Thought for Today 2/13/11

Get Your Goals Back on Track – Heidi Grant Halvorson – The Conversation – Harvard Business Review

I think it’s important to distinguish between specificity and inflexibility. While I can’t think of a single study where specificity hurt performance, I can think of many where a dogged insistence on staying the original course proved harmful. People need to be able to respond to changing conditions. So one qualification might be “clarity is helpful when it does not rule out flexibility and responsiveness.” 

Second, I think a lack of specificity at the organizational level isn’t quite the same thing as a lack at the individual level. Even in the instances you mentioned, the individual employees probably had some specific shorter-term goals they set for themselves. If you are trying out different strategies and exploring possibilities, you still benefit from having a clear idea what “successful” looks like, so you’ll know when a strategy is promising and when to switch to something else.

Great short post on goal setting and motivation.  Be sure to read the comments section of this post for an interesting exchange between the author and a reader.  You’ll note the quote above comes from the comment section and not the post itself.

Individual Audits Reach Highest Rate In a Decade (no, not underwriting audits)

Surprise! IRS Audits Up 11% This Year

Read this wonderful post on how the Federal Budget deficit is getting reduced, one audit at a time.

According to the IRS, the agency audited 1,581,394 individual returns last year, up from 1,425,888 in 2009. Did the increased audits produce increased revenues? You bet. The IRS collected $57.6 billion in enforcement revenues in 2010, up from $48.90 billion in 2009. Enforcement revenues have grown dramatically from the $33.8 billion that was collected in 2001.

Think Brand Strategy NOT Social Media Strategy

Sanders Says – You don’t need a social media strategy

Sanders Says – Brand strategy first, social media tactics second

You don’t need a social media strategy – You need a brand strategy that leverages social media.  Don’t get off the brand strategy just because there’s a new communications channel, that’s how you lose the plot as a brand.  Technology is the tail, not the dog.

Here are two links to two blog posts by Tim Sanders.  If your company is struggling with social media these articles will help.