Then, as time moves on, your dedication starts to just… fade away. Important day-to-day tasks arise and claim your attention. Employees either fail or require regular monitoring to stay on course.
Half-way through, the business environment changes so much that you are no longer sure you even want those results anymore. At the end, you either abandon your goals altogether, or find that you’ve arrived at a place that only vaguely resembles what you were aiming for.
To prevent this and to achieve your business goals, you need to:
I will cover these aspects later in the piece, but first, would you kindly answer a simple question?
Are goals present in your life, personal or professional? Most people would reply positively. “Of course, I have a goal of learning a foreign language!”, or “My company’s goal is to increase profits.” Most people make goal lists of various time scales, for their life and their work, and then evaluate their performance, success, and self-worth by how many boxes from they checked off.
Most people are wrong.
Not in that they’re trying to set goals, no. After all, a Harvard Business School MBA study clearly showed that people who have a plan and written goals are ten times more efficient and successful than those who don’t.
The problem is, what people claim to be their goals are in reality often just their wishes, at best. They are not concrete enough, not actionable enough, and don’t fulfill a number of important functions of a true goal.
And even if a business owner or manager engaged in setting business objectives learned their ropes, they often fail to account for the impact of the VUCA world (more about that in a moment).
So, what differs a goal from an item in your wishlist?
Business goal planning structure:
VUCA (Volatility, Uncertainty, Complexity, and Ambiguity) is a concept that describes the current state of the global business environment in which modern organizations have to operate. It states that nowadays, a number of new factors impact business landscape in ways that didn’t exist before. Companies should take into account these changes and VUCA in order to withstand the challenges.
An important premise of the VUCA world is that failure in itself isn’t necessarily a bad thing, as long as you learn something from it. This principle is vital to any organization’s endeavor, especially for something as global and consequential as business goals.
But what if you don’t want to wait till your long-term goals fail to learn a lesson?
In this case, you should establish an elaborated feedback loop at every stage of your business planning process: from the current situation to the original action plan, from the plan to goals, from the goals to the market analysis.
Feedback loop allows you to make timely changes to your original objectives and goals, keeps your business outlook updated and relevant.
There’s plenty of planning and task management solutions on the market for every need and budget. Long-term planning and PM tools like Goals by KeepSolid; Balanced Scorecard software like QuickScore; business management apps like Scoro; KPI tools like Simple KPI, etc.
These and many other services will help you ensure that your business goals are met. The only drawback is, nowadays the market is getting filled to the brim with all these dedicated and specialized tools.
Unless you’re a full-time project manager, you might find it overwhelming to find the solutions (or a combination of thereof) you need.
There are two easy workarounds to this problem. First, you can find a guide or a person who will explain what tools to use in your particular case, and how to set them up.
Second, and arguably more preferable if you don’t want to spend days and even weeks figuring everything out, is employing planning and management multi tools.
These solutions combine many capabilities that you can find in other services, but do this in an inherently synergistic way.
What to look for in multi tools for achieving business goals:
(Originally published here)