Setting Goals and Commitment

1. SETTING GOALS AND COMMITMENT
Project Management

2. COMMITMENT: WHY IS IT IMPORTANT?
 Commitment is important in any
relationship. It is the value that galvanizes
diverse entities so that all can work together
unilaterally and seamlessly.
 Without it, there is no bond and no common
purpose.
 commitment is the force that drives the
relationship forward, toward a mutually
desirable goal that usually points to growth
and/or profitability.

3. COMMITMENT
“There’s a difference between interest and
commitment. When you’re interested in doing
something, you do it only when
circumstances permit. When you’re
committed to something, you accept no
excuses, only results.”

4. COMMITMENT: WHY IS IT IMPORTANT?
 Invest resources such as time, energy, and money to
ensure the desired outcome
 Pursue the goal consistently over time, even when under
stress
 Reject ideas or action plans that promise short-term
benefits but are inconsistent with the overall strategy for
ultimate goal achievement
 Stand fast in the face of adversity, remaining determined
and focused in the quest for the desired goal
 Apply creativity and resourcefulness in resolving
problems or issues that would otherwise block the
achievement of the goal

5. SETTING GOALS AND COMMITMENT
 Have you thought about what you want to
be doing in five years' time?
 Do you know what you want to have
achieved by the end of today?
 Are you clear about what is your main
objective at work ?
 If you want to succeed, you need to set
goals. Without goals you lack focus and
direction.

6. MANAGER IS REQUIRED TO :
Set a Vision (goal,
objective, mission,
purpose, shared
vision)

7. Vision is the art of
seeing things invisible
Jonathan Swift

8. For one
who has no objective,
nothing is relevant
- Confucius

9. “What are you doing?”
“I am cutting
wood”
“I am building
that castle”

10. A plan is
How
you get there
A vision is
Where
you are going

11.  Vision is “where” we want to be
 Mission or Purpose is “why”
 Goals and Objectives are “what”
 Action Plans are “how”

12. TWO INFOSYS CO-FOUNDERS FLOAT NEW
VENTURE
 Infosys' co-founders S. Gopalakrishnan and
S.D. Shibulal have come together again to
set up Axilor Ventures, a business incubator
to help entrepreneurs and early-stage firms
succeed in diverse verticals.
 "Axilor will focus on scalable, disruptive and
technology-led business ideas from budding
entrepreneurs and experienced
professionals with entrepreneurial
aspirations," the statement said.

13. TWO INFOSYS CO-FOUNDERS FLOAT NEW
VENTURE
 For the selected start-ups, the duo founders
will co-invest through individual funds
ranging from Rs.30 lakh ($50,000) in the
accelerator programme to Rs.6 crore ($1
million) in early-stage companies.
 These programmes, build a platform for
innovation and entrepreneurship to benefit
entrepreneurs and help them connect with
innovation ecosystems outside India
through partnerships."

14. SETTING GOALS AND COMMITMENT
 To accomplish goals, however, one need to
know how to set them.
 Can't simply say, "I want" and expect it to
happen.
 Goal setting is a process that starts with
careful consideration of what individuals
want to achieve, and ends with a lot of hard
work to actually do it.
 In between there are very well defined steps
that transcend the specifics of each goal.
 Knowing these steps will allow you to
formulate goals that you can accomplish.

15. THE FIVE GOLDEN RULES
Set Goals that Motivate You:
 When you set goals for yourself, it is
important that they motivate you: this
means making sure that they are
important to you, and that there is
value in achieving them.
 If you have little interest in the
outcome, or they are irrelevant given
the larger picture, then the chances of
you putting in the work to make them
happen are slim. Motivation is key to

16. THE FIVE GOLDEN RULES
Set SMART Goals
 You have probably heard of "SMART
goals" already. But do you always apply
the rule?
 The simple fact is that for goals to be
powerful, they should be designed to be
SMART. There are many variations of
what SMART stands for, but the essence
is this – goals should be:

17. THE FIVE GOLDEN RULES
 Specific.
 Measurable
 Attainable
 Relevant
 Time Bound.

18. THE FIVE GOLDEN RULES
Set Goals in Writing
 The physical act of writing down a goal makes it
real and tangible.
 As you write, use the word "will" instead of
"would like to" or "might." For example, "I will
reduce my operating expenses by 10 percent this
year," not "I would like to reduce my operating
expenses by 10 percent this year."
 The first goal statement has power and you can
"see" yourself reducing expenses, the second
lacks passion and gives you an excuse if you get
sidetracked.

19. THE FIVE GOLDEN RULES
Make an Action Plan:
 This step is often missed in the process of
goal setting.
 You get so focused on the outcome that you
forget to plan all of the steps that are needed
along the way.
 By writing out the individual steps, and then
crossing each one off as you complete it,
you'll realize that you are making progress
towards your ultimate goal. This is
especially important if your goal is big and
demanding, or long-term.

20. THE FIVE GOLDEN RULES
Stick With It
 Goal setting is an ongoing activity not
just a means to an end.
 Build in reminders to keep yourself on
track, and make regular time-slots
available to review your goals.
 Make sure the relevance, value, and
necessity remain high.