Goal Setting

Ms. Paschitti1What is your definition of success?bcitech.org/lpaschitti 22

3Goal setting01-06-13

ObjectiveTo understand the importance of setting goals consistent with success by always considering the opportunity cost in your choices to ensure that you are making the best choice.5Students WillDefine opportunity cost and apply the concept of making decisions.

Define delayed and instant gratification, and how each influences current and future choices and opportunities.

Correlate how the choices they make now affect future opportunities.6Key ConceptsGoalsObjectivesChoiceDecision MakingOpportunity Cost7IntroductionWe all have goals we want to achieve, but we often do not reach them.

How many have made a New Years resolution but failed to keep it?

Why?lack of goals and planning8GoalsWhat is a goal?Something you would like to achieve.

What is the purpose of setting goals?Goals give you direction and keep you focused on where you want to end up.Setting goals gives you a long-term vision and short-term motivation.It focuses your acquisition of knowledge, and helps you to organize your time and your resources so that you can make the very most of your life.9In Your NotesWhat are some things you hope to achieve in the next few weeks or months?

What are some things you hope to achieve in the next few years?10Types of GoalsShort-Term:Goals that can be accomplished in the near future (within a few weeks or months)

Long-Term:Goals that are more far reaching and take longer to achieve (a year or more)11Realistic vs. Unrealistic GoalsSetting unrealistic goals can lead to feelings of failure, lowered self-image, and lowered self-esteem.

What makes goals unrealistic?UntimelyRequiring unavailable resourcesToo generally written12Creating SMART GoalsWhat Are SMART Goals?SMART Goals are one of the most popular goal setting methods because they are effective

SMART is an acronym to guide people when they set their objectives and goals

By setting a goal which incorporates the following five characteristics, you are much more likely to actualize the outcome13Creating SMART GoalsEach letter in SMART refers to a different criterion for judging objectives:SpecificMeasurableAttainableRelevantTime-bound

14Creating SMART GoalsSpecificThe goal has to be specific, clearly defining what exactly needs to be accomplished.

A specific goal will usually answer the five W questions:What: What do I want to accomplish?Why: Specific reasons, purpose or benefits of accomplishing the goalWho: Who is involved?Where: Identify a locationWhich: Identify requirements and constraints15Creating SMART GoalsMeasurable goals are just that measured

Setting criteria to measure progress helps you achieve what you want. It lets you reach your goals and experience successA measurable goal will usually answer questions such as:How Much?How Many?How will I know when I have accomplished this goal?16Creating SMART GoalsAchievableSet yourself up for success! Dont make it too hard, but a challenge is always more satisfying than an easy task.

Useful questions to ask yourself:How can the goal be accomplished? What do I need to accomplish this goal? (list items, people, programs, etc.)17Creating SMART GoalsRealistic: Will this goal that you are setting REALLY make a difference?Goals need to be relevant to the situation at hand.A goal must be something that you are willing and able to work towards.Good questions for relevancy are:Why is this important to me?Can this be accomplished?18Creating SMART GoalsTime-boundGoals should include realistic timeframes for achievement.Commitment to a deadline helps you focus your efforts, and creates a sense of urgency and importance.It helps in overcoming the interruptions that invariably happen in everyday life.Setting a deadline also encourages you to unconsciously find a way to get the work done.A time-bound goal will usually answer the question:When?What can I do 5 months from now?What can I do 5 weeks from now?What can I do today?19Using the SMART System in the Real WorldTake the example of a business goal to bring in more revenue for a company. Company goals are:Sell more productsGet new clientsWork harder to build accounts20Business SMART GoalCreate three new sales packages by Wednesday to present to XYZ client to get additional product sales.

Instead of going for coffee at 10, use the time to call one new prospective client each day for the next month.

Analyze the existing accounts list to determine which 20% of the clients are bringing 80% of the revenues for the firm.21

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24ResourcesMs. Paschitti Website http://bcitech.org/lpaschittiPoll - http://PollEv.com/lpaschittiMuffinmilk Website - http://muffinmilk.com/#

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