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Posts Tagged "goals"

Many Strategies Fail Because They’re Not Actually Strategies

Posted on November 15th, 2017 by The Learning Factor

Many strategy execution processes fail because the firm does not have something worth executing.

 

The strategy consultants come in, do their work, and document the new strategy in a PowerPoint presentation and a weighty report. Town hall meetings are organized, employees are told to change their behavior, balanced scorecards are reformulated, and budgets are set aside to support initiatives that fit the new strategy. And then nothing happens.

 

One major reason for the lack of action is that “new strategies” are often not strategies at all. A real strategy involves a clear set of choices that define what the firm is going to do and what it’s not going to do. Many strategies fail to get implemented, despite the ample efforts of hard-working people, because they do not represent a set of clear choices.

 

Many so-called strategies are in fact goals. “We want to be the number one or number two in all the markets in which we operate” is one of those. It does not tell you what you are going to do; all it does is tell you what you hope the outcome will be. But you’ll still need a strategy to achieve it.

Sourced through Scoop.it from: hbr.org

One major reason for the lack of action is that “new strategies” are often not strategies at all. A real strategy involves a clear set of choices that define what the firm is going to do and what it’s not going to do

How to Support Employees’ Learning Goals While Getting Day-to-Day Stuff Done

Posted on August 2nd, 2017 by The Learning Factor

Many of the most successful people had to fight tooth and nail for opportunities to learn new skills and advance up the corporate ladder. That’s often because what they wanted to learn and achieve wasn’t in sync with what their bosses wanted for them. You’re not a data scientist. You’re not cut out for engineering. Sales isn’t what you do. Lines like this are still used all too frequently when employees tell their managers that they want to move in a new direction.

 

But this is only half the story. Managers are under tremendous pressure to generate results. You have annual quotas, quarterly goals, and increasing competition. Who has time to let employees go learn skills that may not be relevant for years, or may not serve your unit at all?

 

I hear these challenges all the time as I work with managers at all levels, particularly in large corporations. I’ve also faced them myself with the companies I founded and scaled. It’s a tough balancing act. But I’ve learned key lessons to help managers turn lofty goals — such as making learning and development a central pillar of the workday — into real actions that mitigate damage to, and even help strengthen, the bottom line. Here’s how.

Sourced through Scoop.it from: hbr.org

It’s good for them, the team, and the company.

The Year Is Half Over: How Are You Doing On Those New Year’s Resolutions?

Posted on July 7th, 2017 by The Learning Factor

Goals or resolutions set on New Year’s Day typically emerge from great intentions, motivation, and commitment. So, why is it so notoriously difficult to stick to them? By now, research indicates that the percentage of people following through on those good intentions may be in the single digits.

 

But that doesn’t mean that there isn’t still hope, says coach, speaker, and professional skydiver Melanie Curtis. Even if you’ve abandoned those January goals, the midyear point is a great time to reevaluate and make something happen before the end of the year.

Sourced through Scoop.it from: www.fastcompany.com

There’s still hope for meeting your goals. Here’s a plan to get back on track.

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