Wikipedia defines a Goal as an idea of the future or desired result that a person or a group of people envision, plan and commit to achieve. people endeavour to reach goals within a finite time by setting deadlines. A goal is roughly similar to a purpose or aim, the anticipated result which guides reaction, or an end, which is an object, either a physical object or an abstract object, that has intrinsic value.
Goal-setting theory was formulated based on empirical research and has been called one of the most important theories in organizational psychology. Edwin A. Locke and Gary P. Latham, the fathers of goal-setting theory, provided a comprehensive review of the core findings of the theory in 2002. In summary, Locke and Latham found that specific, difficult goals lead to higher performance than either easy goals or instructions to "do your best", as long as feedback about progress is provided, the person is committed to the goal, and the person has the ability and knowledge to perform the task.
Joining us for our discussion on Goal Settings is Dr. Willie Jolley who is on the phone from his office in Washington DC office. He is a multi-talented person. He is a bestselling author, award winning speaker and singer. He is also the producer of the mastering your money theme music. In 1991, Willie decide to become a full time speaker with less than $200 in bank, a mortgage to pay, a family to support and a dream of success. He can be heard every weekend on XM radio. His book is the Turn Setbacks Into Greenbacks: 7 Secrets for Going Up in Down Times. Welcome back to Mastering Your Money, Willie and thank-you for the use of the theme music.