Part - Introduction To Business - ثاني ثانوي

Life-Span Plan Life-Span Plan Project: Part 2 Learning Outcomes Once you have completed this lesson, you should be able to: Explain what SMART goals are and the importance of making them when creating future plans Define personal goals and explain how they impact life-span plans Key Terms Life-span plan Personal goals SMART goals Focus on REAL LIFE "What are you up to, Nura?" Fatimah asked her older sister. "Are you still working on your life-span plan?" "That's right," Nura replied. "I've decided to improve it by making sure that all the decisions I make are SMART! That way, I have more chance of setting clear and reachable goals and achieving my dreams in life." "What do you mean? You never make silly decisions?" said Fatimah. "Not smart as in clever, but SMART as in well thought out! If my goals are clear and reachable, I am more likely to achieve them. I expect there will be challenges and changes along the way but if I start now, it will prepare me for the journey ahead." Fatimah said, "But if your plans change, then what is the point of making them so clear?" "It's an invaluable exercise," replied Nura. "Whatever decisions you make, the skills that you learn now will help you stay organized, make decisions, and find solutions to problems in every area of life!" LIFE-SPAN PLANNING In Part One, we were introduced to Nura, who was discussing her life-span plan with her younger sister, Fatimah. Nura said to her sister: "Now's the time to think about what I want to do in the future ... I need to set some goals and figure out how I'm going to achieve them.” In Part Two, we will continue to develop the idea of the life-span plan, with a particular focus on SMART goals. The Life-Span Plan Project will help you see how you can start planning for the rest of your life. Completing the project will help you develop skills you can use to make better decisions throughout your life. وزارة التعليم Your Personal Goals · Personal goals are the things that people want most to achieve in their lives. Some are short-term goals that they hope to achieve within a year. Others are long-term goals that will take many years to attain. Individuals' goals are likely to involve family, living conditions, education, careers, community, and many other aspects of their lives. The goals you set for yourself are based on your personal values, your hopes, and your aspirations. If what you learn about setting goals helps you make better educational and career choices, then you may be able to earn a greater income and be more satisfied with your life. This will also allow you to provide a better standard of living for a family. Life-Span Plan Project | 177 Ministry of Education 2024-1446

A Life-Span Plan . . . . . Think of your life span as a straight line that contains the important events of your life cycle, such as preparing for a career, raising a family, or enjoying retirement. When you are young, you will set long- term goals that you want to achieve over a period of years during your life span. As you get older, your priorities are likely to shift, and your goals and aspirations will evolve over time. Successful people create long-term plans for how they can achieve their life-span goals. These plans are called life-span plans. In Part One, we introduced a life- span timeline for Nura, illustrating the relationship between a life span and events in a person's life cycle. Everyone has a different life-span timeline, as each of our lives takes a different course of events. In Part Two, we will focus on creating plans that utilize Specific, Measurable Achievable, Relevant, and Time bound goals to provide direction and maintain focus. CHECKPOINT How do personal goals impact your career choice? FIGURE 1 SMART GOALS specific measurable attainable relevant CREATING SMART GOALS A SMART Life-Plan For Nura In Part One's Life-Span Plan Project, we learned how Nura envisages a career in the art world, perhaps working in a museum or gallery. She also considers herself an entrepreneur, and dreams of owning a gallery to showcase and sell the works of local artists. Since creating her life-span plan, Nura has gained more experience volunteering in a local art museum and networking with Saudi artists from the region. She is determined to set up her own art business and start putting her plans into action. However, she is increasingly interested in how she might utilize technology, such as social media tools, virtual reality exhibitions, and online payment options in her business. She is also passionate about making her business green and sustainable, with minimal impact on the environment. What's more, Nura wants to ensure that she will be able to successfully juggle running her business with raising a family. What Nura needs now is to create a set of clearly defined goals that will help focus her to achieve her long term aims. These plans must be SMART as illustrated in Figure 1. SMART goals are used to ensure valuable resources are not wasted. An example of how personal goals could be formed using the SMART principle is shown below: Specific The personal goal must have clear, qualitative outcomes and explain clearly what must be achieved. Specific goals must answer questions like: Exactly what needs to be accomplished What steps must be completed to achieve the final goal LI P178 | Life-Span Plan Project Ministry of Education 2024-1446 timely

