Setting Goals

Welcome to the first section

„Setting Goals“.Did you already

print out the corresponding

worksheet? Let´s then get started!

Setting Goals

Please write down at least three of

your work related goals on the

attached work sheet 1. !

Setting Goals

Why should you set goals for yourself?

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 more important 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

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?”

serve to monitor success

Setting Goals...based on time frames

You need to differentiate…

Long – Term Goals

Medium – Term Goals

Short – Term Goals

Setting Goals...based on time frames

You need to differentiate

Long – Term Goals

Medium – Term Goals

Short – Term Goals

Include, for example, your professional career and retirement plans.

Continue throughout numerous years

Are visionary but realistic

Setting Goals...based on time frames

e.g. operative goals that are specific for a department of a large corporation (yearly and/or quarterly goals)

You need to differentiate

Long – Term Goals

Medium – Term Goals

Short – Term Goals

Setting Goals...based on time frames

Are related to short-term and reasonable time periods. For the management of a company for example 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 need to differentiate

Long – Term Goals

Medium – Term Goals

Short – Term Goals

Setting Goals...based on time frames

Are related to short-term and reasonable time periods. For the management of a company for example 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.Please structure

the written down goals on your

work sheet 1.1 based on the

three different time frames!

You need to differentiate

Long – Term Goals

Medium – Term Goals

Short – Term Goals

Setting Goals...based on time frames

Did you structure your three goals based on the framework of three time frames?•Long – Term •Medium – Term•Short - Term

Did you write down at least one goal for each time frame on work sheet 1.1?

…if you did we will now continue on to the SMART-formula!

Setting Goals – The SMART-Formula

In project management you usually have the ultimate project goal as well as intermediate goals (milestones)

Respectively there are major goals and minor goals, as well as intermediate goals in your professional career

Often we do not reach our goals because they were not clearly defined, we expect too much, or we do not define intermediate goals.

Setting Goals – The SMART-Formula

Management sometimes sets 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

Ultimate- and intermediate goals have to be S.M.A.R.T.:

Specific: Goals must be communicated in a clear wayMeasurable: Goals must be measurableAttainable: The input must be proportional to the

output/result .Realistic: Goals must be obtainableTime Bound: Every goals must be set to a specific date

Setting Goals – The SMART-Formula - Example

For example, you set the followig goal: „ The goal is to increase the revenues of product X/Y by 10 percent by June 30, 2012.“

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. As the management communicates the 30th of June as a due date for the goal, it is also time bound.

Setting Goals – The SMART-Formula

As a reminder: Specific Measurable Attainable Realistic Time Bound

Please formulate your professional career goals as SMART and write them down on the work sheet 1.2!

Setting Goals in a SMART Way

SpecificMeasurableAttainableRealisticTime Bound