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Goalsetting

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Goalsetting

  1. 1. Setting Goals Welcome to the first section „Setting Goals“. Did you already print out the corresponding worksheet? Let´s then get started!
  2. 2. Setting Goals Please write down at least three of your work related goals on theattached work sheet 1. !
  3. 3. Setting Goals Why should you set goals for yourself?
  4. 4. Why Should You Set Goals For Yourself?Goals...… determine the direction of your actions
  5. 5. Why Should You Set Goals For Yourself?Goals...… determine the direction of your actions… help you to stay on top of things
  6. 6. Why Should You Set Goals For Yourself?Goals...… determine the direction of your actions… help you stay on top of things… help you focus on the more important things
  7. 7. Why Should You Set Goals For Yourself?Goals...… determine the direction of your actions… help you stay on top of things… help you focus on the important things… answer the question “Why do I do what I do?”
  8. 8. Why Should You Set Goals For Yourself?Goals...… determine the direction of your actions… helps you stay on top of things… helps you focus on the important things… answer the question “Why do I do what I do?”… serve to monitor success
  9. 9. Setting Goals...based on time framesYou need to differentiate… Long – Term Goals Medium – Term Goals Short – Term Goals
  10. 10. Setting Goals...based on time framesYou need to differentiate  Include, for example, your professional career and retirement plans.  Continue throughout numerous years Long – Term Goals  Are visionary but realistic Medium – Term Goals Short – Term Goals
  11. 11. Setting Goals...based on time framesYou need to differentiate  e.g. operative goals that are specific for a department of a large corporation (yearly and/or quarterly goals) Long – Term Goals Medium – Term Goals Short – Term Goals
  12. 12. Setting Goals...based on time frames  Are related to short-term andYou need to differentiate reasonable time periods. For the management of a company for example it is often common practice to use the fiscal year. However, it could also be Long – Term Goals extremely short – term goals and/or seasonal goals such as the completion of a project. Medium – Term Goals Short – Term Goals
  13. 13. Setting Goals...based on time frames  Are related to short-term andYou need to differentiate reasonable time periods. For the management of a company for example it is often common practice to use the fiscal year. However, it could also be Long – Term Goals extremely short – term goals and/or seasonal goals such as the completion of a project. Medium – Term Goals Please structure the written down goals on your work sheet Short – Term Goals 1.1 based on the three different time frames!
  14. 14. Setting Goals...based on time frames Did you structure your three goals based on the framework of three time frames? •Long – Term •Medium – Term •Short - Term Did you write down at least one goal for each time frame on work sheet 1.1? …if you did we will now continue on to the SMART-formula!
  15. 15. Setting Goals – The SMART-Formula In project management you usually have the ultimate project goal as well as intermediate goals (milestones) Respectively there are major goals and minor goals, as well as intermediate goals in your professional career Often we do not reach our goals because they were not clearly defined, we expect too much, or we do not define intermediate goals.
  16. 16. Setting Goals – The SMART-Formula Management sometimes sets very vague goals such as: „we have to improve customer satisfaction, increase profitability, and improve productivity and efficiency.“ With the implementation of „SMART“, goals turn into clear messages that can be measured, reviewed, and monitored which we will see in the next example...
  17. 17. Setting Goals – The SMART-Formula Ultimate- and intermediate goals have to be S.M.A.R.T.: Specific: Goals must be communicated in a clear way Measurable: Goals must be measurable Attainable: The input must be proportional to the output/result . Realistic: Goals must be obtainable Time Bound: Every goals must be set to a specific date
  18. 18. Setting Goals – The SMART-Formula - Example For example, you set the followig goal: „ The goal is to increase the revenues of product X/Y by 10 percent by June 30, 2012.“ This goal is specific, it is also measurable! The goal also has to be realistic, therefore, the 10 percent should be obtainable by the employee. As the management communicates the 30th of June as a due date for the goal, it is also time bound.
  19. 19. Setting Goals – The SMART-Formula Please formulate your professional career goals as SMART and write them down on the work sheet 1.2!As a reminder:  Specific  Measurable  Attainable  Realistic  Time Bound
  20. 20. Setting Goals in a SMART Way Specific Measurable Attainable Realistic Time Bound

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