Stretch Goals

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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 Forum about Stretch Goals. Below you can ask a question about this topic, share your experiences, report a new development, or explain something. Start a new topic about Stretch Goals Share your knowledge here (or ask a question)   🔥 NEW Golden Rules for Taking on Stretch Assignments Recently, my employer asked me to lead a particular tough and ailing project. Previously, several others tried to solve the problems of this difficult project and establish a system, but no one was ve... 7   2 comments 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 analysi... 4   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 unwrit... 4   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 presen... 3   Examples of Stretch Goals What are some examples of stretched goals?... 3

Expert Tips Advanced insights about Stretch Goals. Here you will find professional advices by experts. Effective Top Management Teams in Multinationals. Requirements and Characteristics Board of Directors, Leadership Teams, Multinationals, Top Team Management There are three requirements for effective top team management in large, multinational enterprises: 1. Clear charter an...

Information Sources Various sources of information regarding Stretch Goals. Here you will find powerpoints, videos, news, etc. to use in your own lectures and workshops. 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... 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  |  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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