is a strategic planning techniques that are useful for evaluating the strength and weakness , opportunities and threats in a project. Here will also be discussed about examples of SWOT Analysis for companies.

    But of course, both analysis for an ongoing project or one that is in new planning.

    SWOT analysis was first introduced by Albert S Humphrey in the 1960s in leading a research project at the Stanford Research Institute using data from Fortune 500 companies.

    The benefits of SWOT analysis are as follows

    The SWOT analysis method is the right tool to find problems from 4 (four) different sides, where the applications are:

    • How strength are able to take advantage of an opportunity that exist.
    • How to overcome the weaknesses that prevent profits.
    • How the strengths able to deal with threats that exist.
    • How to overcome weaknesses that are able to make threats become real or create a new threat.

    With the interconnectedness of these 4 factors, making this analysis makes it easy to realize the vision and mission of a company.

    SWOT Analysis

    SWOT Analysis Example

    The following is a simple example of conducting a SWOT analysis to evaluate a company’s strengths, weaknesses, opportunities, and threats.

    Strength 

    Strengths are the strengths of your business, such as quality, location, or other elements that make you superior to your competitors. List as many strengths as you can so you can see what sets your business apart from similar businesses that are similar to yours.

    1. We can respond quickly to every customer request without having to go through a long bureaucracy.
    2. We have low overhead costs, so we can offer our customers the best possible price.
    3. We pay close attention to every customer’s requests and needs.
    4. We are very flexible in handling each case and customer request.
    5. We have a good reputation in our market.

    Weakness 

    Weakness is the weakness of your business when compared to competitors. Estimate all the shortcomings you have so that when you want to do a promotion, you can find out which points have a “safe” location so that they don’t mention the weaknesses of your business.

    1. Our staff still has low ability in certain areas.
    2. Our company has limited capital.
    3. Cash flow is sometimes not smooth.
    4. The location of the office is in a less strategic place.

    Opportunity

    Opportunity is an opportunity that you can achieve after analyzing your position through the two internal factors above. Opportunities can also be determined by calculating the budget that you will spend on certain promotions or advertisements.

    1. The sector we are working in is on the rise.
    2. The government is very supportive of local companies like us.
    3. There is no intense competition in the sector we are engaged in.
    4. Only with low capital we can start a business well.

    Threat

    Simply put, external factors are things you cannot manage as a business owner. High risk requires business owners to analyze threats in order to prepare loss prevention strategies. Threat factors that must be considered are natural disasters, technological developments, competitor activities, and changes in government regulations.

    1. The rapid development of technology in this area is beyond our capabilities and may cause us to be late in adopting it.
    2. Changes to competitors’ strategies could threaten our position in this area.
    3. Lack of banking interest in financing funding for the industry we are currently working on.

    Factors Affecting SWOT Analysis

    There are 2 main factors that will influence the four basic components of a SWOT analysis.

    SWOT-Analysis

    External and internal factors that will affect the analysis of Strength, Weakness, Opportunities, Threats are:

    Internal Factors (Strength dan Weakness)

    Internal factors or factors that come from within consist of two points, namely strengths and weaknesses.

    Both will perform better in a study when strengths outweigh weaknesses.

    Thus the maximum internal strength will obviously give much better research results.

    As for the part of the internal factors themselves, including the resources owned, financial or financial, internal strengths or weaknesses of the organization, as well as previous organizational experiences (both successful and failed).

    External Factors ( Opportunities and Threats )

    This is a factor from outside the entity, where this factor is not directly involved in what is being researched and consists of 2 points, namely threats and opportunities.

    The existence of these opportunities and threats will of course provide data that must be included in research journals so as to produce strategies to deal with them.

    Several points are included in external factors, including trends, culture, socio-politics, ideology, and the economy , sources of capital, government regulations, technological developments, events that occur, and the environment.

    SWOT Analysis Combination Strategy

    In the analysis, you can focus on a combination of the two SWOT points to determine the strategic steps of your business . These focus combinations include:

    1. Focus on  strengths-opportunities (SO)  to obtain offensive alternatives by using internal strengths to take advantage of external opportunities.
    2. Focus on  Weaknesses  (WT)  to obtain defensive alternatives by exploiting internal weaknesses to reduce external threats.
    3. Focus on  Strength-threats  (ST)  by using internal strengths to reduce external threats.
    4. Focus on  Weaknesses  (WO)  by shoring up internal weaknesses to take advantage of external opportunities.

    As a method in general, this SWOT analysis can only help analyze the situation being faced by a company or an organization.

    This means that in principle this method is not a definite answer that is able to provide a solution to every problem at hand.

    But at least it will break down the existing problem by breaking it down into small parts that will look simpler.

    In addition to making a SWOT analysis, companies must also start to make a proper financial analysis.

    For advance guide, please read this article from corporatefinanceinstitute.com

  • What is SOP? Functions, Benefits, and Examples of SOP.

