Objectives Ontology
type: Ontology
abstract: This ontology defines concepts including goal, objective, program, and strategy. Objectives are defined as being distinct from goals, in that they constitute time limited and measurable targets which some entity may seek to attain in pursuit of its goals.
license: https://opensource.org/licenses/MIT
imports: AnnotationVocabulary
imports: DatesAndTimes
version IRI: Objectives
change note: The http://www.omg.org/spec/FIBO/Foundations/20130601/GoalsAndObjectives/Objectives.owl version of the ontology was revised in advance of the September 2013 New Brunswick, NJ meeting, as follows: (1) to use slash style URI/IRIss (also called 303 URIs, vs. hash style) as required to support server side processing (2) to use version-independent IRIs for all definitions internally as opposed to version-specific IRIs (3) to change the file suffix from .owl to .rdf to increase usability in RDF tools (4) to use 4-level abbreviations and corresponding namespace prefixes for all FIBO ontologies, reflecting a family/specification/module/ontology structure (5) to incorporate changes to the specification metadata to support documentation at the family, specification, module, and ontology level, similar to the abbreviations (6) to eliminate an unnecessary hasObjectives property and related imports dependencies.
change note: The https://spec.edmcouncil.org/fibo/ontology/FND/20130801/GoalsAndObjectives/Objectives.rdf version of this ontology was modified per the issue resolutions identified in the FIBO FND 1.0 FTF report and in https://spec.edmcouncil.org/fibo/ontology/FND/1.0/AboutFND-1.0/.
change note: The https://spec.edmcouncil.org/fibo/ontology/FND/20180801/GoalsAndObjectives/Objectives.rdf version of this ontology was modified to integrate concepts such as investment objective, business objective, strategy, and related properties.
change note: The https://spec.edmcouncil.org/fibo/ontology/FND/20190401/GoalsAndObjectives/Objectives.rdf version of this ontology was modified to integrate concepts such as distribution and sales strategy, and to eliminate duplication of concepts in LCC.
change note: The https://spec.edmcouncil.org/fibo/ontology/FND/20200201/GoalsAndObjectives/Objectives.rdf version of this ontology was modified to add the concept of a program, required for IND but also to represent compliance, and other kinds of programs.
change note: The https://spec.edmcouncil.org/fibo/ontology/FND/20201101/GoalsAndObjectives/Objectives.rdf version of this ontology was modified to address hygiene issues with respect to text formatting.
change note: The https://spec.edmcouncil.org/fibo/ontology/FND/20220701/GoalsAndObjectives/Objectives.rdf version of this ontology was modified to add the property 'has strategy' for use in linking to pricing, quotation, distribution, delivery, and other strategies or methods.
change note: The https://spec.edmcouncil.org/fibo/ontology/FND/20221001/GoalsAndObjectives/Objectives.rdf version of the ontology was modified to use the Commons Ontology Library (Commons) Annotation Vocabulary rather than the OMG's Specification Metadata vocabulary and eliminate unnecessary references to LCC.
change note: The https://spec.edmcouncil.org/fibo/ontology/FND/20230101/GoalsAndObjectives/Objectives.rdf version of this ontology was modified to use the Commons Ontology Library (Commons) rather than the OMG's Languages, Countries and Codes (LCC), eliminating redundancies in FIBO as appropriate.
has maturity level: Release
copyright: Copyright (c) 2013-2023 EDM Council, Inc.
copyright: Copyright (c) 2013-2023 Object Management Group, Inc.

business objective
type: Class
subclass of: objective
definition: objective that reflects the strategic goals and direction of a business within a time frame and available resources
explanatory note: Business objectives allow an organization to define its goals and direction. A company uses strategy and tactics at every level of its operation to achieve its objectives. These define the way a company allocates its resources and the strengths, weaknesses and opportunities it may have. Companies usually do not alter their objectives once they are implemented, unless changes in circumstances arise. Setting a clear course for the organization is key to its success.
explanatory note: In general, objectives are more specific and easier to measure than goals. Objectives are basic tools that underlie all planning and strategic activities. They serve as the basis for creating policy and evaluating performance. Some examples of business objectives include minimizing expenses, expanding internationally, or making a profit.

business strategy
type: Class
subclass of: strategy
subclass of: Restriction
  on property: has objective
  some values from: business objective
definition: strategy for achieving a specific business goal, objective, solution or outcome

distribution strategy
type: Class
subclass of: strategy
definition: strategy for making a product or service available, or for distributing funds, such as in the form of a dividend or coupon

financial objective
type: Class
subclass of: objective
definition: objective that reflects the strategic financial goals and direction of a party within a time frame and available resources

goal
type: Class
definition: desired result that a party envisions, plans, and to which it commits, in order to achieve a desired state
definition origin: http://en.wikipedia.org/wiki/Goal
explanatory note: Many people endeavor to reach goals within a finite time by setting deadlines.

investment objective
type: Class
subclass of: financial objective
definition: financial objective used by an investor to determine whether or not a given potential investment is appropriate for themselves or on behalf of another party
example: An investor whose objective is capital growth might choose to invest in more aggressive, growth-oriented mutual funds and/or stocks, over income-generating mutual funds and/or bonds.
explanatory note: The combination of investment objectives and risk tolerance are typically used to identify appropriate investment options.

objective
type: Class
subclass of: Restriction
  on property: hasDatePeriod
  some values from: DatePeriod
definition: short-term, quantitative, measurable result that a party seeks to attain in order to achieve its long-term goals

program
type: Class
subclass of: Restriction
  on property: has goal
  on class: goal
  min qualified cardinality: 0
subclass of: Restriction
  on property: has objective
  on class: objective
  min qualified cardinality: 0
label: programme
definition: coordinated set of activities designed to obtain benefits not available from managing them individually
adapted from: https://www.prince2.com/usa/blog/project-vs-programme

sales strategy
type: Class
subclass of: business strategy
definition: strategy for selling something, including allocating resources to the sales process, reducing costs, and optimizing revenues

strategy
type: Class
subclass of: Restriction
  on property: has goal
  on class: goal
  min qualified cardinality: 0
subclass of: Restriction
  on property: has objective
  on class: objective
  min qualified cardinality: 0
definition: plan or method for achieving a specific goal, objective, solution or outcome
explanatory note: A strategy may involve activities that are needed in order to achieve specific goals or objectives. It may take into account one or more policies or any number of restrictions and constraints.

has goal
type: ObjectProperty
range: goal
definition: relates something to a long-term, desired outcome

has objective
type: ObjectProperty
range: objective
definition: relates something to a specific objective (result) that it aims to achieve within a time frame and with available resources

has strategy
type: ObjectProperty
range: strategy
definition: relates something to a plan or method for achieving a specific goal, objective, solution or outcome