Step 1: Define Strategic Goals Aligned with Vision and Mission
- Align strategic goals with the overall vision and mission.
- Ensure that goals are specific, measurable, achievable, relevant, and time-bound (SMART).
- Goals can be created for the long term, not just for the current financial year.
Step 2: Establish Objectives for All Levels
Company Objectives:
- Break down high-level goals into specific objectives for the entire organization.
Department Objectives:
- Translate company objectives into department-specific goals.
- Ensure alignment with overall company goals.
Team Objectives:
- Further, refine department objectives into actionable targets for teams.
- Encourage collaboration and alignment within teams.
Individual Objectives:
- Align individual goals with team objectives.
- Define clear responsibilities and contributions towards team and departmental goals.
Aligning company, department, team, and individual goals with actionable steps, focused metrics, and motivational drive ensures organizational alignment and success.
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Step 3: Enable Key Result (KR) Creation
- Determine key metrics and milestones to measure progress towards objectives.
- Assign Key Results to contributors based on their roles and responsibilities.
- Ensure that each Key Result supports the achievement of its corresponding objective.
- Key Results (KR) can be categorized into three measuring types:
- Increase: Aiming to increase a specific metric or outcome over a defined period.
- Decrease: Targeting a reduction in a metric or outcome as an objective.
- Control: Maintaining a metric within a specified range or threshold.
- Additionally, KR can be classified into two non-measuring types:
- Percent: Tracking progress based on percentage completion towards a goal.
- Task: Focusing on completing specific tasks or milestones to achieve an objective.
These variations provide flexibility in tracking and achieving progress toward objectives.