    What is SOP? Functions, Benefits, and Examples of SOP.

    Simply put, SOP are guidelines related to procedures that must be carried out. For example, in a company, company SOP are all the guidelines that employees need to do to get good work results.

    This rule itself is not only about how to get the job done. There are SOP if there is a disaster, SOP if employees are allowed to work, SOP if employees are about to change jobs, and so on.

    In essence, this SOP will arrange for everything to run properly, correctly, and effectively.

    Definition of SOP

    Simply put, as previously explained, SOP are a series of procedures that need to be carried out to get the desired results. Later, this will be a guide for employees on what they should do.

    Meanwhile, there are some experts who also have an opinion about the meaning of SOP itself. SOP are guidelines used to ensure the operational activities of a company or organization run smoothly.

    SOP is a sequence of steps in terms of implementing work, where the work is carried out. It deals with what to do, how to do it, when and where to do it, and who should do it.

    SOP is a document that contains a series of written instructions. The document is standard and official.

    The document contains a series of processes for administering office administration which contains how to do the work, the time of execution, the place of implementation, and also who will carry it out.


    SOP function

    In its own making, SOP have several functions. At least this company SOP is a work guideline that must be obeyed by all parties.

    Try to imagine if a company does not have an SOP. So, every time there is a new employee, the employee will be confused about what they should do.

    The employee will also be confused about his duties, rights, and responsibilities. This is one of the functions of the existence of this standard rule.

    The existing SOP will be a guide for each employee to carry out their duties. Likewise, when there are new employees, the old employees do not have to bother explaining a lot of things about work culture.

    Old employees only need to explain certain things.

    In addition, this rule also has several other functions, such as:

    1. As a Work Guide

    SOP will serve as a guide when working. With this rule, it will be easier in terms of operations .

    This guide will contain the steps in doing the job. This will be very useful to assist employees in carrying out and completing their duties.

    This will also help improve the performance of the company. That’s because every job will be purposeful.

    In this case, employees will know what they need to do, what their rights and responsibilities are, what work standards the company expects, and the limits of their work.

    Furthermore, this rule will help the company to achieve its goals. And on the other hand, by applying this rule properly, the company will also help employees to work optimally.

    2. As a Legal Basis

    SOP will also serve as a legal basis. This will relate to the rights and responsibilities of each party.

    If later there is one party who violates this rule, then the punishment that that party will get is usually already stated in the rule.

    By adhering to this guide, it will also be easier for each error to find the cause.

    This is because it is enough to see which parties are working not in accordance with the existing SOP.

    3. Providing Job-Related Information

    In its application, company SOP are all rules or stages that will be related to work. Later, this company guideline is not only about procedures, but will also contain all the possibilities that occur while working.

    This includes possible problems and obstacles that will arise during work .

    The SOP will manage all the steps when this happens. In other respects, this guide will also set out what all parties need to do, in the event of a natural disaster, for example.

    4. Work Discipline Guidelines

    The essence of the contents of the SOP is the rules that need to be followed by all parties. This rule also contains the consequences they will get if they violate.

    With this, another benefit of the company’s SOP is to create work discipline.


    Purpose of SOP

    From the benefits obtained by the existence of SOP, these rules also have a purpose in making them. Some of these goals include:

    1. Minimizing Errors

    With the SOP in effect, it is hoped that every party present will follow it and understand what they need to do.

    Later, this will be one way to minimize errors.

    2. Employees Find Out More About Their Jobs

    Regarding how to reduce errors. This is partly because every employee will understand what they need to do.

    This in addition to minimizing errors can also be a way to improve the performance of employees.

    3. New Employees Will Easily Adapt

    With this guide, every new employee will be able to immediately know what their rights and responsibilities are. They will also find it easier to know about the details of the work they need to do.

    4. Helping the Company Reach the Target

    With the SOP, one of the goals is to help companies achieve the targets they set. This guide will contain guidance on how to work effectively and efficiently.

    This will be one way to help the company achieve its targets.


    SOP Benefits

    SOP itself is one thing that companies must have. In this case because these guides and guidelines themselves have many benefits.

    The main benefit is of course to provide written guidance on what employees should do. In addition, other benefits of company SOP are :

    1. Increase Reputation

    SOP is one of the characteristics of the company’s seriousness in running a business. In the client’s eyes, companies that have clear rules are considered to know what they are doing and how to do it.

    In this case, one of the benefits of SOP is to increase the reputation or good name of the company itself. When the company runs the existing rules well, the client’s assessment will be good.

    2. SOP are Guidelines for Working

    A company certainly does not want its employees confused about what they should do. This is one of the benefits of having SOP.

    With this guide, it will really help employees to work according to their respective duties and obligations. This will make the work more effective and also avoid overlapping tasks or escaping responsibilities.

    Furthermore, the guide will also make the finished work standard.

