Setting Goals & Commitment

Goal Setting & Commitment

Presented by Mohamad Bajouk

Inspirit Academy

GoalA goal is something that we want enough that we

make an effort to reach it

Learning Objectives

• Know why 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

Why Should You Set Goals For Yourself?

Goals...

determine the direction of your actions

Why Should You Set Goals For Yourself?

Goals...

determine the direction of your actions

help you to stay on top of things

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

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?”

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?”

Helps you be the best you can be

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?”

Helps you be the best you can be

serve to monitor success

Goals are the main source of MOTIVATION

Considering the Temporal Horizon

You differentiate…

• Long – Term Goals

• Medium – Term Goals

• Short – Term Goals

Setting Goals...based on temporal 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

Setting Goals...based on temporal 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

Setting Goals...based on temporal 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

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

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...

Setting Goals – The SMART-Formula

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.

Writing Down your Goals

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.

Personal Vs. ProfessionalGOALS

Commitment

Commitment

Keep in Touch

Mohamad Bajouk