In your journal describe how and why you established goals Explain the value of

In your journal describe how and why you established

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In your journal, describe how and why you established goals. Explain the value of personal and team goal-setting in an organisation. Vision Statement: Within 5 years, “MY CAFE” will have established itself as a premiere provider of best coffee and food for ethically and socially aware coffee drinker in the society. “MY CAFE” will have expanded to a number of key locations in the Commercial Business areas. Mission Statement: “MY CAFE” provides a unique and compelling café experience for the discriminating and socially aware coffee drinker. “MY CAFE” provides: High quality, fair trade, coffee Superior hot and cold gourmet food and beverages Consistently high level Goals Goal 1 - Increase of coffee sales of 15% by December 2019. Goal 2 - Serve 5 % of beverages made in our stores in personal tumblers. Goal 3 - 10 new customers by the end of the quarter. © 2015 Innovation and Business Industry Skills Council Ltd 1 st edition version: 1 Page 5 of 16 Business Goals (Vision+Mission)
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Assessment Task 1 BSBWOR501 Manage personal work priorities and professional development Goal 4 - Expand the business to other 2 locations in Melbourne by the end of the year. These goals can describe what the company plans to accomplish in terms of market share, growth and profitability. Goals may also be set for internal measurement like expanding staff or boosting employee morale. Businesses should aim to have goals that are specific, measurable, attainable, relevant and timely. There are many benefits to setting goals. Set goals using the SMART principle: specific, measurable, attainable, relevant and timely. S – Specific (or Significant). M – Measurable (or Meaningful). A – Attainable (or Action-Oriented). R – Relevant (or Rewarding). T – Timely (or Tractable). This will enable employees to gauge their progress, see how their efforts are having an impact and assess how far they have yet to go to reach the goal. Employees who clearly understand their individual goals- and how they relate to those of your company-naturally become more engaged with their work. Once employees see how they can make a direct contribution to your company's success, they begin to focus on finding ways to work smarter and more efficiently. This boost in employee productivity will naturally lead to increased operating margins and profitability for your company. 3. Develop KPIs to measure performance related to work goals. In your journal, describe: a. How the KPIs will be used to measure goal-related performance. © 2015 Innovation and Business Industry Skills Council Ltd 1 st edition version: 1 Page 6 of 16
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Assessment Task 1 BSBWOR501 Manage personal work priorities and professional development Develop KPIs to measure performance related to work goals Number of complaints per month from 1/1/2018 – 31/12/2018 Number of coffees made without using cups from our store Percentage of customer satisfaction Track net profit of existing café - I will try to diminish the number of complaints and keep satisfied the customers to increase the sales.
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