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FAST beats SMART (goals should fit the strategy execution FAST (AMBITIOUS…
FAST beats SMART
goals should fit the strategy execution FAST
create consrtvative targets is just sandbag
goals have to be alignes to strategy priorities
drive and aling action
FRECUEN DISCUSSIONS
Goals guide key decisions and activities
see them quarterly rather than annually
evaluete progress
discuss unexpected challenges
make difficult trade-offs
prioritize initiatives
make real time adjustments
course corrections
AMBITIOUS IN SCOPE
Helps to set effective goals
minimize the risk of sandbag with conservative goals
Innovations come to achive ambitious objectives
Balance between ambition and achievability
SPECIFIC METRICS
objectives are short descriptions of what to achieve
include handful of key results
clear defined tasks
concrete measures of progress
milestones that specify steps required to achieve the goal
Can be hypoteses,
so you can test them,
determine which ones are (or aren’t)
working,
make midcourse corrections.
TRANSPARENT FOR EVERY ONE
post goals from every empoyee
provides users to set and manage their own goals and view colleagues objectives
Higer performing facilities to improve efficency
SMART goals undervalue ambitions
focus narrowly on individual performance
ignore importance of discuss progress
Set ambitious targets
translate into metrics and milestones
let now to the organization
discuss progress
enables employees to aling activities to strategy
employeess are able to aling their individual objectives to the company
easier to check department objectives
senior managers can easily review them
When goals are public, employees can connect the dots for themselves to see how their work supports thestrategy and colleagues in other teams
Help to improve multiple dimentions at the same time
OKRs objectives and key resultis