    3. SOP is a system that will make it easier

    In connection with the previous point, the SOP will also be a system that will simplify the work in many ways. For example, if an error occurs, then the process of tracing the error will be easy.

    With this guide, all parties involved will know what they have to do, what the standards are, and to what extent.

    4. Maintaining the Company’s Characteristics

    Another benefit of implementing SOP is that they can maintain the company’s characteristics. Company SOP are guidelines that all employees must follow.

    With this guide, whoever does the work will produce a product of the same quality and standard.

    This is because each employee will not work forever. So, with the company’s SOP, it is hoped that when there is a change of employees, it will not affect the quality of production.

    5. Provide Clear Rules

    With the SOP, this indirectly also becomes a rule that all parties must follow. Everyone associated with the guidelines must make it a rule.

    Later, in the guidelines themselves, there will be rules regarding parties who do not follow these guidelines and guidelines properly.

    For example, in a company there are rules that require all employees to wear uniforms.

    When there are employees who do not wear uniforms, the SOP rules will also regulate what punishments the employee will get. In this case, this guide will also be useful as a provider of clear rules.


    Tips for Making SOP

    In every SOP preparation there are at least a few things that need to be considered. One of them is a matter of principle in the formulation of the rules themselves.

    Principles in Preparing SOP

    Because of its very important function, the making of the SOP itself cannot be made haphazardly.

    At least, in its manufacture there are several principles that need to be considered. Some of these principles include:

    1. Clear and Easy to Understand

    Because it will be a guideline and many people will use it, every rule and step in the SOP must be clear and easy to understand.

    In its application, each step in this guide must contain a detailed description so that it is easy to implement.

    In addition, the making of this guide should also use simple and uncomplicated language.

    This is to avoid misunderstandings when interpreting the meaning in the guide itself.

    2. Effective and Efficient

    One of the goals of making SOP is that all parties will easily understand what they have to do. That is why, in making this rule, it must be able to make all work systems effective and efficient.

    Every work procedure in the SOP must be made efficiently. This is to maintain the efficiency of time, energy, and of course costs.

    However, this efficiency will also be closely related to effectiveness. In this case, the company’s target must be the highest benchmark.

    Simply put, in its manufacture, the company’s SOP must be made based on the company’s own goals. This rule will be a way to realize these goals in an efficient and effective manner.

    3. Alignment

    Another principle in the preparation of SOP is harmony. One of these alignments relates to the goals of the company.

    In addition, this alignment is also related to the vision, mission, resources, and also several other things.

    4. Dynamic

    In this case, the SOP can change at any time. Of course these changes occur with prior notice.

    Changes in the rules are important because they must adapt to existing conditions.

    This is where the importance of evaluating the SOP itself. Later, any existing deficiencies can be corrected and produce new, better rules or guidelines.

    5. Measurable

    One of the goals of making SOP is to help companies achieve their goals or targets. In this case, it is this goal or target that must be measurable, both in quantity and quality.

    The measurable principle in making this rule is also important, one of which is as an evaluation material. With a clear measure, it will be easy to judge whether the existing rules are still relevant or not.

    6. Open

    One other principle that needs to be considered when making SOP is openness. That means every rule must be transparent .

    Each party must know clearly all rights and responsibilities.

    This openness also means that every rule is subject to change. When the applicable rules are deemed ineffective or no longer relevant, changes can be made.

    7. Legal certainty

    In addition to work procedure problems, SOP will also usually regulate if an error occurs. In this case, it will also contain punishment.

    Every punishment that exists must of course be in accordance with applicable law.

    The SOP will also regulate if one of the parties does not follow the applicable guidelines. Furthermore, the guidelines also regulate whether an employee can be protected or not if he or she is subject to a lawsuit.

    Tips for Preparing SOP

    In addition to paying attention to the principles as above, in making SOP there are also some tips that can be one way to make effective and good rules.

    Some tips for compiling these rules include:

    1. Determining the Right Person

    You probably already understand how important an SOP is for the company. That is why the manufacturing process cannot be arbitrary.

    Therefore, the person or team that composes this rule cannot be an arbitrary person.

    In this case, besides needing people who have writing skills, making SOP also requires people who understand the technical and non-technical matters of the company.

    In some cases, company SOP are also prepared by external parties they hire.

    2. Create Interesting Visuals

    The SOP will contain many guidelines that will serve as guidelines for many people. This will cause problems if the existing guide is only available in text or written format.

    This is because some people actually understand better when they see pictures.

    In addition, the visual function of the SOP is to make people interested in reading it. A guide that contains lots of rules and guidelines will be very boring if it’s just text or text.

    3. Pay attention to the writing style

    In this case, always pay attention to who your target is. The mistake that often occurs is that the SOP is made with writing or language style that is not in accordance with the target.

    Even though they have the same goals and objectives, the guide for the engineering section cannot be the same as the guide for the finance section. This is because the understanding of each person will be different.

    If this happens, it will only cause confusion in the translation of the guide itself.

