Once upon a time, in a business management world that seems more remote with every passing day, SMART goals (specific, measurable, achievable, relevant and time-based goals) were enough to support business success. No more.
Just as the annual performance appraisal, tied to the year's accomplishments and the annual raise, is a dinosaur, so are SMART goals as traditionally defined in goal setting exercises. Now, don't misunderstand me. I believe in goal setting.
Goal setting is the foundation for personal and business success. It is time, however, in the business environment existing today, to expand the meaning of SMART goals. And, perhaps, one word per letter is no longer enough to define a useful acronym. Stretch your imagination with me as we relook at the words that define successful goals in goal setting.
SMART Acronym Newly Defined for Goal Setting
- I'll start with S. In addition to specific, don't stretching, systematic, synergistic, significant and shifting round out the picture?
- M means measurable, but I also recommend meaningful, memorable, motivating and even, magical.
- A is an achievable goal but A also needs to stand for action plans, accountability, acumen and agreed-upon.
- R means relevant, but it also stands for realistic, reasonable, resonating, results-oriented, rewarding, responsible, reliable, rooted in facts and remarkable.
- T means time-based and it also represents timely, tangible and thoughtful.
Fast Change Requires Direction: Goal Setting
So, do you need to desert SMART goals in the current work environment? Not at all. But, you definitely need to expand their meaning if the goal-defining acronym, SMART, is to serve you well in the current and upcoming business climate for goal setting.
Events in the workplace are moving faster and faster. To stay competitive, you must shift direction, based on customer requirements, sometimes daily. Your goals need the same flexibility. In a performance management system, this is why goals are reviewed, at least, quarterly. Hop on the new SMART goals express, because as Alice said to the proverbial Cheshire Cat, "'Would you tell me, please, which way I ought to go from here?
'That depends a good deal on where you want to get to,' said the Cat.
`I don't much care where--' said Alice.
`Then it doesn't matter which way you go,' said the Cat."
In today's competitive business climate, it does matter which way you go. The redefined SMART goals for goal setting will help you get there.
More Resources for Goal Setting
- Achieve Your Dreams: Six Steps to Accomplish Your Goals and Resolutions
- The Awesome Power of Goal Setting: Ten Tips for Triumph
- The Darker Side of Goal Setting: Why Goal Setting Fails ...
- The Top Ten Resolutions for Your Possible New Year
- Build a Strategic Framework: Mission Statement, Vision, Values ...
- Build a Value-Based Organization
- Quotations About Goal Setting