Often, examining the “art of the possible” can help find the sweet spot. For example, ask what performance would look like if every area operated at the level of the current best practice within the company? What if all of our processes and systems were operating at the top of their technical limits? What if we achieved best practice in the industry on not one, but all key measures?... By considering the art of the possible in this way, leaders can aim high without the goal feeling untethered to reality.
When managers are planning two or three years ahead, that period is close enough in time to allow them to choose relevant goals and identify specific initiatives to reach them.
There are advantages in having objectives distant enough to reduce any temptation to rob tomorrow to pay for today – a constant battle for public companies under pressure to achieve quarterly results.
Scott Keller and Bill Schaninger
Beyond Performance 2.0: A Proven Approach to Leading Large-Scale Change. John Wiley & Sons, Inc. 2019
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