Setting goals is essential for an ecommerce business, and of course they should be SMART goals, but I’m also interested in how the goals can be meaningfully aligned to the strategic priorities of the business and be balanced across all the activities of the business. I think the strategic priorities and strategic goals should be developed together rather than one coming from the other, and should have both quantitative and qualitative measures.
|Internal-looking Goal||External-facing Goal|
Let’s take ‘Increasing revenue’ as a goal, as making more money is probably a pretty good goal for most ecommerce businesses to have. It would be an external-facing goal that is measured quantitatively, so it would go in the top right box above.
If all of the business goals fit in this box then I would suggest that the business doesn’t have a balanced approach to a) setting goals, and b) growing the business as a whole. Having a broader set of strategic goals that are spread across all four boxes would better represent the business as a whole.