    To avoid this, it is better when making SOP each division or section participates. This is useful for equalizing understanding and also creating more detailed guidelines.

    4. Pay Attention to Work in the Field

    In this case, every SOP making must pay attention to who will use it and also how it will be implemented later.

    Also make sure if you use it later it doesn’t cause other problems.

    That is the importance of paying attention to any existing guidelines. That way, when you create a new guide, you can learn what is missing. To be repaired later.

    5. Do Testing Before SOP Launch

    It’s a good idea, before the SOP becomes a fixed rule, do a test for a certain time. This is useful for assessing whether the new rules have met expectations or not.

    In addition, this test will also assess how the response from employees or related parties. Like, whether this new rule makes it easier or makes it more complicated.

    6. Make Sure Every Rule Has A Reason

    In each rule will definitely raise questions about why you made the rule. Here, then you need to provide answers to these questions. Give a reasonable reason why the rule exists.

    Don’t let anyone think that the rules are made only to benefit the other party.

    7. Make Sure All Parties Agree

    Since the implementation of this SOP will be a shared responsibility, it is also quite important to ensure that all parties involved agree on the rules. This agreement is also to avoid the emergence of conflicts in the future.

    8. Always Review Existing SOP

    The current rules are an improvement over the previous rules. It also confirms that the current rules are still subject to change.

    This could be because the rules are no longer relevant, conditions have changed, or other factors.

    This is where it is important to always monitor any applicable rules. If it is felt that there are many shortcomings, then the rules can be immediately changed.

    Of course, each of these changes must also be known by all parties.

    SOP Example

    In its use, of course the SOP of each company will be different. This will depend on the prevailing work culture in the company.

    However, in essence, each of these rules will have the same goal.

    Here are some examples of SOP that you can learn:

    Example of Company SOP on Computer and Internet Use

    Title STANDARD OPERATING PROCEDURE FOR USE OF COMPUTER AND INTERNET
    1 Background 1. Each employee is given a computer which is the office inventory
    2. Every computer is connected to the internet provided by the office
    3. Control the use and utilization of computers and the internet in the work environment during working hours.
    2  Destination 1. Optimizing the use of computers and internet for office facilities for work purposes.
    2. Use of computer and internet office facilities for the right things.
    3 Scope Use of computers and internet for each employee
    4 Responsibility 1. IT Department
    2. Spv of each section
    3. Every employee
    5 Work Units Involved 1. IT Department
    2. Internal Audit
    6 Implementation Procedure 1. Every employee uses the office computer and internet only for work purposes and not for other purposes outside of work.
    2. Each employee is responsible for the office inventory computer that each uses.
    3. File storage on each computer is arranged as neatly as possible. Use clear folder names.
    4. Perform anti-virus scans periodically. Use an anti-virus that is already available
    5. If there is any discrepancy or damage during use, immediately contact the IT Department.
    6. If you feel the need to improve the quality of the device, then carry out the submission procedure with the knowledge of the IT Department
    7 Recording Internal memo to each division.

    Furthermore, each SOP will be signed by the maker, examiner, and those who approve.

    After the SOP is published, it will become the applicable guidelines and rules.

    Sample Company SOP on Uniforms

    In addition to the format as before, usually this rule will also be spread in a simpler format. Usually in this format, the information provided is only about the implementation procedure.

    Usually this is the format that employees see most often. Here is an example:

    STANDARD OPERATING PROCEDURE

    About: Uniform Use

    1. Every employee is required to wear the official uniform that has been determined.
    2. Every employee is required to use an ID Card while in the work environment.
    3. Each employee may only wear black or dark colored shoes.
    4. Every employee is prohibited from using excessive accessories during work.

    That’s an example of a Standard Operating Procedure for uniform use. Rules with this format are usually the ones that will be distributed and pasted in places that are easily read by many people.

    In the rules, this format usually only contains the signature of the maker or person in charge of the rule.


    In addition to the format as above, there are several other formats of making this rule. For example, using images.

    Usually this is for guidance on technical matters. By using images, the hope is that users will become easier to understand.

    In addition, the current guide format also uses audio-visual media. This is to make distributing this guide easier.

    In addition, this format is also considered more effective, because in addition to hearing and seeing directly, users can also choose to see only or only hear.

    In addition to making it more interesting, some places also make this SOP format in the form of animation. Although the format is different, but the purpose of making this guide remains the same.

    Its main goal is to make it easier for users to do what they need to do. This guideline is also useful for providing clear boundaries.

    If it is associated with company SOP, then the goal is that each party or division knows what their duties, responsibilities and rights are. Later, this will be the basis and benchmark in each of their work.

    SOP can also be a reference standard for any existing work. In addition, SOP will also be very useful to inform all parties about what they should do when something happens such as a natural disaster or fire.

  • The Position & Role of the CEO in a Company

    The Position & Role of the CEO in a Company

    You must have heard the term “CEO” before, right?

