Goal Setting

When it comes to setting goals for an organization, many people instantly think of terms like revenue or profit. Although both of those things are critical for most organizations, they aren’t enough to actually motivate your employees. As Dr. Tim Irwin says, “People will work harder for meaning than money.” Good leaders realize this and set goals their people will commit to.

The first step to successful goal setting is to start with a clear vision. When it comes to goals, the easier they are to understand, the better. In order to know where you’re going, you must know why you’re going there. This takes us to the heart of the company or organization. What is your mission? Why are you doing what you’re doing? Let your mission be your north star. Without a clear direction, you’re likely not to make it to your destination.

The second step in successful goal setting is to ask, “How are you going to get there?” Even the most well thought out goal is no good if there is no plan in place for how to achieve it. Take the time to put together a solid strategy for how you can achieve whatever it is you’re after.

Don’t forget to celebrate the victories. Leadercast 2014 and 2015 speaker and CEO of SAP Bill McDermott talks about the importance of celebrating the victories and rewarding yourself and your team for accomplishing those goals and objectives. By giving your team a clear path to follow and a reward to work towards, you are more likely to see that goal come to life. Does your goal inspire action? If not, then you may need to rethink it.

Check out the videos below to learn more about goal setting from experts and everyday leaders. If you are not a Leadercast Now member, click here to join the family so you can learn from these leaders!

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