Goal setting

How to successfully execute your organisational strategy

Strategy plays an important role in guiding the company in the right direction and to help achieve its Vision. It is also the key to staying competent in the market. However, according to this HBR article, many companies still experience a gap between organisational strategy and its execution. Top management of the organisation spends large amounts …

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Understanding Locke and Latham’s 5 principles of goal-setting

While all companies try & put a lot of efforts in achieving the set goals, very few actually invest in setting the right ones. Goal setting is a powerful tool that can be used to motivate and challenge employees, towards achieving the company’s strategic targets. However, there is a right way and a wrong way …

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Understanding Strategy And Its Importance In The Goal Setting Process

“A vision without a plan is just a dream. A plan without a vision is just drudgery…but a vision with a plan can change the world.” – Old Proverb An old proverb but true nonetheless. Any company that fails to create plans on how to achieve its Vision is doomed from the very beginning. The …

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Understanding Balanced Scorecard and what it represents

The Balanced Scorecard (BSC) is a strategy performance management tool – a semi-standard structured report, supported by design methods and automation tools, that can be used by managers to keep track of the execution of activities by the staff within their control and to monitor the consequences arising from these actions. (Source) Developed by Drs. …

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7 reasons why organisations fail to achieve goals

You would rarely find an organization that doesn’t set goals. In the same breath, you’d rarely find organizations that consistently achieve their goals. Success or failure to achieve organizational goals stems from individual contributors’ efforts. Thus, any organization is as good as its fundamental building blocks – its people. Let us decode a few of the pivotal reasons …

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Agile Goal Setting. If Agile is the cure, here comes the elixir – OKRs

Agile methodology Companies are realising that traditional project management (waterfall or sequential methodology) is not fully efficient and thus are looking for better solutions to manage their projects. Agile methodology is the cure that has finally helped them get rid of the drawbacks. It is increasingly being adopted by teams from various industries. Agile Software …

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