What does the term Big Hairy Audacious Goals (BHAGs) refer to?

The term Big Hairy Audacious Goals (BHAGs) refers to compelling and long-term stretch targets that organizations pursue to inspire and drive them toward significant achievements. These goals are designed to be ambitious and motivational, encouraging individuals and teams to think beyond conventional limits and to strive for exceptional results.

BHAGs are meant to create excitement and a clear vision for the future; they challenge organizations to reach new heights rather than settle for incremental improvements or easily attainable objectives. By focusing on a bold, aspirational goal, organizations can align their resources, energize their workforce, and foster innovation, all of which are essential for sustainability and growth.

The other options reflect concepts that are either misaligned with the intent of a BHAG or focus on objectives that don't emulate the visionary and transformative nature inherent in BHAGs.