What is meant by Targets?
The term "target specifications" refers to concrete, measurable goals set within a company or organization to guide and improve performance and development. Target specifications serve as reference points for employees and managers, helping to set priorities and measure progress.
Typical software functions in the area of "target specifications":
- Goal Definition: Creation and formulation of specific, measurable goals.
- Hierarchical Goal Structure: Linking corporate, departmental, and individual goals.
- Progress Tracking: Continuous monitoring and updating of goal achievement status.
- Performance Indicators: Integration of KPIs to measure goal achievement.
- Goal Agreement Process: Workflow management for aligning and approving goals.
- Reporting: Generation of reports on goal fulfillment and performance analysis.
- Reminder Function: Automatic notifications for deadlines and milestones.
- Goal Evaluation: Tools for evaluating and assessing goal achievement.
Examples of "target specifications":
- Increase revenue by 10% in the next fiscal year.
- Reduce customer complaints by 15% within six months.
- Introduce three new products by the end of the third quarter.
- Improve employee satisfaction by 20% according to the annual survey.
- Reduce production costs by 8% within a year.
- Increase customer retention rate by 5% in the coming fiscal year.