1. Start by defining your overall objectives
There's nothing worse than objectives that aren't consistent with your business and/or your corporate strategy, hence the clarification provided by ISO 9001 on the subject:
"Management must demonstrate its leadership and commitment to the quality management system by: [...]
b) ensuring that the quality policy and objectives are established for the quality management system and that they are compatible with the context and strategic direction of the organization; [...]".
Besides, there's nothing like an example to illustrate a point:
You wouldn't expect a small city car to accelerate from 0 to 100 km/h in under 3 seconds.
Conversely, this same objective seems totally appropriate when it comes to a racetrack car.
Consequently, as soon as you define your Quality Policy and the resulting global objectives, keep in mind...
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Start by defining your overall objectives