Goal setting essay

Setting goals is the process of creating an action plan intended to inspire and direct an individual or a group of people within an organization toward a certain goal. at instance, a company can decide to aim at a certain profit within a certain time frame. The profits become the objective, and goal-setting is the process laid out to achieve the objective. (Thompson & McEwen, 1958).

For any business that wants to succeed, the author contends that the goal-setting process is without a doubt the most crucial. Setting SMART goals—goals that are specific, measurable, attainable, relevant, and time-bound—is one of the process’ numerous prerequisites, identifying goals which motivate the employees, setting them in writing, making an action plan, and finally sticking with this plan. These requirements are the necessities which should be present for the purpose of aim setting to be accomplished, for instance, a manufacturing organization having a goal of increasing the output would incorporate SMART ones such as increasing labor, being relevant in terms of quality and quantity, and developing metrics for measuring the output.

The Start of Goal Setting and How It Works

The first step in the goal setting process understands the purpose and vision of the organization so as to inform the company of the aims to set. Goal setting has three main stages that explain how this works. After understanding the purpose of the organization, goal setting then involves the establishing of the aims and objectives and definition of matrices for measurement.

Metrics for Establishing Acceptable Outcomes

An organization can establish metrics by accepting uncertainties, ensuring executives from the C-level down understand the objectives, identifying the drivers that affect the outcome, rewarding positive outcome, and finally, using graphics to display results and show trends, outliers, and interdependencies.

Reference

Thompson, J. D., & McEwen, W. J. (1958). Organizational goals and environment: Goal-setting as an interaction process. American Sociological Review, 23(1), 23-31.