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How And When To Revisit Your Organizational Objectives
Disruptions as a result of the Covid-19 pandemic have led to heaps of inward analysis, reassessment, and revisitation of long-held objectives – for employees, teams, and organizations as well. It is no secret that organizations have been pivoting towards arising business models on a huge scale. The global pandemic ended up triggering a new sort of interest in digitizing operations to allow virtual work and establishing an employee-oriented workforce that is focused on wellness, safety, agility, and health. However, adapting to this change by revisiting objectives and making small changes has come out to be a fraught exercise for organizations and employees. However, not taking the leap comes with plenty of risks too.
When to revisit organizational objectives?
Establishing objectives demands intentional thinking and awareness about the present trajectory. Here is how you can determine when it is the right time to revisit and revise your objectives.
1. Figure out the why
You must always be mindful of how your choices are moving you towards your objectives or away from them. You may often make a choice out of it being a routine or habit, so make sure to intentionally revisit the objectives and make correct choices in order to maximize them. When organizations fail at cultivating their specific culture, they end up working with a default version. When they do not formalize the type of culture they desire to have, then it is the default culture they are selecting despite it not being the most ideal for their organization. The mere thought of revisiting a long-held objective that makes you feel overwhelmed, but understand that doing so will take your organization closer to its desired success. To make sure you are choosing the correct choice, you can make a list of the pros and cons against certain objectives.
2. Look out for the pink flags
The pink flag implies that there’s danger ahead and it is the time to refocus. However, generally, the pink flag is ignored until ifs the danger zone and the pink flag turns into a red flag. For instance, a pink flag might start waving for your organization when the sought-after new customer doesn’t pay his bill on time. Occurrence of way too many pink flags can be a good time to revisit your organizational objectives and think about where you need to make changes to your objectives. Your executive teams can list out the common pink flags they came across during their past experiences so that the directors and managers can be trained for looking out for them. As one cannot look out for things they do not understand, training the managers is highly crucial so that you do not miss out on the ideal time of revisiting your objectives.
3. Assess the bigger picture
Generally, organizations set objectives only because of the path they are working on, but then they continue on autopilot. For instance, expanding your business to a new region might make the most amount of sense at the current times, However, after the disruption caused by the global pandemic, there might be a better method for growing the business. This may sound simple but can end up making a huge difference and save you a lot of energy, resource, and time from muscling forward with old objectives before realizing your organization hasn’t really cared about them for years now. Whenever you establish an objective, ask yourself where it is linked with something that your organization actually wants.
How to revisit the objectives?
After doing the significant self-reflection for your organization and determining that it is the correct time for you to revisit your objectives, it is now time to refocus and move ahead. Following are some of the expert tips to get you started:
1. Redefine failure
Whenever things do not go as planned for your organization, make sure not to consider it a failure but rather think about it as feedback. You can utilize roadblocks as the prospect to reflect more deeply on why a shift to something else is the need of the hour in order to guide the organization towards success. It is normal for you to become deflated when the desired target isn’t attained, but doing so might make you miss out on some significant information.
2. Document the learnings
Obstacles always come with an abundance of lessons. You might end up gaining knowledge on a totally unfamiliar topic. Perhaps that newfound data launches you in a lateral motion on your current track or the business into a new direction altogether. Either way, it is a significant exercise. The confidence your organization gets from jumping out of its comfort zone would be priceless. The worst-case scenario is that your organization will become smarter than yesterday and work with more gumption and confidence.
3. Reframe the objective
When the goal doesn’t appear to be feasible at all, it might be the time for reframing it. In such situations, think about why your organization wanted to attain that objective in the first place. If so, consider other ways of accomplishing those objectives. As you start to reframe your objective, make sure to focus less on the industry and more on the experience you want and the qualities you have in your organization.
It can be a bit difficult to take a U-turn or even admit if things did not go as you planned them out, however, it is the right thing to do to ensure your organization doesn’t miss out on the long-term objectives. For more help regarding setting your organizational objectives, make sure to reach out to us.