POSITION IS LINKED TO BUSINESS GOALS AND OBJECTIVES - Colonel Ajai Lal

Colonel Ajai Lal - "Leadershift Radio Show"

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Introduction
Goals and objectives are very important for businesses to thrive. Every business small or large must have clear goals and objectives which are relatable. While goals are generic and long-term, objectives are specific and quantifiable. What would be the fate of any organization where employees’ positions are in variance with its business goals and objectives? What do you need to do to ensure that positions are linked to business goals and objectives? This is how you should think when you are creating positions and staffing employees. For businesses to truly thrive and be productive, it is imperative that positions are linked with business goals and objectives. 

Show Objectives
The objective of the show this week focuses on how you as a business owner or manager ensure that position is linked to business goals and objectives. How to clearly communicate and make available the necessary information that team members require to thrive, as also, ensure the employees are aware of what is expected of them in the organization from inception.

Key Issues

1. Business owners and managers use the two terms - goals and objectives interchangeably 
2. Companies fail to set goals without measurable objectives and vice-versa
3. Individual goals and objectives do not align with that of the company
4. Goals are not communicated or revisited
5. Companies are unable to adapt to the dynamic changes
6. Business owners and managers focus on perfectly aligning positions to goals and objectives
7. Evaluation and performance measurements are not linked to the business goals and objectives.

What You Need to Know

1.  Linking positions to business goals and objectives lead to Increased Effective   Communication
2.  Increased operating margins
3.  Quicker execution of company strategy
4.  Reduced employee turnover
5.  A culture of accountability in the organization

 
What You Need to Do

1. Set S.M.A.R.T. Goals
2. Involve employees in the process of goal setting from start-to-finish 
3. Adapt goals in real-time

 
Once you set goals, focus on the 4 disciplines of execution:

1. Focus on the Wildly Important Goals
2. Act on the Lead Measures
3. Keep a Compelling Scoreboard 
4. Create a Cadence of Accountability

Shows
Previous: Episode P3.06.3 Share Expectations of Work Standards
Next: Episode P3.08.3 Individual Dashboards Provide Information on Performance

Written by Colonel Ajai Lal 
Leadership and Executive Coach | Speaker and International Radio Host | Former Chief Business Officer at NIIT | Colonel in the Indian Army (Veteran) | Former Senior Military Observer – United Nations
 
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