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Smart goals VS Fast goals 

OKR software-Datalligence
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Let it be a SMART goal or a FAST goal, Goals are the strategic outcomes that all organizations implement or act accordingly to accomplish their desired results. These are action plans that all organizations strive to achieve. Goals are implemented for the employee to let them know what is the desired outcome and what should be expected of them in the specific quarter or annually. Goals are like metrics and it helps you to create greater success as a business. Goals for the organization are decided and implemented by the head or the managerial head of the company. Every organization has its vision and mission. The majority of the time goals are set according to the vision and mission. Therefore Goal-setting  is an integral part of the company. It articulates what the business aims to do in the long run. Goals are divided into parts. 

  1. SMART Goals 
  2. FAST Goals 

What is a SMART goal:

SMART goals are otherwise known as Specific, Measurable, Achievable, Relevant, and Time-bound goals. SMART goals are more of a traditional method of goal-setting framework that companies follow. SMART is an easy way to create goals, but it lacks the visibility to achieve business goals. SMART is a goal-setting tool that explains how to describe goals with associated timelines. You can have a better understanding of SMART as shown below 

Five Significant SMART criteria:

  1. Specific: Questions such as What, When, Where, and How the goals must be achieved are answered. The goal should have a specific numerical target. 
  2. Measurable: The goals must be measurable so that the managers can track the progress of each employee. Goals must be measurable in metrics so they can be easily understood. 
  3. Attainable: Goals need to be realistic meaning attainable and should be catered suitably to the employees. Unattainable and unrealistic goals, if given to the employee usually causes unproductiveness and also can lead to a loss of motivation. 
  4. Relevant: Goals that are created must be aligned with the objective, vision, and mission also. Goals that are not aligned and irrelevant goals won’t lead to the desired outcomes and the fulfillment of organizational objectives. 
  5. Time-Bound: All goals must be time-bound meaning a period must be set to achieve the respective goal. Goals achieved before the period, won’t be useful for the organization and won’t create the same impact. the goals should have reasonable deadlines, and they should be achieved within that. Goals need to be time-bound to be effective.