Goals are what drive an organization forward. They give clarity of purpose and direction in as far as a company’s future is concerned. However, what needs to be kept in mind is that an organization depends on its employees to scale new heights and achieve new goals. This leaves no room for doubt in the fact that employees’ objectives must be aligned with those of the organization.
So, how does a company go about setting the right goals? You can start by setting SMART goals – where SMART stands for Specific, Measurable, Achievable, Relevant and Time-Bound. While all objectives seem to fit into this acronym, it is important to ensure that each of these is clear and actionable.
Here’s a quick guide on how you can make goals a winning factor.
There is no point in setting goals if you cannot measure the progress you are making. It does not suffice to simply identify the metric of measurement; you also need to think through various aspects such as:
Data can reveal insights that impact business decisions and performance. And every goal must be assessed in light of such questions.
Being achievable is one of the most important characteristics of a good goal. An achievable goal induces employees to give in their best effort. On the hand, an objective that seems beyond reach discourages employees from even making an earnest attempt.
You may set goals that are specific, measurable and achievable, but it is important that these objectives be relevant to the organization and its employees. A far-fetched objective, which has no connection to the company vision or mission will leave employees confused, leading to performance that is half-hearted.
For employees to feel enthused about the company, they need motivation and inspiration. They will only put n their best foot forward when they find that company goals are aligned with their own. As a company, what you need to do is break down the vision into sub-components until you have finally reached the employee level. You will find that when you eventually add up all these goals, the result will be far greater than the vision itself.
In the world of finance, there is a system called zero-based budgeting where one disregards the past and begins the new financial year on a new note. Try adopting this method when you are on the threshold of defining the goals of your organization; the past can influence your decisions and hold you back from achieving your full potential.
History has shown that setting the right goals can make a world of difference to the way an organization works and succeeds. At Trebound, we understand its relevance and are committed to helping you achieve your full potential. Our training sessions are personalized to suit every company’s need – both in terms of its industry and people. After all, there can be no compromise when it comes to the future of your business.