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This is the time to convert the strategic plan into goal sheets at the individual, team and initiative level (for share goals).
A goal sheet is akin to a 'performance agreement', which an individual OR a team enters with the organization. This is the document, which is the common reference point for feedback discussions, performance assessment and review, deciding bonuses and increments.
By doing this step, we have now covered all the three levels, that’s 'Strategic Blueprint'-->'Strategic Business Plan' and finally --> 'Goal Sheets'
GOAL SHEET
A Goal Sheet has the following components:
- The details of the individual like name, designation, managers name etc.
- The Goal.
- Individual steps on how the goal will be achieved (4-5 bullets).
- The measures and standards for the goal and what will define the success in the goal.
- The weight of the goal in the overall goal-sheet.
Please refer Execution-MiHPractice Tool Individual Goal Sheet
DEVELOPMENT PLAN
No one is 100% cooked material for the job. There is always a difference between an individual’s current level of knowledge & skills vis-a-vis expectation from the job OR potential roles. Therefore while goals sheets focus on outcomes, the development plan focus on building the person’s capability to achieve the same.
Development of an individual can be achieved by three ways:
- Training
- Self-learning
- On the job
A typical development plan will be a healthy combination of the three. Unless you are in the business of cutting edge technology, the proportion is in descending order of 'On-the Job', 'Self-learning' and 'formal training'
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