    Especially if you are quite active in socializing on professional social media such as LinkedIn, you will often come across several profiles of individuals who have CEO positions in the companies where they work.

    Whether it’s for companies whose names are already quite large in Indonesia, as well as new companies that have sprung up recently.

    The CEO position is often synonymous with the highest position in the company.

    So, what exactly is the function of the CEO position?

    Is it different from the position of director and other high positions?

    Come on, let’s look at the following brief review.

    What is a CEO?

    CEO stands for Chief Executive Officer .

    This position is the highest position in the company’s organizational structure, and is usually found in almost all startup companies .

    Usually, a startup company founder also holds the role of CEO in the company.

    However, if a company has a group of shareholders, often the position of CEO is determined by the results of the agreement of the shareholders.

    The Chief Executive Officer of a company is tasked with leading & directing the company, so that it is in line with the vision & mission that has been determined by the company owners/shareholders.

    The CEO has full control over the company’s business activities, including determining the top-level strategies that need to be carried out to develop the company.

    From his duties, the position of CEO actually has similarities to the position of the President Director and the position of the President Director.

    Qualified CEO Character

    Then, can everyone become a CEO?

    Well , because the CEO’s role is very crucial in a company, the company owners/shareholders must be really observant in choosing the CEO that fits their vision and mission.

    Here are some of the characteristics of a CEO who is usually quite reliable in managing a company:

    Able to work together ( teamwork )

    A good CEO is certainly a good team player too.

    The reason is, in leading a company, the CEO must be able to build solid teams , proficient in their fields, and able to communicate with each other.

    A CEO must also be able to be a good listener, and also know who people need to talk to if a problem occurs.

    Quick to adapt ( adaptability )

    The mindset of a good CEO should not be rigid, and be able to quickly change according to circumstances.

    Not only that, the CEO must also be able to learn from past events, and make policies that can mitigate the occurrence of undesirable things.

    Always reliable ( reliability )

    A good leader is a leader who can always be relied on.

    For example, if there is a problem with the company, a CEO must be able to show calm and maturity; not easy to panic & not easy to lose control of his emotions.

    A CEO must be able to estimate the location of the source of the problem, what things can be prepared to overcome it, and who needs to be contacted to immediately resolve the problem.

    That way, the CEO will always get the full trust of the employees, and they will always be ready to accept & carry out all the directions given properly.

    Able to see far ahead ( foresight )

    Just as a business owner is able to see future business trends , a CEO should also be able to predict the business situation in the future.

    At least for the next 1-2 years.

    For example, when the company plans to open a new branch outside the city or abroad, will this have a good impact on the company?

    Or even have a bad impact?

    A CEO needs to have the ability to understand, and read insights about the business situation in the future.

    This is useful so that companies can take advantage of opportunities and also mitigate business risks.

    Have a good character ( decency )

    In addition to the characters above, a CEO should also have a good character.

    For example, by not taking actions that have the potential to violate the law, or issuing policies that complicate the conditions and welfare of employees.

    A good CEO will always prioritize the human factor first, before making decisions related to the development of the company.

    CEO Can Be Changed?

    Then, can a CEO, whose role is very important in a company, be replaced?

    The answer is yes.

    A CEO is someone who is chosen by the owners/shareholders of the company to run the company according to their vision & mission.

    If the owners feel that there are other prospective individuals who are more experienced, or whose leadership style is more in line with the business concept, then they may appoint a new CEO to replace the role of the previous CEO.

    Usually, if a company’s growth slows down, shareholders will appoint a new CEO to improve conditions in the company.

    However, the change could also occur because the old CEO decided to resign for other reasons.

    For example, recently PT Esteh Indonesia Makmur also changed its CEO.

    Artist and young entrepreneur Nagita Slavina was appointed CEO of Esteh Indonesia last July, replacing Haidhar Wurjanto. Haidhar himself is the founder of Esteh Indonesia.

    The two CEO figures are both quite successful entrepreneurs at a young age.

    Haidhar has other food & beverage businesses such as Momo Milk, Raindear Coffee & Kitchen, Cakekekinian, Forestthree Coffee, and Esteh Indonesia.

    Meanwhile, Nagita Slavina is also experienced in managing the various businesses she owns.

    Examples include RANS Entertainment, Frame Ritz and RA Picture production houses, RANS Living, Nagita Slavina Cosmetics, and many others.

    The ability to manage various businesses and companies, as well as their business experience so far, make these two individuals who are suitable for holding the CEO position.

    Conclusion

    Like a captain who leads a ship, a CEO has an important role in a company.

    Many things and high-level strategic decisions a CEO needs to make. Therefore, it must be someone who is truly experienced who is able to carry out these tasks.

    The CEO must also be able to be a bridge between the daily operational activities of the company and the owners/shareholders of the company.

    CEO turnover is not always due to improve the company’s unstable condition. However, it could be because there are other changes that need to be made within the company.

