personal reflex2 - Greg Lim TA Chris Dean Personal...

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Greg Lim TA: Chris Dean 2/19/08 Personal Reflection #2 Planning, the process of choosing a goal and developing a strategy to achieve it, and decision making, the process of choosing a solution from available alternates, are two of the most important concepts not only in business but in life itself. Chapter 5 delves deeper into what actually goes into creating an effective plan and the different methods of coming to a decision. Just like in any other activity, planning and decision making have clearly defined steps that help to develop effective plans and make rational decisions. Also, when ultimately choosing what is the best decision, groups are often used to determine the final outcome, but there are advantages and disadvantages the come with the use of groups. As stated previously, planning is the process of choosing a goal and developing a strategy to achieve that goal. However, in order to achieve the benefits of increased individual and organizational performance from planning, the plan must follow five clearly defined steps, setting goals, developing commitment, developing effective action plans, tracking progress, and maintaining flexibility. The first step in creating an effective plan is goal setting. The purpose of a goal is to direct behavior and increase effort. The most used guideline in creating an effective goal is the S.M.A.R.T. goals method in which the goal is specific, measurable, attainable, realistic, and timely. For a goal to be specific, it would have to be adding 20 new clients and not simply add new clients. To be measurable, there must be some way to keep track of new clients acquired. To be attainable, there must actually be clients out there for the company to take on. To be realistic, the number of new clients to be added cannot be an outlandish number such as 100 that 1
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will never be realized. Finely, for a goal to be timely there must be some sort of time frame or date by which the goal must be met. The next step in effective planning is developing a commitment to goals. Commitment to goals can be defined as the drive to achieve a goal. Without a solid commitment to a goal, there is nothing stopping you from veering off from your goal and missing it completely. One technique for creating a commitment to goals is by setting goals participative instead of simply assigning goals to others. Through their participation in the goal setting process, employees have more stock in the goal and will be much more inclined to achieve the goal. Another way of creating commitment to a goal is to make that goal public. By making a goal public it places more pressure on the individual to actually follow through with their goal. Developing an effective action plan is the next step in creating a good plan. An action plan clearly defines and lists specific steps, people, resources, and time period for accomplishing a goal. Specific steps states how the goal will be accomplished. The people aspect of an action plan defines who will be involved in accomplishing the goal.
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  • Spring '08
  • Hayes

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