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Don’t Set Goals This Year: Instead, Make Promises, and Take Action.

Don’t Set Goals This Year: Instead, Make Promises, and Take Action.

Most of us are really great at setting goals and terrible at achieving them—just take a look at the stats from 2012:

45% of people usually set New Years resolutions
54% of people fail with regard to their New Years resolution after 6 months
39% of people in their 20s achieved their New Years resolutions last year
14% of people over the age of 50 achieved their New Years resolutions last year

Right now is goal-setting season, with many of you putting this past year behind you and starting fresh now that we’re in January. Let’s take a quick peek at the most popular resolutions from last year:

1. Lose weight
2. Get organized
3. Spend less, save more
4. Enjoy life to the fullest
5. Stay fit and healthy

Now, raise your hand if you made any of those resolutions last year—hell, you may have even made a few of them.Yeah, I’m right there with ya.

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Before making any resolutions, do this:

Before sitting down to set any resolutions, take time to conduct a yearly review for yourself. What went right last year? What went wrong? What were some of the decisions that you made that led to the good and the bad? Where did you hesitate and miss out on opportunities? Spend some time thinking about this, then take out a notebook and pen and break it down month by month.

I’ve found that taking a look at the things that did not go so well for me over the past year and coming up with strategies to overcome obstacles in the future helps me to prepare for the unexpected.

No more goals—only promises, and action

We’ve become desensitized to goal-setting: most of us have many goals in mind, but we’re so used to not meeting them that it has become okay to let them slide. Instead of setting goals this year, make promises to yourself instead: when it comes to promises, you are more likely to limit the amount that you commit yourself to, more likely to hold yourself accountable, and to set promises that are more realistic.

Better yet, try making promises to someone else. Promise your kids you will lose 20 pounds of fat this year and lower your cholesterol; promise your wife you will quit smoking; promise your best friend that you will exercise four days per week for at least sixty minutes a day. Alternately, if you have the kahunas for it, make promises to everyone via a website such as stickK.

I’m not sure about you, but I have a much easier time letting myself down than disappointing someone else. Making promises to others really commits me to the task at hand and keeps me stay highly motivated.

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Promise yourself this:

Whatever it is you decide to promise yourself this year, make sure to promise yourself to be consistent. Many of us tend to turn to motivation as the answer when we are struggling to meet our goals, but motivation is something that is out of your control. It comes and goes and is often short-lived. Consistency, on the other hand, is something that you can control. You can choose to get up at 6AM every day to write 1,000 words for your book. It is your choice to prepare your healthy meals for the next day so that you can stick to your nutrition plan. You can control the extra work you put in on the weekends to grow a side business.

There is a great quote in author Steve Pressfields book The War of Art:

“Someone once asked Somerset Maughham if he wrote on a schedule or only when struck by inspiration. “I write only when inspiration strikes,” he replied. “Fortunately it strikes every morning at nine o’clock sharp.”

Consistency trumps motivation every time, so if you’re looking to guarantee yourself success this year, promise yourself to be consistent in all that you do.

Get specific

Take a look again at the most common resolutions made in 2012—they’re extremely vague. What does living life to the fullest actually mean? When you say you want to be more organized, does that mean at home, at work, in your personal life? If you want to spend less and save more, what do you want to spend less on and how do you plan to save more?

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One reason most resolutions fail is because they fail to be crystal clear. Confusion is the gateway to complacency: the more confused or unclear you are about something, the less likely you are to take action towards achieving it. A great way to clear up confusion and to get clear about what exactly it is you’re trying to achieve can be accomplished through the “by game”:  whatever you promise yourself this year, simply associate the word “by” with it. In this case, “by” is not a measure of time, but instead, a way to clarify things, like this:

“This year I promise to write a book by waking up at 6 AM and writing 1,000 words every day, for the next 3 months.”

Your promise is made clear, delivers actionable steps, and encourages you to hold yourself accountable.

Reward yourself

Oftentimes, promises can be set that are quite the grind: they may take some time to accomplish, and involve a tremendous amount of energy, consistency, discipline, and struggle. A great way to keep yourself on track is to set up tiny milestones in which you receive rewards for your accomplishments.

In the case of our book example above, you could set up weekly milestones: if you found that you were able to accomplish 1,000 words for all seven days this week, maybe a nice day at the spa would do you some good. How about a glass of red wine and some dark chocolate?

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The cool thing about setting up milestone goals is that they keep you focused on the task at hand. Often when big rewards are set up at the completion of a goal, things can become blurred as to what you are actually working so hard for. The big reward should be the completion of the task itself and the fact that you achieved what you set out to achieve, rather than just a prize at the end.

Make sure it means the world to you

Lastly, if you do decide to make yourself some promises this year, I hope that they really mean something to you. Don’t make promises to yourself simply because it is something you feel you should be doing, someone asked you to do, or that you are pressured into doing.

A great way to clear up any confusion as to whether or not a promise this year is right for you is to look to your emotions. Does your promise make you laugh? Cry? Does it give you goosebumps? Excite you? Get your heart racing?

What will you be promising yourself this year? What is the first step you plan to take in achieving it?

Featured photo credit:  Silhouette of a photographer in the nature via Shutterstock

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The Productivity Paradox: What Is It And How Can We Move Beyond It?

