A stretch goal is an additional goal you set for your campaign in case you exceed your initial funding goal, and is generally used to finance another specific aspect of your project. Example: A video game project raises $50,000 to produce a game with 10 levels.
What is a good stretching goal?
Stretch goals should focus on developing original and innovative approaches to complex challenges , and not necessarily lead to longer hours at work. They should inspire teams to try new things and think beyond the standard.
What are stretch goals for employees?
Stretch goals are objectives set that aim to push your team further than ever before . The aim is often assumed to be impossible or at least previously not achieved.
How do you write a stretch goal?
- Get Out of Your Head. ...
- Focus on a Couple Areas at a Time. ...
- Set Aside Time Each Year to Focus on Goal-Setting. ...
- Use the S.M.A.R.T. ...
- Break the Goal up Into Small, Digestible Parts.
What are stretch goals list the different types of stretch goals?
There are two types of stretch goals: “vertical” and “horizontal .” Vertical stretch goals align with current activities, organizational goals or business processes. They take these existing activities to new heights.
What are the five smart goals?
What are the five SMART goals? The SMART acronym outlines a strategy for reaching any objective. SMART goals are Specific, Measurable, Achievable, Realistic and anchored within a Time Frame .
What is the difference between stretch goals and smart goals?
Why pair Stretch goals with SMART goals? ... Stretch goals inspire us to think big and remind us to focus on the big picture. SMART goals — goals that are Specific, Measurable, Achievable, Realistic, and Timebound — help us form a concrete plan of action in order to make the stretch goal a reality.
What are the 3 types of goals?
There are three types of goals- process, performance, and outcome goals .
Are stretch goals appropriate?
Brand-new paths and approaches must be found to bring a stretch goal within reach. In other words, working differently, not simply working harder, is required. ... Our research suggests that though the use of stretch goals is quite common , successful use is not. And many executives set far too many stretch goals.
What’s the most important reason to set smart goals?
The Importance of SMART Goal Setting
SMART goals set you up for success by making goals specific, measurable, achievable, realistic, and timely . The SMART method helps push you further, gives you a sense of direction, and helps you organize and reach your goals.
What are the types of goals?
- Time-based goals. Long-term goals. ...
- Performance-based goals. Performance-based goals are short-term objectives set for specific duties or tasks. ...
- Quantitative vs. qualitative goals. ...
- Outcome- vs. process-oriented goals.
What are stretch goals in education?
A stretch goal pushes all limits and is often not attainable . It is a dream that has no support for accomplishing it. In the math example, you are already overextended and added extra pressure to include five hours of additional math practice each week.
What does a stretch target mean?
Meaning of stretch target in English
a high and difficult level of success that an employee must achieve if they are to be considered to be doing their job in a satisfactory way : Stretch targets should provide the benchmark under which a person’s perfomance is deemed to be “poor”.
What should goals be?
While there are a number of interpretations of the acronym’s meaning, the most common one is that goals should be Specific, Measurable, Achievable, Relevant, and Time-bound .
How do you stretch your team?
- Aim for the flow. Can you help reports find a match between the challenge they perceive and the abilities they have? ...
- Praise efforts not achievements. ...
- Build up creative tension. ...
- Exercise patience. ...
- Boost motivation. ...
- Embrace the mistakes.
What are the 7 smart goals?
What are SMART goals? SMART ( Specific, Measurable, Achievable, Relevant, and Time-Bound ) goals are established using a specific set of criteria that ensures your objectives are attainable within a certain time frame.
