The phrase "a stretch target" is correct and usable in written English.
It is typically used in business or goal-setting contexts to refer to a challenging or ambitious goal that may be difficult to achieve.
Example: "Our team has set a stretch target for sales this quarter, aiming for a 20% increase over last year."
Alternatives: "an ambitious goal" or "a challenging objective".
If your company is aiming to improve the efficiency of its factory, it might aim for a 3% improvement in productivity each year, with a stretch target of 5%.
3M said the "economic environment has changed" since it set its long-term revenue growth target of 7 to 8 percent, and it now viewed that range as a "stretch target".
When General Electric, in collaboration with local partner Wipro, set up its medical systems unit in Bangalore, GE Medical Systems Chairman John Trani suggested a stretch target – shooting for a profit in the very first year.
Having a stretch target will make sure solutions have an impact, inspire your participants, and also provide criteria for judging.
"That said, we really wanted a stretching target to drive results and we're really proud of the progress that has been made at a household level.
"We know it's still achievable even with a stretching target, because many countries have proved it's possible, but we need a clear, coherent strategy on behalf of governments and for water access to be a global priority".
Labour will not say what the final level for the minimum wage would be, but a source said it would be a "stretching target".
While RBS is adamant that it has met its targets under Project Merlin, the bank is referring to a lower "stretch" target of lending £68.8bn to small businesses rather than the so-called "capacity" target of £76bn.
"It is a high stretch target," admits S.D. Shibulal, the COO.
Just what a remarkable thing F1 engineers are doing for 2014 becomes clear when the engineers mention that they have a "difficult stretch target" for the engines of 40% thermal efficiency (how much energy is produced from the fuel).
3. Come up with a specific and bold stretch target.
