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Setting Goals & Commitment
The document discusses the importance of goal setting and commitment, outlining how goals determine the direction of actions and promote focus. It explains different temporal horizons for goals (long-term, medium-term, short-term) and introduces the SMART formula for setting clear, measurable, and realistic goals. Additionally, it emphasizes the significance of writing down goals to enhance intention, motivation, and the likelihood of achieving them.
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Setting Goals & Commitment
- 2. Goal Setting &Commitment Presented by Mohamad Bajouk Inspirit Academy
- 3. GoalA goal issomething that we want enough that we make an effort to reach it
- 4. Learning Objectives • Knowwhy you should set goals • Get to know the different temporal horizons of goal-setting • Know how to reach your goals with the SMART-method • Understand Commitment
- 5. Why Should YouSet Goals For Yourself? Goals... determine the direction of your actions
- 6. Why Should YouSet Goals For Yourself? Goals... determine the direction of your actions help you to stay on top of things
- 7. Why Should YouSet Goals For Yourself? Goals... determine the direction of your actions help you stay on top of things help you focus on the important things
- 8. Why Should YouSet 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?”
- 9. Why Should YouSet 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?” Helps you be the best you can be
- 10. Why Should YouSet 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?” Helps you be the best you can be serve to monitor success
- 11. Goals are themain source of MOTIVATION
- 12. Considering the TemporalHorizon You differentiate… • Long – Term Goals • Medium – Term Goals • Short – Term Goals
- 13. Setting Goals...based ontemporal horizon You differentiate • Long – Term Goals • Medium – Term Goals • Short – Term Goals • Includes, for example, your professional career and the career thereafter • Continues throughout numerous years • Are visionary but realistic
- 14. Setting Goals...based ontemporal horizon • e.g. operative goals that are specific for a department of a large corporation (yearly and/or quarterly goals) You differentiate Long – Term Goals Medium – Term Goals Short – Term Goals
- 15. Setting Goals...based ontemporal horizon • Are related to short-term and reasonable time periods. For the management of the company it is often common practice to use the fiscal year. However, it could also be extremely short – term goals and/or seasonal goals such as the completion of a project. You differentiate Long – Term Goals Medium – Term Goals Short – Term Goals
- 16. Setting Goals –The SMART- Formula • In project management you usually have the ultimate project goal as well as intermediate goals (milestones) • Respectively there are big goals and smaller goals, as well as intermediate goals in your professional career • Often times we do not reach our goals because our goals are not clearly defined, we expect too much, or we do not come up with intermediate goals
- 17. Setting Goals –The SMART- Formula • Often times management set 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...
- 18. Setting Goals –The SMART-Formula
- 19. Setting Goals –The SMART-Formula - Example • For example, you set the followig goal: „ The goals is to increase the revenues of product X/Y by 10 percent until June 30th.“ • 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. Due to the fact that management communicates the 30th of June as a due date for the goal it is also terminated to a specific day.
- 20. Writing Down yourGoals Shows intention and commitment Makes the idea more concrete Brings clarity Motivates + builds confidence More likely to be achieved Can be reviewed - The number of people who set business and/or personal goals: 3% of the population. - The number of people who set business and/or personal goals AND write them down: 1% of the population.
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