Revitalizing Goal Setting for Corporate Leaders
In the vast landscape of corporate endeavors, it’s not uncommon to find ourselves a mile and a half downstream on a project, feeling lost and frustrated despite investing time and effort. Great leaders, especially those infused with hospitality, anticipate this scenario and strategically plan to navigate it effectively. The foundational step in this strategic planning is the establishment of SMART goals – specific, measurable, achievable, relevant, and time-bound.
While the concept of SMART goals has been around since 1981, its relevance remains unwavering. The acronym, introduced by George T. Doran, emphasizes a practical and effective approach to goal setting. Leading with hospitality involves more than just tossing around the term “SMART goals”; it requires leaders to engage in meaningful dialogues with their teams, guiding them to discover their personal and professional aspirations.
Chances are, team members may have heard about SMART goals but have never experienced a leader sitting down with them to explore their ambitions and teach them how to think differently about their goals. This leadership approach sets the stage for team members to establish their own SMART goals, which serve as roadmaps for both successful business outcomes and personal growth.
Quantitative SMART goals, such as increasing sales conversion by 20 percent by the end of the third quarter, align with business growth. On the qualitative side, commitments like planning and executing quarterly team-building events contribute to a holistic team environment. Personal growth goals, like enrolling in monthly Leadership Development online training courses, round out the spectrum.
In bringing it all together, leaders are urged to spend one-on-one time with each team member, assisting them in setting SMART goals that are specific, measurable, achievable, relevant, and time-bound. This strategic compass revitalizes goal-setting practices, ensuring alignment with the overarching vision and providing a clear roadmap for success.
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