Do you know what your company’s goals and objectives are and how do you plan to achieve goals in your company? You’re not alone in scratching your head. Clear goals, such as “become the market leader,” provide direction and are required for companies to grow. Not to mention that they foster trust in leadership, aid in the definition of strategic priorities, and keep people motivated.
However, according to a recent Gallup poll, only 22% of employees strongly think that their organization’s leadership has a clear vision, and only 33% are engaged. These sobering statistics have major commercial ramifications: disengaged employees are less productive, which has a detrimental influence on company growth.
So, if clear goals provide direction and help keep staff engaged, why isn’t there a better way to measure them so you can actually meet your company’s objectives?
We have described some of the measures which you can be used for achieving company goals and objectives.
1. Determine your overarching company goals and objectives.
Your firm, business unit, or department most likely has a mission statement that you should follow. What amount of growth do you need to achieve this year to advance your mission work? It might be a rise in revenue, new users, individuals assisted, or some other metric. And, in order to attain this figure, you may need to increase brand exposure in the marketplace, meet hiring targets, or enter an entirely new industry.
The objective here is to keep refining your focus until you have zeroed in on the highest-level targets that will help you meet your year-end growth target.
Once you’ve determined your goals, such as “become the industry leader,” break them down into objectives like “grow sales by 10% year over year.” You may have several objectives for each aim, which is OK. This is not the moment to say, “the more the merrier.” Instead, your mantra should be “quality above quantity.” Also, make certain that each goal is clear, concrete, and reachable.
2. Keep track of your company goals and objectives in a conspicuous location.
When new goals are created, there is an excitement to discuss and talk about such plans. Everyone is enthused about them at first, but when day-to-day demands take over, they begin to fade into the background.
People forget about them when they’re “out of sight, out of mind,” and they can’t tell if they’re meeting their goals efficiently (or at all). But there is a simple solution: keep track of your goals in one location where everyone can find and access them. You can make use of project management tools to keep a track of these goals and objectives and keep your team lined up with them.
The following are some of the advantages of making clean strategies to achieve goals:
- They are more likely to stay at the forefront of people’s minds (i.e., people will remember what the goals are!)
- Demonstrates that the leadership has a clear vision (which builds trust).
- Assists employees in comprehending the significance and influence of their work (what they do matters!)
3. Commit to the Company’s Objectives
Effective goal planning necessitates clarity about what the objective entails, understanding of the type of effort required, and precise reasons why it is essential to you. It also includes a strategy for completing each phase, as well as, perhaps most crucially, a commitment to see the goal through to completion.
You will confront an unduly difficult struggle if you are unable to commit to the goal by taking the time to build a strategy and scheduling the time to focus on the action steps that will move you closer to your objective.
4. Establish defined milestones to achieve goals and objectives
Once your objectives are documented in a centralized location (that everyone can access), it’s time to determine the milestones that will help you reach them and keep you on track. Consider this your action plan, complete with specific goals and a timetable.
For example, if you want to “grow year-over-year web traffic by 10% in the first quarter,” one of your milestones may be to “raise year-over-year web traffic by 10% in the first quarter.”
What constitutes a good milestone?
- It is quantifiable: Determine a precise metric—likely a number or qualitative result—that you want to achieve during this milestone so that you know what you’re aiming for. This is not the time to be ambiguous.
- It has a due date: Make it clear when you aim to reach this goal. A firm deadline will help you and your team stay on track.
- It is the fault of someone: Assign or lead efforts to someone who will be in charge of accomplishing the milestone. It’s best to choose someone whose job and responsibilities correspond to the projects and tasks that will be completed.
5. Create a Support System for Your Business
- A support system can help you achieve your goals in a variety of ways, including:
- Be inspired by the fact that you have a strong squad on your side.
- Learn from your team’s experiences and backgrounds.
- When you confront difficulties, your team can encourage you.
- Your team can hold you accountable for doing what you say you wish to do.
- Your team can offer an alternative viewpoint to your own.
- Your team can assist you in celebrating your accomplishments.
Your support system can include family, friends, mentors, coworkers, or anybody who believes in you and wants you to succeed. Be proactive in hiring the ideal personnel for your colleagues.
6. Projects should be linked to milestones and goals.
Now it’s time to get down to business, identifying the programs and initiatives that you and your team will work on to meet your goals. This stage is crucial for retaining your employees’ interest in their work. People want to know that what they do is important, and the best way to demonstrate this is to link their work to high-level goals.
This step will also benefit your organization: engaged staff is more likely to stay with a firm, to be more productive, to function as effective brand ambassadors, and to give a better customer experience, all of which help boost sales and profitability.
In order to achieve your aim of “accelerating brand recognition,” you know you need to boost web traffic by 10% in Q1. How are you going to accomplish this? This milestone could include efforts such as “conduct a Valentine’s Day social media campaign” and “publish three new customer tales in Q1.” As with milestones, it’s critical to designate a project owner, set a deadline, and specify all of the work that must be completed.
7. Share progress updates and congratulate yourself on your accomplishments.
Share these updates where you’re tracking the goals as your team completes projects and reaches milestones. Everyone can see progress and celebrate the accomplishment, which is wonderful for employee morale and engagement. So, if your Valentine’s Day social media campaign goes viral and helps you meet your Q1 online traffic goal, share the results and thank the team who worked on it.
Of course, things do not always go as planned. There will be projects that are pushed back and milestones that are missed. This information must also be disseminated so that plans may be adjusted and priorities can be shifted before it’s too late.
8. Make use of previous goals and results to guide your planning.
Congratulations! You’ve finished projects, reached milestones, and achieved your objectives. Because you have a record of all of this information (because you’ve been recording it), use the lessons learned to inform your company’s planning for the coming year. Carryover a goal (is expanding brand awareness ever truly done?) or create new goals depending on business and growth opportunities.
9. Consider Your Company’s Objectives Positively
Being confident in your capacity to attain your goals might help you succeed. If you want to attain your goals, you must believe in yourself.
It is critical to think positively, encourage oneself, and be encouraged by your support team. Positive thinking may often get you through difficult obstacles, unexpected adjustments, and other tests of will.
10. Every goal’s accomplishment should be celebrated.
Even little victories should be celebrated throughout the goal-setting and achievement process. By celebrating, you are taking the time to acknowledge the effort that went into your accomplishment while also motivating yourself to continue pushing forward to the next phase of your goal.
Celebrating achievement is also an excellent approach to bring each stage of the process to a close and return invigorated and refocused on your future growth.
Following these powerful goal-setting methods will allow you to break down your long-term goals and take baby steps each day to come closer and closer to your success.
How Projectopia can help you in achieving company goals?
Following these powerful goal-setting methods will allow you to break down your long-term goals and take baby steps each day to come closer and closer to your success. In order to create a route map for your goals and objectives, you can use a project management tool like Projectopia.
Projectopia is a dedicated project management tool that will enable you to manage your tasks, projects and see the progress of all team members. It is a single project management software where you will be able to manage lots of activities together. You can see the real-time progress of all projects and also manage leads, clients, and invoices.
By keeping track of all these key areas, business owners and team members will be able to collaborate and contribute their efforts towards current goals and end up achieving it all!
We hope that by following these steps, you will be able to stay on track and keep your team motivated in their work, allowing you to achieve your goals all year.
Want to keep a proper track record of your projects and achieve company goals? Check out Projetopia, a dedicated project management tool to manage all your projects easily. Reach out to us with your project requirements and our consultants will connect you soon.