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A stretch goal is a seemingly impossible goal that challenges people to re-evaluate what they thought was possible. It can be vertical (when it builds on existing skills or processes) or horizontal (when it encourages teams to develop new skills, processes or products). To use stretch goals effectively in your organization, first make sure that they're right for your team. Working towards stretch goals requires flexibility, persistence and confidence, and they won't be suitable in all roles or industries. When you set stretch goals, break them up into smaller steps, and recognize small wins to maintain motivation and engagement. Also, provide intrinsic rewards, and don't discourage failure. Finally, provide appropriate support, anticipate and deal with resistance, and get buy-in from team members and important stakeholders.
From Finance Management point of view, we have to keep always updated by the business needs & market updates, business developments & new initiatives finance & control infrastructure will need a team who is flexible enough to serve as catalysts between the running systems & procedures & the new initiatives finance needs, finance globally if headed by the proper professional should be stretchable, flexible & excellent data utilize .
Strategic stretch goals are goals that cannot be achieved with what is known and how is worked today. They aim for something that is impossible today.
Prepare yourself mentally and physically
Make sure your risk has a reward
Don’t let other people talk you out of it
Surround yourself with people who support your goal
1) Being Near to To Them.
2) Support them
Team working is the vital part to achieve any goal. with professionalism in whatever we do, we can achive with the good team members and with dedication we can achive the goal. In order to achive the milestone, we should prepare in the following way;
1. Understand the objectives
2. Anlayse it with the team members to generate idea and creative thinking
3. set the parameters
4. Monitor and record the progress
5. Evaluate and update when necessary
In visual merchandising, communication is a must. we need to be openminded on accepting suggestion from collegues and of course always share ideas.