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With Goals, FAST Beats SMART (SMART (Achievable, Realistic, Measurable,…
With Goals, FAST Beats SMART
leaders must set ambitious targets
translate them into specific metrics and milestones
make them transparent throughout the organization
discuss progress frequently
“management by objectives,”
an approach where employees would agree with their boss on a set of goals and work toward achieving those objectives throughout the year.
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when goals are made public, our data suggests that employees take advantage of the transparency to view their colleagues’ objectives.
When it comes to setting goals, more ambition is not
always better
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The discipline of translating goals into metrics and milestones can enhance the performance of individuals or teams in several ways.
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We found that four core principles underpin effective goal systems, and we summarize these elements with the acronym FAST
Sharing company goals publicly cannot guarantee that employees will align their objectives to the company’s strategy.
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Ambitious goals minimize the risk that employees will sandbag by committing to overly conservative goals they are sure to achieve.
When employees can see top-level goals, they can align their individual and team objectives with the company’s overall direction.