Goal Setting

Goals provide a definite platform for an organization and the employee to debate and arrive at a mutual consensus as to what is achievable

The performance of the organization is directly or indirectly determined by the goals set and achieved for each employee of the organization

By clearly articulating what employees are expected to do, and by reviewing their progress regularly, managers can help the employees gain the strength and direction necessary to achieve

individual goals

Goal setting helps employees assess their individual growth and professional development periodically. It has measurable, long-term benefits in improving organizational efficiency and employee productivity

Goal setting should be an ongoing process throughout the year and not a one-time process. Individual goals should flow downwards and be aligned well with the organizational and department-level goals

If the leaders are clear on the goal then they can drive their team members towards that and hence we define the goals for the leaders

the process starts by defining organizational goals. These goals are then translated into quantitative and qualitative goals for the top management

Goal setting should ideally be top down as it allows a clear one year vision for the company and each level of its employees around revenue, important strategic initiatives that the company plans in that year

What should be the goal

• Set achievable and challenging goals that align with the organization
• Set deadlines to achieve the goals
• Monitor and measure the results
• Course correction by managers whenever required
• Give ownership to the employee
• Provide education and training

Benefits

• The objectives are linked directly/indirectly to the company’s objectives
• Managers can track their team’s goals
• Leads to employee satisfaction
• The two way communication between the manager and the employee creates an element of transparency and clarity in terms of what is expected out of each individual
• The review mechanism allows the flexibility of periodically revisiting the set objectives

Welcome to WALL STREET

understanding stock market

Once upon a time in a village in India , a man announced to the villagers that he would buy monkeys for $10.

The villagers seeing there were many monkeys around, went out to the forest and started catching them.
The man bought thousands at $10, but, as the supply started to diminish, the villagers stopped their efforts. The man further announced that he would now buy at $20. This renewed the efforts of the villagers and they started catching monkeys again.

Soon the supply dimi nished even further and people started going back to their farms. The offer rate increased to $25 and the supply of monkeys became so little that it was an effort to even see a monkey, let alone catch it!

The man now announced that he would buy monkeys at $50! However, since he had to go to the city on some business, his assistant would now act as buyer, on his behalf.

In the absence of the man, the assistant told the villagers: ' Look at all these monkeys in the big cage that the man has collected. I will sell them to you at $35 and when he returns from the city, you can sell them back to him for $50. '

The villagers squeezed together their savings and bought all the monkeys.

Then they never saw the man or his assistant again, only monkeys everywhere! Welcome to WALL STREET.

5 ball logic of life

Imagine life as a game in which you are juggling some five balls in the air. You name them - work, family, health, Friends and spirit and you're keeping all of these in the Air.


You will soon understand that work is a rubber ball. If you drop it, it will bounce back.


But the other four Balls - Family, Health, Friends and Spirit - are made of glass. If you drop one of these; they will be irrevocably scuffed, marked, nicked, damaged or even shattered. They will never be the same. You must understand that and strive for it.