    Whoever is chosen, whether from the business community or celebrities, as long as that person has the skills & knowledge needed, and is in accordance with the vision & mission of the shareholders, then that person is suitable to be a CEO.

  • Emergency Response Plan Planning to Face Potential Disasters

    Emergency Response Plan Planning to Face Potential Disasters

    Emergency Response Plan Planning to Face Potential Disasters – In this very dynamic world, apart from the challenges of globalization and business competition, industry players and society are also faced with unavoidable potentials, namely the potential for disasters. Disasters in this case include fires, riots, earthquakes, floods, tsunamis, volcanoes, and other things. In Indonesia, which is an archipelagic country, most of the land is located in an active tectonic plate line, which is known as the Ring of Fire. This shows that islands that cross this line, namely the islands of Java, Sumatra, Bali, and Papua are at risk of experiencing a higher frequency of earthquakes due to tectonic shifts, as well as the potential for active volcanoes.

    Because natural disasters generally occur suddenly and cannot be avoided, therefore the company management needs to prepare a risk assessment and concrete planning to deal with disasters. For this reason, an emergency response planning management system needs to be carefully prepared by the company as an emergency response to a disaster that occurs.

    Emergency Response Plan (ERP) is defined as an Emergency Response Plan, which is a plan document that contains the necessary procedures to be carried out in the event of an emergency. So in the plan, there are instructions and complex solutions regarding all actions and prevention in emergency situations experienced by the company, workers, employees, and the surroundings.

    Why is Emergency Response Plan important?

    The Emergency Response Plan acts as the first response action that needs to be taken in responding to and dealing with an incident. Some of the processes contained in this ERP are designed to be implemented in the early minutes of an emergency. In making ERP, companies generally carry out a risk assessment followed by determining various possible emergency scenarios, where in every emergency situation they must have a first action / response plan specifically designed to mitigate and minimize risk.

    Through a good Emergency Response Plan system, all parties related to the company/employer can experience several benefits, including:

    1. Raise awareness of the importance of preparedness in dealing with various emergencies
    2. Facilitate hazard control, evacuation process, and help respond to potential hazards that occur within the company
    3. Useful for preparing to reduce the various impacts that occur as a result of a disaster
    4. Able to coordinate what efforts will be made so that it goes well and correctly
    5. Help reduce the cost of losses from a disaster or emergency in a company
    6. Assist as input (feedback) on the development of existing ERP systems sistem

    Important Aspects in Emergency Response Plan Planning

    The Emergency Response Plan (ERP) must be made in such a way as to be able to handle emergencies, especially in the workplace. For this reason, in this article, We will discuss important aspects that need to be considered in making an Emergency Response Plan based on OSHA regulations:

    ERP planning must be made in writing, stored in the workplace both hardcopy and softcopy so that it can be accessed by all employees. Companies with less than 10 employees can communicate ERP verbally.

    ERP planning should include:

    1. Procedures for reporting fires or other emergencies
    2. Procedures for emergency evacuation, including the type of evacuation and the determination of exit routes
      using floor plans or workplace maps that clearly indicate emergency exits
    3. Color coded as an exit route guide, in order to assist employees in determining the nearest exit route
    4. Procedures that must be followed by employees regarding machines or other equipment in the workplace or factory that are important to be turned off before the evacuation process
    5. Provision of backup power supplies, power plants such as generator sets , availability of water supplies, and other essential services for emergency situations
    6. Procedures to account for all business processes and employee safety after the evacuation process
    7. Procedures to be followed by rescue workers as well as medical personnel
    8. Ensure the availability of information regarding the name or position of the PIC that can be contacted by employees who need more information about ERP to find out the tasks / actions required
    9. Maintenance of the alarm system as the main notification device for employees in emergency situations
    10. Provision of training and appointment of PICs to help the evacuation process run smoothly, safely and in an orderly manner
    11. Ensure a sufficient number of employees to act as evacuation assistants in times of emergency
    12. One evacuation assistant employee for every 20 other employees is considered sufficient
    13. The company/employer is responsible for adequate employee involvement and knowledge regarding the evacuation process, which includes knowledge of facility layout, exit routes, nearest shelter (both indoor and outdoor), and awareness of employees who may be in need of additional assistance
    14. Regularly review and update ERP, especially for facilities that are undergoing renovations or other changes to building structures

    In planning the making of an Emergency Response Plan, the company / employer can also discuss or consult with ERP experts, as well as with the related building management to ensure procedures for disaster scenarios, both in terms of actions, availability of safety tools and equipment , emergency exit routes, and others. This aims to provide the maximum possible convenience and security for all workers, as well as carry out a risk assessment to minimize other impacts that may arise.

  • Understanding Process Management

    Understanding Process Management

    Process management is the most important part of any process development and improvement effort. So process management is a way or action in dividing, allocating programs to be executed so that they are not messy and run well as they should. In its function to develop and increase the degree of efficiency and effectiveness, process management is also one of the most potential work tools in an effort to increase customer satisfaction values.

