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Setting goals

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Setting goals

  1. 1. Setting Goals Welcome to chapter one „setting goals“
  2. 2. Setting Goals This chapter will help you determine how to best set your goals
  3. 3. Setting Goals How should I set my goals?
  4. 4. Setting Goals I am going to tell you how to best set your goals! First we have a look at our learning objectives.
  5. 5. Learning Objectives Know why you should set goals for yourself Get to know the different temporal horizons of goal-setting Know how to reach your goals with the SMART-method
  6. 6. Setting Goals Please write down at least three of your work related goals on theattached work sheet 1. !
  7. 7. Setting Goals Why should you set goals for yourself?
  8. 8. Why Should You Set Goals For Yourself?Goals...… determine the direction of your actions
  9. 9. Why Should You Set Goals For Yourself?Goals...… determine the direction of your actions… helps you to stay on top of things
  10. 10. 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
  11. 11. 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?”
  12. 12. 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?”… serve to monitor success
  13. 13. Why Should You Set Goals For Yourself? GOALS … are therefore motivating!!
  14. 14. Why Should You Set Goals For Yourself? I see !
  15. 15. Why Should You Set Goals For Yourself? If you set goals for yourself you also need to consider the temporal horizon
  16. 16. Setting Goals...based on temporal horizonYou differentiate… Long – Term Goals Medium – Term Goals Short – Term Goals
  17. 17. Setting Goals...based on temporal horizonYou differentiate  Includes, for example, your professional career and the career thereafter  Continues throughout numerous years Long – Term Goals  Are visionary but realistic Medium – Term Goals Short – Term Goals
  18. 18. Setting Goals...based on temporal horizonYou differentiate  e.g. operative goals that are specific for a department of a large corporation (yearly and/or quarterly goals) Long – Term Goals Medium – Term Goals Short – Term Goals
  19. 19. Setting Goals...based on temporal horizon  Are related to short-term andYou differentiate 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 Long – Term Goals short – term goals and/or seasonal goals such as the completion of a project. Medium – Term Goals Short – Term Goals
  20. 20. Setting Goals...based on temporal horizon  Are related to short-term andYou differentiate 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 Long – Term Goals short – term goals and/or seasonal goals such as the completion of a project. Medium – Term Goals Please structure the written down goals on your work sheet 1.1 based on the Short – Term Goals three different temporal horizons!
  21. 21. Setting Goals...based on temporal horizon Did you structure your three goals based on the framework of three temporal horizons? •Long – Term •Medium – Term •Short - Term Did you write down at least one goal for each temporal horizon on work sheet 1.1? …if you did we will now continue on to the SMART-formula!
  22. 22. 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
  23. 23. Setting Goals – The SMART-Formula Goals should be SMART!
  24. 24. Setting Goals – The SMART-Formula What do you mean with SMART?
  25. 25. 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...
  26. 26. Setting Goals – The SMART-Formula Ultimate- and intermediate goals have to be S.M.A.R.T.: Specific: Goals have to be communicated in a clear way Measurable: Goals have to be measurable Ambitious: The input has to be equal to the output/result (get out of it what you put into it) Realistic: Goals have to be obtainable Terminated: Every goals has to be set to a specific date
  27. 27. 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.
  28. 28. Setting Goals – The SMART-Formula Please formulate your professional career goals as SMART and write them down on the work sheet 1.2!As a reminder:  Specific  Measurable  Ambitious  Realistic  Terminated
  29. 29. Setting Goals in a SMART Way Specific Measurable Ambitious Realistic Terminated

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