FAST Method to Goal Setting (PowerPoint PPT)

DESCRIPTION

This product (FAST Method to Goal Setting) is a 19-slide PPT PowerPoint presentation (PPT), which you can download immediately upon purchase.

To execute strategy, leaders must set ambitious targets. This must be translated into specific metrics and milestones. It must be made transparent throughout the organization and progress are discussed frequently. This is the FAST Method to Goal Setting.

Goal Setting used to be done in a conventional way. Managers hold one-on-one meetings with their subordinates to set goals. Performances are reviewed against objectives and these are linked to promotion and bonus decisions. The same managers aspire their goals to be SMART—Specific, Measurable, Achievable, Realistic, and Time-bound.

But this conventional wisdom of goal setting rarely asks the fundamental question—does it work? The traditional approach to goals cannot ensure successful strategy execution. An alternative is necessary.

This presentation explores the new alternative to goal setting that will effectively ensure successful strategy execution: The FAST Method to Goal Setting. The FAST Method embodies 4 core principles underpinning Effective Goal Systems:

1. Frequently Discussed
2. Ambitious
3. Specific
4. Transparent

Effectively mastering the FAST Method will enable organizations to drive strategy execution effectively and successfully.

This deck also includes slide templates for you to use in your own business presentations.

The FAST Method to Goal Setting is a game-changer for organizations aiming to enhance their strategy execution. By embedding goals in frequent discussions, aligning them with specific metrics and milestones, and ensuring they are ambitious and transparent, the FAST Method drives accountability and performance across the board. This approach not only fosters a culture of continuous improvement, but also ensures that objectives are consistently aligned with the strategic vision of the organization.

Organizations in dynamic sectors, such as media and information technology, have seen significant benefits from setting and reviewing goals on a quarterly basis. This allows for timely course corrections and keeps the team focused on achieving ambitious targets. The FAST Method's emphasis on transparency also leverages peer pressure to boost performance, making it a robust framework for any organization looking to elevate its goal-setting practices.

Got a question about the product? Email us at flevypro@flevy.com. If you cannot view the preview above this document description, go here to view the large preview instead.

Source: Best Practices in Performance Management, SMART, Goal Setting PowerPoint Slides: FAST Method to Goal Setting PowerPoint (PPT) Presentation, LearnPPT Consulting