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range goals, machine learning for business

How Setting the Right ‘Range Goals’ Help You Excel in Your Career

Setting the right goals is crucial for driving both individual and organizational performance. Goals act as a roadmap, providing clear direction and motivation. One increasingly popular approach is the use of range goals, which offer flexibility by defining a performance target within a lower and upper limit rather than a fixed number. These goals allow employees to navigate between a minimum acceptable outcome and a more challenging, aspirational objective. This flexibility can reduce pressure while still encouraging individuals to aim higher. Range goals emphasize adaptability, recognizing that progress is not always linear and can vary depending on circumstances. For employees, this structure promotes sustained effort, as it offers a sense of accomplishment at the lower threshold while encouraging them to strive for more. Hence, Duke University’s LinkedIn post highlights the importance of setting the right range goals for yourself to excel in your career.

According to the article, goals are widely used by individuals and organizations to boost performance. The article suggests that while specific goals have traditionally been seen as more effective, range goals could offer unique advantages. According to the article, research indicates that these goals, which present a lower and upper target, can be more flexible and motivational. The article suggests that range goals act as dual reference points, encouraging people to focus on both ends, which boosts motivation and performance. The article also highlights studies that show how positive cues and task difficulty influence the success of these goals. The article suggests that these goals can outperform specific targets in certain situations, particularly when flexibility is required. According to the article, this approach can help managers and individuals achieve higher performance by setting achievable lower limits and challenging upper targets.

Setting the right range goals for yourself can lead to improved performance, greater engagement, and a higher level of satisfaction in your work, making it an essential tool in goal-setting strategies. Read through the preceding text to get to know more.

To learn more about how to use various technological tools in this Duke Chief Financial Officer (CFO) Program.

CHIEF FINANCIAL OFFICER (CFO) PROGRAM
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