In this tutorial Mike Figliuolo, discusses how to work from vision down to sub components down to subs below that, all the way down to individual goals. Goals should cascade from the highest levels down and when you add them up, they should add up to more than you need to get there to increase the chances you hit your big goals.
- Goals shouldn't just tie from your…strategy down to the individual goals.…When you add your goals up, they also need to align…from corporate goals down to the individual.…Ensure everyone's work is headed in the same direction…and people know how they fit in, how their work…contributes to the broader goals we're trying to achieve.…The way you do this is you work from the vision…down to subcomponents, then down to subcomponents…below that, all the way down to individual goals.…
Goals should cascade from the highest levels down,…and when you add them all up, hopefully it's more…than you're trying to get to at the top level.…Why?…Well, you wanna make sure that you hit that goal.…By overallocating that goal across…the organization, you're going to increase…the chances that you hit the big goal.…I worked for an operating division at one point…and we had a goal of $200 million of revenue.…There were five regions in the organization.…
Each region was given a goal of $42 million.…Now, that's $210 million.…Within those regions, each branch was given a goal,…
Along with providing guidance on how to link individual employee goals to organizational strategy, Mike walks you through the different types of goals, including bottom-up, zero-based, commit, and stretch goals. He also helps you use goals to change behaviors, build new skills among employees, and make goals actionable by using incentives and tying them to specific activities. He concludes with a comprehensive plan for setting and implementing goals, and some tips on dealing with challenges such as conflicting goals.
- Identifying goals and goal types
- Setting SMART goals
- Linking goals to business strategy
- Building goals from the bottom up or top down
- Creating stretch goals
- Outlining activities and resources to help employees achieve goals
- Reviewing and revising goals
- Reconciling conflicting goals