Both long-term and short-term goals serve specific purposes in any business plan. Long-term goals are considered future plans or aspirations that should be realised by meeting short-term goals on a regular basis.
Long-term goals are generally goals that you plan to accomplish in a year or more. People set personal long-term goals for themselves by envisioning what they want their future to look like, then set short-term goals that help them get there.
In contrast, short-term goals are the stepping stones that help an individual or organisation thoughtfully and intentionally work towards larger goals. Short-term goals are met in the near future. You can have monthly goals or weekly goals, but they are typically accomplished in less than one year.
Individuals are wise to develop both long- and short-term goals to further their personal development. Good examples of personal long-term goals could be:
These are all great personal long-term goals, and short-term goals can be considered the baby steps that make the larger aspiration a reality over time. For example, let's take those same long-term goals and apply two short-term goals to each one:
The same principles that help individuals reach personal aspirations with goal planning can be applied in the business world. Relevant examples of long-term organisational goals include:
These goals may seem lofty, but applying short-term goals breaks them into bite-sized chunks that make them easier to manage:
If you haven't heard about the S.M.A.R.T. goal setting method, consider learning more about how it can help you reach personal or professional goals. Developing S.M.A.R.T. goals is a great way to measure progress towards reaching short- and long-term goals.
There are many S.M.A.R.T. goal templates available that not only help you create a plan, but also help encourage accountability towards goals with Promise-Based Management. Using Promise-Based Management can help make any goals come to life by fostering adherence to commitments in a public place while boosting employee motivation and engagement.
Samewave is social performance management software that makes goal planning simple for teams and individuals alike. Our software features robust communication tools and automatic reporting tools that streamline the goal-setting and measurement processes. Meaningful and dynamic visual reports help you and your team understand and measure progress towards your longer term goals so you can stay on track and reach your targets.
Discover how you can make your long-term goals a reality with software that makes it easy, and maybe even fun. Create goals, automatically track progress and increase productivity today with Samewave. Best of all, Samewave is free, so sign up today to get on your way to reaching your most important goals.