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Estimating a Company's Valuation: Business Strategies, Human Resources, Financial Management, and Leadership

A well thought out ad researched business plan is the foundation of a startup with a clear plan to become successful. Hence, setting both short and long-term goals, and finding a market niche is a task every founder must go through. For example, a company's strategic plan can include targeting certain industries, further developing a product, allocating funds, forecasting sales channels, and scheduling resource needs. Goal setting freedom is to the liberty that employees experience when they set and pursue their goals in the workplace. Goal setting can be seen as a situational cue that encourages employees to align work goals with their intrinsic motivations.

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