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Setting SMART Goals provides us with the best chance of achieving those goals. SMART is an acronym for (Specific, Measurable, Attainable, Realistic, Timely).
If we are not very clear about what we are seeking to achieve, then how can we achieve it? Be explicit what success looks like so we know when we achieve it.
The old saying that you can’t manage what you can’t measure is true. A reliable set of metrics allows us to see progress and measure how we are progressing along the way. Are we red, yellow or green in the condition?
Lofty goals are aspirational. Most of us do better with more concrete, tangible goals. Give your employees a chance to actually achieve the goals you set for them.
Most sports teams do not go from “worst to first” in one year. So too, with your position in the marketplace. Set reasonable, realistic goals along the path you want to travel. If the employees feel that your firm is on a journey versus a mad, desperate dash, then they will be more invested in the results.
Of course, objective results should have timeframes associated with them. Make those mileposts as soon as realistic, but not so early that you stretch the organization to the breaking point. Missing opportunities need to be balanced against the opportunity cost.
SMART Goals consider the needs of the organization. They create the best prospect for success.
That’s the lowdown. Over to you. Please comment below.
1. Do you use SMART Goals? Why?
2. What has been your experience with SMART Goals?
3. What is the goal setting process in your organization?