“We’re all working together; that’s the secret.” — Sam Walton

Research shows a strong correlation between a company’s financial performance and an effective goal setting process. Companies that more closely align their goals across the organization enjoy much higher levels of financial success.

Duke basketball’s “Coach K” (12-time National Coach of the Year) writes, “Goals are important in leadership. They should be realistic, they should be attainable, and they should be shared among all members of the team. Some people use the term “common” goals. But I prefer the word “shared” because it’s uncommon to have shared goals.”

The Bottom Line: Leaders use effective, shared goal setting practices to propel forward their team and organization.