Docstoc

CORPORATE GOAL SETTING

Document Sample
CORPORATE GOAL SETTING Powered By Docstoc
					CORPORATE GOAL SETTING
Define the mission of the organization in line with vision of the organization » Spell out the spirit and the core objective of the organization


Define the path how to reach the mission  Highlight the strategy to realize the mission


Set goals for the organization » Concrete shape to the mission in terms of specific activity » Make feasible targets and quantify them » Give time frame for achieving the targets fixed


The goals set must be SMART » Specific » Measurable » Achievable » Realistic  The orgn. has to do SWOT analysis » Strengths » Weaknesses » Opportunities » Threats


Setting Departmental Goals
1. 2.

    

After the setting the organizational goals they are to be broken into departmental goals An organization may have various divisions / departments The department may have further sections / subsections Each department / sections should have SMART goals These departmental goals are invariable how to be derived from organizational goals The combination of all departmental goals becomes the organizational goal Many organizations make use KRA s( Key Result Areas for achieving sectional / departmental / organizational goals

Setting individual goals  The departmental / sectional goals can be further broken into goals of each individual job holder  The individual goals should also be SMART  The individual goals may be turned as KRA s and KPA s with quantifiable performance index  Individual goals vary from job to job depending upon nature of the organization / department / section » Plant maintenance – reduce rate of breakdowns from 8 % to 5% » Production department – Increase production by 10% decrease rejection rate from 4% to 2.5% » Marketing manager increase sales volume by 20%

Decide competency parameters » Parameters do not measure performance » They measure competencies and potentials of the individuals  Competencies for assessment » Job knowledge – Complexities – Enlarging knowledge relevant to job- Application of job » Mental ability Logical thinking Analytical Perspective Grasping issues quickly » Team work Willingly seek and give support Getting along with people Respect for others Commitment to group goals


Innovativeness » Alternative solutions to problems » Creative suggestions » Experiment with new ideas  Initiative » Self starter » Taking lead in actions » Willing to act on his own  Emotional maturity » Coping up with stress » Objective view in all situations » Open mind » Tactfulness and self discipline »Willing to receive suggestions / feed back


Communication » Express well orally and writing » listen affectively » Quick grasping » Clarity of thought at all times  Leadership » Motivating and inspiring » Effort to develop subordinates » Initiative and creativity Can he influence others by his life style  Quality of work » Standard of output »Methods and systems  Time control » Utilization of time optimally sticking to the time schedule  Attendance » Regularity to duty »Punctuality to duty


Planning and organizing » ability to anticipate work and related problems » Matching the work schedule with plan of action  Problem analysis and decision making » Can we identify problems » Can we take consistently sound, timely and optimal decisions  Self motivation » Can we provide thrust by personal examples » Can he set and achieve to difficult targets  Responsiveness to change » As he got skills to quickly interpret and adjust to new situations » Openness to new ideas » Adoptability to change



				
DOCUMENT INFO