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EDE Practical No. 15

This document outlines short, medium, and long-term goals for starting a small-scale enterprise. Short-term goals within 0-6 months include increasing market share, profits, and community outreach. Medium-term goals within 6 months to 2 years add developing new products and services, and building a strong customer base. Long-term goals over 2 years focus on expanding the business, increasing efficiency, and building a strong brand. The document provides examples of goals for different timeframes to help plan and measure the progress of a new small business.

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Fiza Pathan
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727 views2 pages

EDE Practical No. 15

This document outlines short, medium, and long-term goals for starting a small-scale enterprise. Short-term goals within 0-6 months include increasing market share, profits, and community outreach. Medium-term goals within 6 months to 2 years add developing new products and services, and building a strong customer base. Long-term goals over 2 years focus on expanding the business, increasing efficiency, and building a strong brand. The document provides examples of goals for different timeframes to help plan and measure the progress of a new small business.

Uploaded by

Fiza Pathan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Practical No: - 15

Prepare a set of short, medium- & long-term goals for starting


a chosen small-scale enterprise
Theory: -
At the most basic level a ‘Goal’ is a desire, objective or outcome you wish
to achieve.
Short-term goals: -
The short-term goals (0-6 Months) are: -
1. Increase market share.
2. Increase community outreach.
3. Maintain profits.
4. Reduce energy/Decrease tools necessary for
operation.
5. Grow shareholder value.
6. Increase percentage of sales made with new
products/product feature.
7. Invest in quality management.
8. Focus on leadership skills for team members.
9. Maintain or decrease debt.
10. Balance budget for x period.
11. Calculate and Create the Best Value of Product.
12. Make Product More Reliable/Create a Reliable
product
13. Cross-Sell to Long Term Customers.

1
Medium- term goals: -
Medium term goals (6 months-2 years) are: -
1. Increase market share.
2. Develop a new product or service.
3. Reduce cost.
4. Implement an employee program.
5. Increase shareholder value.
6. Build a strong customer base.
7. Establish partnership.

Long-term goals: -
Long term goals (2+ years) are: -
1. Expand the business.
2. Build a strong brand presence.
3. Increase operational efficiency.

Conclusion: -
We can prepare a short, medium & long-term goals for a chosen
enterprise.

Marks Obtained Dated Sign. Of


Teacher
Process Product Total (25)
Related (15) Related (10)

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