Setting Targets or Expectation Setting
Indian Finance Minister P. Chidambaram in an interview about India’s slowing GDP growth, to the Wall Street Journal says,
“We must aim at 9%, as I will, and we must be happy if it’s between 8% and 9%.”
This begs the question “Is he setting a goal for GDP growth for the country or is he managing expectations?”
A goal, IMO, is something that is ‘actionable’, i.e. you and your team can take actions which help you achieve that goal. Much like a goal in football, you can’t score one by just being on the field. More »
Tags: Business, Indian Economy