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Goal Setting: An Important Factor in Performance Management

Goal-setting is very important because without a destination it doesn’t matter which road you take, you are not likely to get there. Setting goals is one of the most important ingredients for success.

Goal setting is the process of taking active steps to achieve your desired outcome. It is a powerful process for thinking about your ideal future, and for motivating yourself to turn your vision of that future into reality.

A goal is like a bull’s eye- what you work towards. The process of setting goals helps you choose where you want to go in life. By knowing precisely what you want to achieve, you know where you have to concentrate your efforts. You’ll also quickly spot the distractions that can, so easily, lead you astray.

For Performance Management, there’s a need to strike a balance between Personal Goals and Organizational Goals. Personal goals are short-term or long-term goals that can apply to your work, family life, or lifestyle. They are meant to motivate you to achieve what you want in life or who you want to be in life. Organizational goals are strategic objectives that a company’s management establishes to outline expected outcomes and guide employees’ efforts.

The importance of setting goals for yourself can be found in your openness and awareness of trying new things, planning your success, and taking action to improve an aspect of your life.

Types of Goals

  1. A Type Goals: These are Goals that you know how to handle. These kinds of goals don’t inspire or challenge you to do much.
  2. B Type Goals: These are Goals that you think you can handle. They also don’t inspire you to do more.
  3. C Type Goals: These are the kinds of Goals you have no clue how to achieve. These type of goals, inspire you to strive to achieve them and they keep you awake at night seeking ways to act on that inspiration.

These goals can also be inculcated in the organization’s operation.

How to set Goals:

  1. Set both short-term and long-term goals.
  2. Set SMART goals.
  3. Set goals that motivate you.
  4. Write your goals down and put them in a place you can see.
  5. Adjust your goals as necessary.
  6. Recognize and reward yourself when you meet a goal.

Balancing personal and organizational goals is key to living a balanced and fulfilled life. To meet your personal goals, work in an organization that supports your goals as an individual. Organizations should also become more involved in the growth of their employees.

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