Meaning of “stretch target” in the English Dictionary

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"stretch target" in Business English

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stretch targetnoun [ C ]

also stretch goal uk us MANAGEMENT

a high and difficult level of success that an employee must achieve if they are to be considered to be doing their job in a satisfactory way:

Stretch targets should provide the benchmark under which a person's perfomance is deemed to be "poor".

(Definition of “stretch target” from the Cambridge Business English Dictionary © Cambridge University Press)