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#105 Why stretch targets are garbage

#105 Why stretch targets are garbage

FromThe Growth Whisperers podcast


#105 Why stretch targets are garbage

FromThe Growth Whisperers podcast

ratings:
Length:
29 minutes
Released:
Apr 11, 2022
Format:
Podcast episode

Description

Stretch targets are garbage.  People set stretch targets in the hope that they will motivate a team to achieve better results than they otherwise would. In most situations, however, they don't work and actually create a set of second-order consequences. This week we talk about 6 reasons why stretch targets don't work, and what you should be doing instead.     ----- * Do you love The Growth Whisperers and want to see our smiling faces? Subscribe to our YouTube channel. * Do you enjoy our content? Rate our show! * Follow us on Twitter @Evolution_Perth and @lawrenceandco1 Learn more about building enduring great companies. -----   ----- Links: *https://evolutionpartners.com.au/ *https://lawrenceandco.com/ ----- Additional episodes you might enjoy: # 50 Jim Collins Flywheel Concept: How to build unstoppable momentum in your company # 16 Jim Collins # 84 The 7 common strategy mistakes from Michael Porter # 43 The top 7 best practices for weekly meetings  # 69 What is a Topgrading virtual bench and why you need one # 88 The hidden cost of not having a team of all A-Players
Released:
Apr 11, 2022
Format:
Podcast episode

Titles in the series (100)

The Growth Whisperers are Brad Giles and Kevin Lawrence, two advisors to mid-market businesses, one Australian, one Canadian, who each work with CEOs and Leadership Teams across the world with a mission to build enduring, great companies. Each weekly episode covers interesting situations and questions from the world of strategic planning, leadership development, talent and hiring in high growth entrepreneurial companies where real results matter.