Business Goals
Financial Goals of Überbartools
Social Goals of Überbartools
Personal Goals (Michael Silvers’ goals)
How the business and individual achieves their goals
Überbartools uses S.M.A.R.T goals.
These strategies help motivate the partners and employees to succeed the goals of the business.
- To achieve a growth rate of 10% increase every year until the 2017/2018 financial year.
- To invest in new bartender and kitchen equipment to solve touchstone issues, this includes a completely new product range and innovating the original product range.
- To increase employees’ salaries by 2% by the 2017/2018 financial year.
- To constantly have an average of 20% profit of every good sold
Social Goals of Überbartools
- To follow and use SEDEX as Überbartools guide in the business world.
- Überbartools is a member of SEDEX, which stands for Empowering Sustainable and Ethical Supply Chains. This is a non-profit organisation, which is committed to easing the workload on suppliers and to improve the ethical performance of global supply chains.
- To have a more environmentally sustainable workplace, for instance save electricity in all Uberbartools locations.
- Überbartools uses recycled paper in all their workplaces.
- Mr Silvers stated that the company has reduced the amount of paper, as stakeholders are able to email rather than using the post.
- Überbartools has a water tank in Sydney, Silvers said that his company is considering have one in Canada.
- To make the warehouses in Australia and Guangzhou more environmentally sustainable, this includes limiting the amount of waste and pollutants.
Personal Goals (Michael Silvers’ goals)
- To improve my general health, this may be to reduce my hours and dedicate time to the gym.
- To have far better management qualities for instance having greater leadership skills, in addition to reconciling the conflicting interests of stakeholders.
- To have enough money so I can retire in ten years and to be able to sustain my current lifestyle.
How the business and individual achieves their goals
Überbartools uses S.M.A.R.T goals.
- Firstly, the business aligns its goals with the values of Überbartools, they include: innovation, functionality, collaborative partnership, commercial benefits, consistent, connection, specialist, quality, industry desired. The financial and social goals are connected to at least one of these values.
- Secondly, Mr Silvers and Mr Tam set goals together with the aim of achieving them within a certain time-frame.
These strategies help motivate the partners and employees to succeed the goals of the business.