The Productivity Paradox: What Is It And How Can We Move Beyond It?

It’s a depressing adage we’ve all heard time and time again: An increase in technology does not necessarily translate to an increase in productivity.

Put another way by Robert Solow, a Nobel laureate in economics,

“You can see the computer age everywhere but in the productivity statistics.”

In other words, just because our computers are getting faster, that doesn’t mean that that we will have an equivalent leap in productivity. In fact, the opposite may be true!

New York Times writer Matt Richel wrote in an article for the paper back in 2008 that stated, “Statistical and anecdotal evidence mounts that the same technology tools that have led to improvements in productivity can be counterproductive if overused.”

There’s a strange paradox when it comes to productivity. Rather than an exponential curve, our productivity will eventually reach a plateau, even with advances in technology.

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So what does that mean for our personal levels of productivity? And what does this mean for our economy as a whole? Here’s what you should know about the productivity paradox, its causes, and what possible solutions we may have to combat it.

What is the productivity paradox?

There is a discrepancy between the investment in IT growth and the national level of productivity and productive output. The term “productivity paradox” became popularized after being used in the title of a 1993 paper by MIT’s Erik Brynjolfsson, a Professor of Management at the MIT Sloan School of Management, and the Director of the MIT Center for Digital Business.

In his paper, Brynjolfsson argued that while there doesn’t seem to be a direct, measurable correlation between improvements in IT and improvements in output, this might be more of a reflection on how productive output is measured and tracked.[1]

He wrote in his conclusion:

“Intangibles such as better responsiveness to customers and increased coordination with suppliers do not always increase the amount or even intrinsic quality of output, but they do help make sure it arrives at the right time, at the right place, with the right attributes for each customer.

Just as managers look beyond “productivity” for some of the benefits of IT, so must researchers be prepared to look beyond conventional productivity measurement techniques.”

How do we measure productivity anyway?

And this brings up a good point. How exactly is productivity measured?

In the case of the US Bureau of Labor Statistics, productivity gain is measured as the percentage change in gross domestic product per hour of labor.

But other publications such as US Today, argue that this is not the best way to track productivity, and instead use something called Total Factor Productivity (TFP). According to US Today, TFP “examines revenue per employee after subtracting productivity improvements that result from increases in capital assets, under the assumption that an investment in modern plants, equipment and technology automatically improves productivity.”[2]

In other words, this method weighs productivity changes by how much improvement there is since the last time productivity stats were gathered.

But if we can’t even agree on the best way to track productivity, then how can we know for certain if we’ve entered the productivity paradox?

Possible causes of the productivity paradox

Brynjolfsson argued that there are four probable causes for the paradox:

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  • Mis-measurement – The gains are real but our current measures miss them.
  • Redistribution – There are private gains, but they come at the expense of other firms and individuals, leaving little net gain.
  • Time lags – The gains take a long time to show up.
  • Mismanagement – There are no gains because of the unusual difficulties in managing IT or information itself.

There seems to be some evidence to support the mis-measurement theory as shown above. Another promising candidate is the time lag, which is supported by the work of Paul David, an economist at Oxford University.

According to an article in The Economist, his research has shown that productivity growth did not accelerate until 40 years after the introduction of electric power in the early 1880s.[3] This was partly because it took until 1920 for at least half of American industrial machinery to be powered by electricity.”

Therefore, he argues, we won’t see major leaps in productivity until both the US and major global powers have all reached at least a 50% penetration rate for computer use. The US only hit that mark a decade ago, and many other countries are far behind that level of growth.

The paradox and the recession

The productivity paradox has another effect on the recession economy. According to Neil Irwin,[4]

“Sky-high productivity has meant that business output has barely declined, making it less necessary to hire back laid-off workers…businesses are producing only 3 percent fewer goods and services than they were at the end of 2007, yet Americans are working nearly 10 percent fewer hours because of a mix of layoffs and cutbacks in the workweek.”

This means that more and more companies are trying to do less with more, and that means squeezing two or three people’s worth of work from a single employee in some cases.

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According to Irwin, “workers, frightened for their job security, squeezed more productivity out of every hour [in 2010].”

Looking forward

A recent article on Slate puts it all into perspective with one succinct observation:

“Perhaps the Internet is just not as revolutionary as we think it is. Sure, people might derive endless pleasure from it—its tendency to improve people’s quality of life is undeniable. And sure, it might have revolutionized how we find, buy, and sell goods and services. But that still does not necessarily mean it is as transformative of an economy as, say, railroads were.”

Still, Brynjolfsson argues that mismeasurement of productivity can really skew the results of people studying the paradox, perhaps more than any other factor.

“Because you and I stopped buying CDs, the music industry has shrunk, according to revenues and GDP. But we’re not listening to less music. There’s more music consumed than before.

On paper, the way GDP is calculated, the music industry is disappearing, but in reality it’s not disappearing. It is disappearing in revenue. It is not disappearing in terms of what you should care about, which is music.”

Perhaps the paradox isn’t a death sentence for our productivity after all. Only time (and perhaps improved measuring techniques) will tell.

Featured photo credit: Pexels via pexels.com

Reference

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