Setting SMART Objectives

Nothing happens until we plan and good plans have goals and objectives. Setting goals and objectives correctly provides the necessary support and aids in there achievement. Before we dive into how to go about setting SMART objectives, it’s important to understand that there is a world of difference between goals and objectives.

Goals relate to our aspirations, purpose and vision. For example, I have a goal of becoming financially independent.

Objectives are the battle plan, the stepping stones on the path towards the achievement of my goal.

A goal may have one or many objectives that would need to fulfilled to achieve the goal. For example, to become financially independent I would need to 1) get out of debt, 2) improve my saving and 3) start a business.

The most well known method for setting objectives is the S.M.A.R.T. way, the SMART approach is well understood amongst managers, but is poorly practiced. S.M.A.R.T refers to the acronym that describes the key characteristics of meaningful objectives, which are Specific (concrete, detailed, well defined), Measureable (numbers, quantity, comparison), Achievable (feasible, actionable), Realistic (considering resources) and Time-Bound (a defined time line). Lets look at these characteristics in more detail.

http://www.thepracticeofleadership.net/2006/03/11/setting-smart-objectives/

“There’s a difference between interest and commitment. When you’re interested in doing something, you do it only when circumstance permit. When you’re committed to something, you accept no excuses, only results.” – Unknown