There are dreams, there are goals, and there are MIBAG's. What's a MIBAG? It's an acronym for Magnificent, Inspiring, Bold, and Audacious Goals. In other words, it isn't your normal everyday, dull, yawn-inducing goal.
Example - let's say your company has a problem with staff members continually arriving late, leaving the company short staffed at the start of many business days. Not only is this annoying personally, but it limits productivity, customer satisfaction, and morale. The typical way to address this problem would be to talk to those who are the primary offenders and see whether that will eliminate or reduce the problem. But, using the MIBAG process you would introduce a Magnificent, Inspiring, Bold, and Audacious Goal by announcing that the company would be 100% staffed at opening every day and would work hard to eliminate the problem - then talking to the offenders and putting them on notice.
Normal Goal - Increase 2006 Sales 12%
MIBAG - Increase 2006 Sales 50%
Normal Goal - Decrease Shipping Errors
MIBAG - Eliminate Shipping Errors
Normal Goal - Introduce a new product
MIBAG - Introduce a new LINE of products
MIBAG's shift company focus and light fires under it by committing new resources, in fact, committing the whole company to extraordinary achievement. MIBAG's are not for the faint of heart because they create quantum change and I am certainly not advocating them for every company or every business owner. But for those companies that have large ambitions and appetites for achievement, using the MIBAG process can be the spark that thrusts the enterprise into hyperspeed.
Take your current primary goal and ask:
Is this goal Magnificent?
Can we make it the beacon of the company's focus?
Is this goal Inspiring?
Can we get everyone inspired to achieve it?
Is this goal Bold?
Can we make it bolder?
Is this goal Audacious?
Can we get everyone to understand what we all have to do to achieve it?
Do we have (or can we get) the resources to achieve it?
Do we really want to do this?
Then, if the company commits to the MIBAG - hold on to your hats - it will be quite a ride!
Larry Galler coaches and consults with high-performance executives, professionals, and small businesses since 1993. He is the writer of the long-running (every Sunday since November 2001) business column, "Front Lines with Larry Galler" Sign up for his free newsletter at http://www.larrygaller.com Questions??? Send an email to larry@larrygaller.com
Mini-Blind Cleaning Business, Case Study Sometimes the simple businesses are the ones, which make good money. Take mini-blind cleaning for instance. There are many successful small time entrepreneurs o...
The Importance of Website Stats to You If your not frequently checking out your website statistics, your basically making web pages in the dark. Stats can show you what keywords and pages are the mos...
Why Should You Create A Butterfly Garden? Have you noticed you do not see as many
butterflies as you once did? It is sad
that we do not see as many butterflies
as we might like. You can change that
...
A Brand New Year To Live Have you ever started a new year with a New Years resolution? I think many of us have, whether it is to be nicer to family, to be a better friend, co-worker, or...
The Student Loan When contemplating student loans, there are a variety of options available. Review them all before making such an important financial decision.
Living With Less Is clutter creating chaos and stress in your life? Do you want to do something about it and don't know how or where to start? Read this book and discover ways...
Business Innovation – Organizational Culture As idea generation is a cognitive activity, it follows that certain environments will inhibit that activity (and expression of) whilst others will foster it.
The Business Leader as Ultramarathoner Running a business requires the kind of devotion and stamina that
ultramarathoners can only dream about. Like the 100-mile runner,
the successful business leade...
Kauai on 2 Wheels or More? There is no better place to relax and unwind. Although I had mixed feelings about visiting this place myself, I would surely dare to say that it was an amazing ...
The Honeybush Miracle South African natural herbal teas are known for their health benefits. Rooibos tea, grown only in South Africa is nothing short of a household name in countri...
Print this page