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The Folly of Stretch Goals

Harvard Business Review

Deming insisted that companies, "Eliminate management by objective." Enron rewarded its executives with large bonuses for meeting specific revenue goals, irrespective of the profitability or the riskiness of the moves. In my opinion, there can be no such debate over the lack of usefulness of stretch goals. Here's why.

Goal 14
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Guest Blogger George L. Morrisey: Are You Ready for Strategic Planning?

leaderCommunicator

Team members need to reach a consensus in their answers to these questions before moving ahead. Like other management processes, strat­egic planning must be organized, communicated, and implemented systemati­cally. Executive Overview, pages 1-3. What do we need to do dif­ferently this time?