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As you envision where you want your company to be in 10 years, what BHAGs (big hairy audacious goals) do you see your company achieving? In order to achieve your BHAGs, what innovative ideas and strategies did you have to come up with? Markets, Competitors and Customers. Imagine it’s 5 years from now.
I’ve written that the “secret of life&# is never growing up, and indeed, that child’s sense of wonder is an element of idea generation that just HAS to be there if an organization is going to swing for the fences with big changes, or to go after those “BHAGs&# (big, hairy and audacious goals).
In a growing economy where credit was plentiful, the tech industry has repeatedly chanted the innovation mantra “Fail fast, learn fast.” Methodologies such Lean Startup and Agile have taught us to innovate faster by harnessing the power of iteration. But inherently, “seeing what works” is optimizing for short-term results.
A leader’s ability to communicate current insights and relevant predictions in the industry can inspire innovation and creativity among team members. They are proactive, set BHAG goals and get things done. Understanding local and global trends within the L&D space can set great leaders apart from just good ones.
These goals have been labeled by Jim Collins (and others) as a BHAG – a Big, Hairy, Audacious Goal. To be more specific, for each goal, consider setting a range of targets like this: Target A – This is a perfect world scenario, I/we absolutely want it goal. Target B – This is a big, but potentially believable goal.
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