Objectives give more than direction. They offer a marketing framework around which you can build your law firm. If you want to do things right, then your goals should follow the SMART formula, which means they should be Specific, Measurable, Attainable, Realistic and Time specific. A key differentiator between successful and unsuccessful firms is setting goals, writing them down, monitoring them and ensuring that you do all you can to achieve them.
Hammerson is a major British property development and investment company which owns a portfolio of retail property assets in the UK and France. The portfolio, which is valued at £5.5 billion, includes 20 prime shopping centers, 22 convenient retail parks and investments in nine premium designer outlets.
In a law firm, the partners’ objectives must be deeply rooted in the firm’s values and culture. Therefore, there have been set in place processes of planned evolution in which the roles of the partners can be developed at the same time as progressing the linking of partner targets to their ultimate compensation or profit share.
Vodafone, a world leading mobile telecommunications company, provides a wide range of communication services: voice calls, SMS text messaging, MMS picture and video messaging, internet access and other data services. Vodafone believes that corporate responsibility (CR) issues are most effectively managed as part of core business processes and therefore, it is managed within the Group’s mainstream management systems and responsibility allocated to operational line managers.
Key performance indicators are used to monitor key processes and activities, being meant to offer valuable insights on the overall performance of a company. KPIs also help improving the core actions of the organization, allowing thus managers and decision makers to attain the desired outcomes.