An effective objective statement is a clear, concise and specific declaration of what you want to achieve in both your personal and professional life. It should be well-defined, measurable, attainable, relevant and time-bound. In other words, it outlines the desired outcome or end result that you wish to accomplish within a certain period of time. Having an effective objective statement helps you focus on your goals, prioritize tasks, make better decisions, and stay motivated towards achieving your aspirations.