Look at it this way—if every time you and your team develop goals for your organization all of the goals are achieved every time, take it as a sign that you should be more ambitious. Goals should challenge! Working toward goals should test you and make you grow.
But if the opposite happens and it becomes clear that your strategies and actions are not moving you toward success, you’ll need to stop and discuss. You must understand why things aren’t happening and decide what you can do about it. For sure, a change will have to be made, but how might you figure out what to change?
Today we’ll break down the elements of working toward goals — the actions taken, the strategies, which are pathways, and finally, the goals themselves. Our objective is to recognize what part of the plan is fatal and what is fixable. Spoiler alert–everything is connected. Each component of your plan must support, and be supported by, the other components.
Actions and strategy
It makes sense to start by examining actions—closer to ground level. Every action you or your team takes should be devised to align with and support a specific strategy. All actions should have a purpose that is readily identifiable as a cog in the wheel that carries out a strategy. So if the wheel stops turning, it will not be too difficult to pinpoint the problem and make whatever necessary adjustments.
You may also benefit from rethinking the metrics used to monitor the efficacy and progress of the actions. Are you tracking and measuring the right data? Does the data provide an accurate picture of how your action items contribute to reaching the goal? If not, reevaluate and substitute more meaningful metrics.
Strategies and customer priorities
What matters most is that customer preferences and priorities are tied to and reflected in your strategies. If you’ve analyzed your team’s performance and your actions are on target as regards the plan, then the problem may well lie in the strategy, the wrong path. Perhaps it’s no longer viable?
Or maybe you’ve overlooked other data that indicate customer needs and interests are evolving? If that’s the case, you’ll need to update to ensure that your strategies align with what matters most to customers. You may not need to revise your goals but rather, revise strategies.
Verify the alignment, or lack thereof, between your tactics and strategies. Remember that your actionable tasks are designed to further a certain strategy. It is therefore essential to confirm that you’re using the right tactics to impact the strategy.
SMART Goals
If you’ve taken a cold, hard look at both the strategic and the tactical plans without pinpointing an opportunity for making a timely and productive shift, then it’s time to reconsider your choice of goals.
The problem with your goal may be situational — i.e., what was a valid, realistic goal has lost its luster. The world has turned and now you need to play catch-up and align with the current environment and market. Or it could be that there’s nothing wrong with the goal itself; you just haven’t fully identified, defined and fleshed it out. Reality test your goals by asking yourself the following questions:
SPECIFIC: Specific means “Show a revenue increase of $X and growth in profit of Y% by the end of the current fiscal year,” and not “show an increase in revenue and growth by the end of the fiscal year.”
MEASURABLE: What are the metrics you’ll use to document your progress (and why are they relevant)?
ACHIEVABLE: Is your goal attainable and realistic both in the absolute sense and within the resources—-time, expertise, money—-you can devote to its achievement?
RELEVANT: Does your goal make sense? Does it align with your values and mission of your organization? Does it get your company closer to where you want it to be, in market penetration, referrals and repeat business, revenue earned, or profits made?
TIMELY: Is the time right to pursue and benefit from the attainment of this goal? Also, do you have a clear starting point and metrics targets or deadline date to assess the final result of your initiative?
Thanks for reading,
Kim
Image: ©Winslow Townson, Associated Press. New England Patriots quarterback Tom Brady in the huddle at the December 17, 2017 game against the Steelers at Heinz Field in Pittsburgh, PA
