Goal setting is one of the most important things to do when you have to achieve something. People nowadays tend to find shortcuts in their career on how they can make it to the next level. There are two ways on how you can achieve what you want. We have the SMART Goal and the Stretch Goal.
In 1981, Mr. George Doran published a paper entitled SMART Way To Write Management’s Goals and Objectives. This is actually the first time that SMART is used for an acronym. SMART means Specific, Measurable, Assignable, Realistic and Timeline. Most of the companies use this kind of goal setting.
Stretch goals allow us to stretch our imagination, potential and ability. Imagination is important in Stretch goals. In this kind of goal setting, there’s no concrete steps on how to achieve something but rather going further for what you can do. This approach is more challenging than the SMART goal.
SMART Goals are concrete but rigid in nature because it offers a concrete and distinct plan of action so people know exactly what to do to achieve the desired goal. While Stretch Goals are more daring but vague. It inspires people to think big and push their limits of potential and ability. It allows people to keep their focus in the big picture and encourage creative approaches.
There are pros and cons in both SMART and Stretch goals but in some circumstances, one of this can be a best one.