    In the end, it will also be able to increase profits, business growth and the continuity of the business life cycle of the corporation/company itself. Many work organizations are motivated to manage various activities of their work organization functions by using a process management approach which consists of five main dimensions. The focus of the five dimensions of process management is on the functions of quality, efficiency, response to time, work activities and process costs.

    To get maximum corporate/company business profitability, work organizations must think about reducing process costs, reducing product/process failure rates, and working together to develop and improve product/process quality. Therefore, process management is a strategic work tool that can be utilized for this purpose.

    1. Process mapping
    2. Process diagnosis
    3. Process design
    4. Process implementation
    5. Process maintenance

    Process mapping is one of the most important initial activities in process management whose function is to define processes and capture strategic issues. Process mapping is also part of the control functions of process design and development of initial work activities. When the objectivity and defined process functions have been fulfilled and documented, the diagnostic activity can be carried out.

  • Kakeibo, Japanese Tricks to Manage Finances

    Kakeibo, Japanese Tricks to Manage Finances

    Kakeibo is a Japanese concept art of financial management that teaches us how to save more by reducing the amount of spending each month.

    Why learn from Japan’s Kakeibo?

    Hundreds of years ago, Japan was famous for its agricultural production in the traditional way. Japan has changed now, even famous for its very advanced technological developments.

    Japan is the country with the highest cost of living in the world. This phenomenon occurs because the level of competition between residents is hard. That is why Japanese residents are required to manage finances as perfectly as possible. This is where Kakeibo comes into play

    Instead of buying new trending clothes every month, they are better off squandering the extra cash and collecting it to buy more than just clothes.

    Understanding Kakeibo: Origins, Recording Plans, Targeting Savings, and Character Discipline

    Kakeibo is basically a concept of managing finances where we are required to record all our income, our expenses in detail. Kakeibo does not use applications or technology in its financial records, but instead writes with a notebook.

    The main goal of this financial record is to achieve the target of how much money is saved at the end of the month. The average person who implements the Kakeibo financial system is able to accommodate up to 35% more money

    Fumiko Chiba, a Japanese writer who wrote the book “Kakeibo: The Japanese Art of Budgeting Saving Money. Fumiko stated that the challenge in Kakeibo is to manage hard, be more disciplined to reduce the amount of non-essential expenses, then focus on habits and decisions.

    Kakeibo became famous in 1904. It was a Japanese journalist, Hani Motoko, who had popularized Fumiko Chiba’s book Kakeibo and attracted the attention of many people.

    Chiba also said that Kakeibo was made to make things easier for women. Especially housewives. Kakeibo gives freedom to women, meaning that women can be trusted to make wise decisions in managing finances even in the traditional way.

    The basic understanding of Kakeibo is to get rid of the thought of how to buy the things you want to buy. Replace these thoughts with more attention to other things that are more important.

     

    4 Basic Questions In Kakeibo

    Before starting to apply Kakeibo, there are 4 questions that must be answered first. Everything must be answered in order, not randomly or swapped

    1. How much money do you have? / How much do we earn each month?
    2. How much would you save? / How much target money do you want to save?
    3. How much do you spend? / How much do you spend each month?
    4. How can you make things better? / How do you make things better?

    Starting from the first question to the last is the order of the process of managing Kakeibo’s finances. The last question is the stage where you have to do an evaluation at the end of every month, if something goes wrong.

    For example, your initial target is that you can save 200 usd per month, but after calculating you only get 150 usd. Then you should start evaluating your financial records .

    Maybe you still spend too much money to hangout  with friends or other reasons. So in the next month, you try not to do the same thing in order to reach the savings target.

     

    4 Kakeibo Budget Allocation Posts

    1. Survival / Basic Necessities

    Which includes basic needs: Food, clothing, transportation, internet quota, vitamins & medicines, masks, toiletries, debt.

    1. Optional / Secondary Need

    Which includes secondary needs: Eat at a restaurant, snacks, buy clothes that are trending , home decor knick-knacks, new gadgets , hobby supplies, and vacations.

    1. Culture / Educational needs and add insight

    Which includes educational needs: Books, courses, visits to museums, magazines/newspapers.

    1. Extra / Additional production

    Which includes additional expenses: Wedding or birthday gifts, vehicle service, doctor fees, assistance to the needy (Alms)

     

    Recording Income, Expenditures, and Savings Targets Every Month

    Applying Kakeibo requires two notebooks, namely a large notebook and a small notebook.

    A large notebook is useful for recording all income, expenses and savings in detail.

    While a small notebook is useful to carry wherever you go so that when you are shopping, you immediately record your expenses right away so you don’t forget and are accurate.

    Large notebooks should reflect the following:

    1. Monthly Income Plan

    You can make notes in the form of bullets or tables. You must keep a record of your income.