A specific personal example could be: Specific To gain experience of using social media tools, virtual reality and online payment systems by volunteering and working in existing businesses. Measurable If the personal goal does not have any measure of how much experience or when the experience must be gained by, it is difficult to track your learning, or know whether you have learned enough. Nura knows she wants to gain experience of social media, virtual reality and online payment systems, but how much experience does she need? When will she have enough experience. To make this objective measurable, Nura must use some time- or number based benchmarks so she knows when the goal has been achieved. Measurable To gain experience of using social media tools, virtual reality and online payment systems by volunteering and working in existing businesses, creating and managing two social media, virtual reality-based campaigns on four social media platforms, setting up the payment system and tracking the financial outcomes from start to finish. Achievable When setting goals, it is often possible to set unrealistic and unachievable goals, such as having a 100% success rate, or making $1 million profit in the first year. It is important that the objective is something that actually can be achieved. When reviewing the goal, you may think that the goal is too optimistic and may not even be possible to complete. For example, the museum where Nura is volunteering only uses two social media platforms and online payment systems are processed centrally, وزارة التعليم Ministry of Education 2024-1446 • therefore it may not be possible to achieve the goal. The goal must therefore be reviewed and amended. Achievable To gain experience of using social media tools, virtual reality and online payment systems by volunteering and working in existing businesses, creating and managing two social media, virtual reality-based campaigns on two social media platforms, checking the online payment system reports weekly. If it is not possible to amend your goals, it is important that you highlight and communicate any potential issues or stumbling blocks that may stop you from achieving the goal as soon as possible. Relevant It is also important to understand and explain clearly why the goal is being set. This helps to focus the goal and make sure the goal helps to achieve a bigger objective. Nura knows that social media campaigns are very important in modern day sales channels and as a small business, she would be unable to pay someone else to create these campaigns for her. Relevant To gain experience of using social media tools, virtual reality and online payment systems by volunteering and working in existing businesses, creating and managing two social media, virtual reality-based campaigns on two social media platforms, checking the online payment system reports weekly. This knowledge will help to attract target customers in a cost effective manner and avoid negative cashflow. Life-Span Plan Project | 179

Timely When goals are set, there must be an end date or a specific time period. If there is no time period then most goals could eventually be achieved, but it might be too late. What is the time period allowed for the project? When must the project be completed by? Time-based To gain two years' experience of using social media tools, virtual reality and online payment systems by volunteering and working in existing businesses, creating and managing two social media, virtual reality-based campaigns on two social media platforms by July 2025, checking the online payment system reports weekly and being able to complete sales reports by April 2025. This knowledge will help to attract target customers in a cost-effective manner and avoid negative cashflow. Once all of these dates have been added, the SMART goal is complete. A well written life-span plan, with clear and SMART goals will help Nura to establish her business and launch her career. SMART goals are used to help guide the goal setting process. This gives a sense of direction and allows resources to be planned and allocated to the project which will help reach the final goal. However, a poorly written plan with vague or poorly thought out goals may cause her to have ineffective decision-making processes which means she may not achieve her overall ambitions. If Nura does not follow the SMART process, she may not get the relevant depth of knowledge of social media campaign planning, or she may still be learning about social media in ten years time. By setting a goal which is not SMART, Nura, may focus on incorrect priorities or may find out that she does not have the necessary experience to start her own business. Nura realizes that writing her life-span plan will involve careful planning and may have some trade-offs. By continuing to volunteer at the museum instead of starting her own business, Nura may not begin earning an income for two years, which could impact on her quality of life. All decisions have consequences and Nura may well have to choose between two positive options or even choose the least worst option. P180 Life-Span Plan Project Ministry of Education 2024-1446

GOAL SETTING SHART Specific Measurable Achievable Realistic Timely Why do you think it is important to write a life-span plan with clear SMART goals? Your own SMART Life-Span Plan Throughout the book, look for the Life-Span Plan icon, which provides questions and guidance on topics related to each chapter that will help to prepare you for life. When you consider the questions and guidance when planning your life-span, you must carefully consider the SMART principles. This project is designed to stimulate class discussion and to encourage you to think critically, hone your organization skills, and nurture a creative outlook. To contribute to this project, you should reflect on what you've learned throughout this course. You will study a variety of topics and finish many activities that you can use to help you complete the project assignments. Preparing SMART targets will require you to consider all of your values and goals, not just those that are related to one particular choice. Whether or not you ultimately decide to put your SMART goals into action once you have left school and college, the skills attained will set you up as you enter the business environment. CHECKPOINT How will setting SMART goals help you focus or become more disciplined when working towards future objectives? وزارة التعليم Ministry of Education 2024-1446 Life-Span Plan Project | 181