Management

 

Steps for Identifying and Prioritising Goals

 

Setting goals helps create a long-term vision for your business and gives you and your team the motivation to get you there. And it has the added benefit of helping you decide how you want to focus your resources and spend your time.

 

Here are some simple steps to help you and your team set meaningful goals:

 

• Once or twice a year, review your business’s activities and your team’s roles, looking for possible high-value goals. Include relevant customers and your team in the process.
• Identify criteria for prioritising your goals, e.g. which goals will contribute the most to revenue growth?
• Using the criteria you’ve defined, review your list of goals rank them as A, B, or C-level priority. Add the ranking to the goal.
• Reassign your Priority B goals into Priority A or Priority C — they’re either worth your time or not. Those that are now on your Priority A list are your final goals.
• Review your Priority A goals separately and rank them according to importance.
• Goals on the Priority C list can be delegated, set aside for a later date, or discarded altogether.