Uploaded byArif Mahmood
Set your objectives
This document discusses setting objectives and provides examples of Lakshmi Mittal's background. It emphasizes that objectives should clearly define where the organization is now, where it wants to be in the future, and how it will get there. Objectives should motivate people towards a common goal and provide focus. When setting objectives, one should be free from present or past circumstances and aim to exceed targets by 100% or more. Key performance indicators then help measure progress towards objectives.
More Related Content
Set your objectives
- 1. Set your objectives ArifMahmood Jun 2013
- 2. Decision-making process • Whereare we now? • Where do we want to be? (we are going to focus on this) • How do we get there? • How do we know we are better? MAKE A DIFFERENCE TRUST WORTHY
- 3. LAKSHMI MITTAL an inspirationfor all entrepreneurs BACKGROUND BORN: June 15,1950, Sadulpur, Rajasthan, India EARLY YEARS IN INDIA EXTENDED & POOR FAMILY 20 LIVED ON BARE FLOOR, SLEPT ON ROPE BEDS, COOKED ON OPEN FIRE ON THE BRICKYARD ON THE HOUSE BUILT BY HIS GRANDFATHER. Indian born British steel tycoon. Born on June 15th 1950 in Rajasthan. Family moved to Kolkata from Rajasthan. His father Mohanlal Mittal set up a small steel mill in Kolkata. Finished his bachelors degree in business and accounting Lakshmi N Mital : Steel tycoon is the richest Indian in the world with an estimated wealth od $25 billion He resides in London He left India in the mid 1970. to start his career He was send to Indonesia by his father to shut the family’s ailing steel plant and sell the land Instead, Young Lakshami saw an opportunity and quickly turn it around.
- 4. Objectives have threefunctions To control a firm’s plan (set up targets within a department. To motivate or inspire people to reach a common goal. To direct to provide an agreed and clear focus for everyone in the organization.
- 5. Objective Process • Setting •Achieving
- 6. Objective Writing • Setting •Achieving
- 7.
- 8. Difference Are you interestedor committed ?
- 9. People Interested To havegood health Good looking Mean convenient path every body is doing it Present
- 10. People Committed Never blame other, resources system knowledge excuse Give-up because off politic I am but they ----- runaway I cant escaped Fare
- 11. People Committed Put yourall muscles nerves and trillion of sells all together Don’t suffer in hope disease Probability or Possibility
- 12. Objective setting bigmistake Present Past Don’t let your present or past circumstances to dictate your future objectives Free from present or past in setting process
- 13. Exceed Don’t miss singleday Single person of team is important Put your all 100 trillion cells to achieve more than 100 %
- 14.
- 15.
- 16. Objective Setting 3Year Development of work force PeopleIProcessesCustomerFinance PresentNew Present New Enhance Operational efficency Grow our Market Share Improve our Profitibility
- 17. Goals Setting 1year Responcible Result TRAMS PresentNew Present New Actionable Atainable Mearureable Specific Time Bound
- 18. e.g • Increase/ Decreasing/Growing / customer/Cost satisfaction 10 % 2014 Mr /Me
- 19. Key Performance Indicator Measurementto Keep strategy on track Raw New Customer CRM Mon Progress 95 % Complete Project Plan Qtr Change 22 %Increase P&L Mon
- 20. Implementation • Strategy • Communicationmeeting, email, ERP • Accountability • Frequency Weekly Monthly Q1 Q2 Q3 Q4
- 21. Summary • 1 HandBrain Heart Foot • 2 Habit • Agreed objective must achieved • No revision • No rethinking • Tacit
- 22. Your own subheadline Puzzle 2x2 WIN WITH STRONG VISUALS