Planning techniques for setting goals for a large business typically involve an iterative process. An executive committee set strategic direction. Then, subordinates align their programs to the corporate goals and objectives and submit their plans for approval. The executive committee may disagree with the positioning and ask for refinements. Optimizing this process ensures that a company operates effectively.
As a certified Project Management Professional for nearly a decade, I know that setting goals establishes a firm foundation for success. This involves gathering information from all parts of a company to make vision and mission statements that resonate with employees, customers and stakeholders. A goal defines a long-range aim for an organization. It should be specific, measurable, achievable, realistic and timely. Without these constraints, I have found that you can’t translate these statements into actions that everyone can take in their operational planning and daily activities. Before I direct subordinates to develop their goals, I ask them to read about goal setting, discuss the importance and only then write down their goals for the coming year.
Planning techniques for setting goals for a large business require making critical decisions. Prioritizing activities based on their alignment to your strategic goals makes the job easier. The decision making process using involves some analysis. To do this efficiently, I like to create a decision tree. This lays out the situation so all options can be considered. The impact or consequences of achieving each strategic goal can be examine in this framework. You can quantify the potential profit of each outcome and probability of attaining it.
Establishing a dashboard helps you track and monitor activities. For example, you must define key performance indicators, such as customer satisfaction ratings, product errors or projects on schedule. As your business expands and grows, creating a dashboard using a simple spreadsheet or purchasing more complex tools can help. Planning should be more than just figuring out how to spend the allocated budget. Organization must strive to improve operations each year.
I find that organizing weekly status meetings helps keep everyone on track. Each project manager typically publishes a report that can be assembled into a single document that shows executive leadership how work is progressing in the organization. It has to be simple to view at a glance or data tends to get ignored, and the opportunity to intervene in a timely manner gets missed. For example, label work as on target with a green color, in danger with a yellow color and in severe jeopardy.