Page 64 - DCOM102_DMGT101_PRINCIPLES_AND_PRACTICES_OF_MANAGEMENT

Principles and Practices of Management

Notes The objectives must be:
1. focused on a result, not an activity
2. consistent
3. specific
4. measurable

5. related to time
6. attainable
The traditional goal-setting method was developed in the late 1800s in the manufacturing
industry: If you want to produce X number of units at the end of the assembly line, you need to
do A, B, C, and D. While this method works well in factories, it will produce limited, short-lived
results in the business arena.

The problem is that only the process is taken account with this method—there is no mention of
the participant. But, for long-term success, being the right person is just as important as doing
the right things. Without a significant change in our thinking, behavior and expectations, we can
never develop a habit of success.

Caselet Why Traditional Goal Setting doesn’t Work?

f you have a $100.000.000 in the bank, drive new Lexus, look like a movie star and have
a perfect health save yourself some time and do not read this article. This article is for
Ipeople, who don’t have all these things, but are planning on changing that slight
inconvenience.

So how do you change it?
Every January millions and millions of people decide to start better and healthier life. We
plan to change so many things and set so many goals. “I will exercise at least three times
a week”, “I will spend more time with my family”, “I will find a better job”, “I will stop
smoking” the list goes on and on. Now if you know anything about goal setting, you’ll
know that the first thing you have to do is to write down your goals on a piece of paper.
Then you have to decide step-by-step how you are going to achieve those goals and form
a plan of action as detailed as possible. All you have to do just follow the plan.
That’s a great theory, which hardly happens in reality. In reality your enthusiasm and
concentration lasts a couple of weeks and than everyday routine gets to you. You skip an
exercise here, get frustrated and smoke a cigarette there, or start jumping from one goal to
another and at the end of the year nothing ever gets done or achieved.
Why this theory alone doesn’t work.
1. We often have so many goals it is hard to know where to start and how to proceed

2. We continually jump at different goals and as a result nothing gets done
3. It is hard to remember all the goals
4. Enthusiasm and excitement wears off

Contd...

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