    Starting from basic salary, bonus salary, debt repayment, sales, and so on, everything is recorded at once along with the date on which you received the income.

    1. Set aside savings

    Savings records are divided into two, namely monthly savings and daily savings. Monthly savings are recorded in the form of targets. Create a record table containing date, description, monthly and daily.

    For example, a monthly savings target of 500 thousand, after that we make it in another column of this month’s calendar from the 1st – 31st. Every time we save money in a day, then cross out the stairs on that day.

    The purpose of this daily savings is so that our savings will increase. Prepare an envelope to enter daily savings. While monthly savings are taken at the end of the month, which is the rest of our money.

    1. Pay debt

    Expenditures to pay debts must be set aside from the beginning of the month, so they are not mixed with other expense records.

    1. Allocate 4 Expenditure Budget Items

    Record all expense categories in separate tables. For example, in the table of Basic Needs (survival), sub-categories are also included. For example, eating, how much food was spent on that day and continued to be recorded until the end of the month.

    Other categories of needs are also recorded in their respective tables. That’s what a little notebook is for. Then in the big notebook, there is one big table that summarizes all the total records of each need.

    1. Prepare 5 Envelopes

    The envelopes are divided into savings target envelopes, basic needs envelopes, secondary needs envelopes, educational needs , and additional needs. Each envelope contains approximately how much money is needed to meet these needs.

     

    End of Month Evaluation and Consistency

    One of the most difficult to implement is the application of a disciplined and consistent character. Kakeibo requires us to be disciplined in managing our finances. Demanded to be wiser in spending money.

    All records of both income, expenditure and savings are intended so that we know accurately the amount of our money. Usually people will not realize that they have bought a lot of clothes, then after that the money just seems to disappear for some reason.

    With records, we know where the money has gone, so when buying expensive things that are not needed, feelings of regret grow.

    The evaluation process at the end of the month is a warning to ourselves that we need to improve ourselves. The process of forming this character will definitely not be easy, and it will take a long time for us to keep ourselves consistent and disciplined.

    But believe me everything will feel worth it. In the end the savings will be useful for us in the future.

    Thus the article about the hormone of happiness from  Tumbooh.com , please share it with your friends if this article is useful. thanks.

  • Reach Your Target using the SMART Method

    Reach Your Target using the SMART Method

    The SMART goals method is one method for making goal setting . The word SMART comes from the words Specific , Measurable , Achievable , Relevant , and Time-bound

    The use of the SMART method will make the target look more clear and specific. In addition, the use of this method will also make it easier for someone to know the progress. 

    For this reason, many businesses also use the SMART method.

    Metode SMART Goals

    So how do you make SMART targets? Check out the following explanation, come on!

    metode smart

    1. Specific

    The first stage is specific. When you set a goal, be specific about it. 

    Avoid writing targets that are general and ambiguous. Make the target in detail and describe it clearly. 

    In making a specific target you can formulate it using 5W.

    • Who : Who is involved in this target?
    • What : What target to achieve?
    • Where : Where do you want to achieve this target?
    • When : When will this target be achieved?
    • Why : Why should achieve this target? 

    2. Measurable 

    A target must be measurable . This means whether the target you want to achieve has progress from time to time. 

    To find out this progress, you can ask yourself questions like what are the indicators of success and how do you know if you have achieved the target. 

    Measuring this progress is not only useful for knowing progress. This step can also be a reminder whether you are still on the right path to achieving your target or not. 

    In addition, you can also use this stage as a guide to determine the next step. 

    3. Achievable

    There are some people who have big dreams . However, there are also some people who are afraid to dream too high. 

    A good target is an achievable target . This means that you can achieve that target. Not too easy but not too difficult either. 

    An achievable target will make someone feel challenged to achieve it. However, there is still a possibility to achieve it. 

    Then how do you determine achievable targets . Try asking yourself. Do I have the ability to achieve this target? If not, what am I missing?

    4. Relevant

    SMART targets are relevant targets. 

    Sometimes when we have a target, we will try hard to achieve that target. Unfortunately, we become oblivious to our other targets. 

    As a result, chaos ensues. The target you are fighting for turns out to be irrelevant and actually destroys other targets. 

    Therefore, there are tips so that the targets you make are relevant to other targets you want to achieve. Ask yourself.

    • Is this the right time to reach that target?
    • Could this goal be useful?
    • Am I right to reach the target?
    • Are these targets in line with other targets that you want to achieve?

    5. Time-bound

    A SMART goal must also be time-bound . This means that there is a certain duration to reach a target. 

    You need to determine when you will start the target and when the target must be completed. With this time limit , there will be urgency to complete the target. 

    In other words, this time limit can be self-motivation in order to achieve a target. 

    Closing

    So, those are the 5 SMART goals methods from Sinaumedia . You can use the method above when you want to determine the target you want to achieve. These SMART goals not only make targets clearer but also make targets more structured.