The short answer is: there isn't really a difference between the two, especially as more schools adopt practices aligned with Competency-Based Education. Foundry can store two active sets of targets to be applied to learning experiences.
A target in Foundry is the most specific level of learning goal. A group of specific related targets can be clustered into a Target Group, such as Algebra (or Conflict Resolution), and a group of related Target Groups can be clustered into a Subject, like Math (or Interpersonal Communications)
Historically, the 'Content' target set has more robust functionality. You might consider it your primary target set, and 'Skills' to be your secondary target set. Which objectives you assign to each set is based on your school's philosophy and priorities.
What are Content Targets?
Historically, Foundry has considered 'content targets' to resemble learning goals within traditionally 'core' subjects, like Math or Social Studies. They have related to State standards, learning outcomes, benchmarks, Common Core, or many other learning target sets. To Foundry, these are essentially all the same, as is a simple, plain-language learning goal, such as 'I can ride a bike.'
What are Skills Targets?
To Foundry, they are exactly the same thing - a learning goal to be achieved. As many schools began formally adopting measurements of alternative - but parallel - learning outcomes, like 21st Century Skills, Foundry was redesigned to accommodate two sets of learning outcomes at the same time.
Like 'Content' targets, 'Skills' targets can be clustered into Target Groups and larger Subjects.
Advisors and students can create learning experiences with both content and skills targets attached, but they can be tracked and reported differently.
Suggested Reading
Learning Plans: an Introduction
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