SMART is a mnemonic acronym, giving criteria to guide in the setting of objectives (goals).
It commonly represents:
Achievable (originally assignable ie who will do it)
Relevant (originally realistic)
The primary benefits of utilizing SMART criteria is that goals are easier to understand and it’s clear when they are done.
When you know what to do, you also know what not to do. While laser-focus is regarded as the ultimate quality that one can posses to achieve their goals, it can also be problematic.
This article lays out some really good pitfalls to keep in mind as a balance to focused goal-setting. I disagree with the article’s title that these points are the reasons why SMART Goal-Setting does not work. SMART goal-setting can work.
Working towards a well defined goal is most meaningful and inspirational if the goal supports a core value, so that it’s more than just a measured achievement that is hit or missed. Did we make progress in moving toward’s our ‘why’ that’s reflected in the outcome?
Read the article here… http://www.intuitiveaccountant.com/people-and-business/6-reasons-why-smart-goal-setting-does-not-work-for-proadvisors/