Goals: A Strategic Perspective

Goals: A Strategic Perspective

When it comes to learning, thinking, exercising, and building a business, none of these are useful in and of itself. Unless you have a?goal?for it.

Come December, many of us would be setting goals for the new year.

In this issue, we're covering how you can think about goals in a strategic manner.

Goals and roles

Do you have a long list of tasks staring at you every morning. If you do, then this might help: separate your roles from your goals.

Habits are for roles, while tasks are for goals.

For example, a habit in my role as a Dad: show appreciation, positivity, and encouragement. This is something I want to do on a daily basis.

With goals, you have to take a series of actions (known as "tasks") to help you move closer to your goals.

Focused Podcast Episode #117: Roles & Goals

Fat and fit

Some folks worked out every day while on lockdown last year. Others have gotten fat and are having a hard time losing weight. Well, I fall into the second category.

An idea that caught my attention recently was a study by Glenn Gaesser and Siddhartha Angadi.

Their study found that exercising increases your life span especially if you are overweight or obese. Why, that may not comes as a surprise.

But this is.

You will be better off, in terms of mortality risk, by increasing your physical activity and fitness than by intentionally losing weight

Walking is a great way to get started if you haven't already been exercising regularly.

Why Exercise Is More Important Than Weight Loss for a Longer Life.

Uncertainty is the ultimate opportunity

Herbert Simon coined the term "administrative man" in 1972. It describes an individual who makes decision within the confines of bounded rationality.

Here are the three limits of rationality:

  1. Risk and uncertainty
  2. Incomplete information about alternatives
  3. Complexity

These three limits reflect the post-COVID situation facing us today.

Pataki and Pádár shared two options when making decisions in an ever-changing environment:

  • Learn as much as possible about the situation in order to make a rational decision
  • Give up making your own decision, instead rely on "experts" opinions.

As a strategic thinker, the option is clear.

Making Decisions in an Ever-Changing Environment - A Research Agenda.

The full version of this newsletter is published every Sunday. If you enjoyed this, consider subscribing to Think Strategic here.

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