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Targets, KPIs, Priorities…I’m Confused!
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On this Mike on the Mic episode, I’ll be breaking down the chaos of distinguishing the differences between targets, KPIs, and priorities. I explore how vague terminology often leads to confusion within teams, especially leadership teams, impacting overall organizational clarity. I’ll help tackle the pitfalls of using amorphous language when discussing plans and goals. Many companies fall into the trap of using ambiguous terms like "goals" without a shared understanding of what those goals entail—whether they're specific targets or broader initiatives like implementing a new system. Using a recent client experience as a case study, we delve into the necessity of incorporating specific actions into plans, not just numbers. Discover why a comprehensive plan should outline not only financial targets but also the actionable steps required to achieve them.
Thanks for listening! Connect with us at mike-goldman.com/blog and on Instagram@mikegoldmancoach and on YouTube @Mikegoldmancoach
Chapters
1. Targets, KPIs, Priorities…I’m Confused! (00:00:00)
2. The Pitfalls of Amorphous Language in Planning (00:01:52)
3. Distinguishing Between Targets and KPIs (00:03:55)
4. Introducing Priorities and Rocks: The Essence of Effective Planning (00:05:41)
5. Characteristics of Powerful Priorities and Rocks (00:12:56)
6. Outcome-Driven Planning: A Real-World Example (00:16:34)
7. Key Characteristics for Successful Priorities and Rocks (00:24:21)
8. The Importance of a Unified Direction in Planning (00:27:58)
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