What are Stretch Goals? Meaning.
Stretch Goals is a term coined by Jack Welch at GE
to denote those objectives which are seemingly unobtainable with present resources.
By specifying the "unattainable", people are required to "think outside the
box", and able to improve performance by a magnitude they had never thought
possible.
If done right, a stretch target, which basically is an extremely ambitious
goal, gets people to perform in ways they never imagined possible. But if
the organization does not provide their people with the knowledge, tools,
and means to meet such ambitious goals, the effects of setting Stretch Goals
can be outright disastrous.
Some generic advice on working with Stretch Goals is:
- By definition, Stretch Goals are very difficult to meet. So don't punish
people for not achieving them.
- Don't set goals that stretch your employees crazily.
- Understand that stretch targets can unexpectedly affect other parts
of the organization.
- Don't give tough Stretch Goals to people already pushing themselves
to the limit.
- Share the wealth generated by reaching Stretch Goals.
Forum about Stretch Goals. Below you can ask a question about this topic, share your experiences, report a new development, or explain something.
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Don't Overstretch your Strategy
Often stretch goals are abused to push people for unrealistic goals. In that case employees see stretch goals as a threat, not a challenge they feel confident about.
Likewise, in strategy analysis, a...
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Quotes on Goals and Setting Goals
Let’s collect the best, famous or funny quotes on goal setting… Please share them as a reaction to this posting and mention the author. To get started, here’s one of my favorites:
An unwritten want...
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Disadvantages of Setting Stretch Goals
In an article by Ordóñez et al. the main disadvantages of Stretch Goals (SG) are described:
1. Increased dissatisfaction: Stretch goals are objectives which are seemingly unobtainable with present re...
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Advanced insights about Stretch Goals. Here you will find professional advices by experts.
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Goal Setting: Purpose, Models and Steps Goal Setting, FRAME Model, SMART Goals, Motivation, Commitment This presentation provides information about goal setting in organizations, and includes the following sections:
1. Wha...
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3 Practical Ways to Deal with Stress Coping with Stress, Avoiding Stress, Emotional Intelligence, Stress Management Workplace stress is very common and can cause higher blood pressure, illness and lower self esteem. Decreasing the stres...
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Compare with:
CSFs and KPIs |
Management by Objectives
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Result Oriented Management |
Balanced Scorecard |
Strategy Maps |
Catalytic Mechanisms |
Path-Goal Theory |
Expectancy Theory |
Illusion of Control Bias
| Incentives |
Peter Principle |
Span of Control |
Time Management
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