Your browser is ancient!
Upgrade to a different browser to experience this site.

Skip to main content

Entrepreneurship: Building Rewarding Ventures

Making Goals Meaningful

Professor Maxim Stych discusses how to make goals important and significant to teams and individuals. This video is part of our Inspiring and Motivating Individuals MOOC.

Excerpt From

Transcript

0:09 another significant limitation 0:11 of a smart goal framework is it doesn't 0:14 help you make goals meaningful 0:16 it doesn't help you imbue goals with 0:18 meaning 0:19 in fact very often it leads you to do 0:22 exactly the opposite it leads you 0:24 to set very crisply defined specific 0:26 goals 0:27 that no one cares about and that people 0:29 are not motivated to pursue 0:32 i really like this quote from john 0:34 maynard keynes who is a famous economist 0:36 who said 0:36 if human nature felt no satisfaction 0:39 profited part 0:40 in constructing a factory a railway a 0:43 mine or a farm 0:44 there might not be much investment as a 0:46 result of cold calculation 0:49 a study by duffy and colleagues revealed 0:51 that those employees 0:53 who reported that they found a 0:55 meaningful job a meaningful career 0:58 also reported greater levels of 1:00 satisfaction in their job 1:02 greater levels of life meaning and in 1:04 the end much 1:05 greater levels of overall satisfaction 1:07 in life 1:08 i wanted to give you an example of a 1:10 study that illustrates the importance of 1:12 meaning when it comes to our tasks 1:14 goals and jobs the study was done by dan 1:17 ariely and colleagues 1:20 what they did is they asked people to 1:22 assemble lego robots 1:24 and they put them in two different 1:25 conditions in the first condition 1:28 the experiment to disassemble the robot 1:32 as the participant was moving to the 1:33 next robot 1:35 so imagine a situation you've just 1:37 completed your first robot figure 1:39 you submitted it for evaluation you got 1:41 paid 1:44 you're moving on to the next robot and 1:46 then you're seeing the first robot 1:48 being diligently disassembled by the 1:51 lead investigator in the second 1:54 condition 1:55 the lego robots stayed assembled until 1:58 the experiment was over 2:00 so as you progress with the experiment 2:01 you can see these lego figures being 2:04 lined up next to one another 2:06 what would you expect as the pattern of 2:08 results in this experiment 2:11 participants in what condition would you 2:13 expect to build more robots 2:16 now if you chose the second condition 2:18 you're spot on 2:20 participants in the second condition on 2:22 average build 32 percent more robots 2:24 than in the first condition what was 2:27 also interesting about this experiment 2:29 is there was a progressively declining 2:31 pay scale 2:32 so you would get paid for every robot 2:35 but with 2:36 every next robot you would get paid a 2:38 little bit less 2:39 and so in the second condition 2:41 participants were 2:43 more than three times as likely to 2:45 continue building robots 2:46 when they pay dropped to below one 2:49 dollar per piece 2:51 now why is this the case if you think 2:54 about this what ariel 2:55 and colleagues did is pretty ruthless 2:58 because in the first condition 2:59 they drained this task they drained 3:01 these goals of all possible meaning and 3:04 it's not a particularly meaningful task 3:05 to begin with 3:07 but seeing the product of your work 3:09 being instantly disassembled 3:12 right in front of your eyes is 3:14 incredibly demotivating 3:16 in the second condition when you see the 3:19 product of your work 3:20 that contributes to high levels of 3:21 engagement and motivation 3:25 now one thing that you can do with your 3:26 teammates to make sure that you 3:28 imbue goals and tasks with meaning 3:32 is to allow them to see how the product 3:35 that they're producing 3:37 or the service influences the lives of 3:40 other people 3:42 adam grant did a lot of interesting 3:44 research on the subject for example he 3:46 approached 3:47 university fundraising callers these are 3:50 the people who solicit funds for 3:51 scholarships 3:53 and he found out that they don't 3:54 particularly view their jobs and tasks 3:56 as being particularly meaningful 3:59 pardon the language but one of the 4:00 fundraising offices described his job as 4:03 wetting your pants in a dark suit he 4:05 said you get a pleasant feeling but 4:06 nobody else notices or cares 4:09 so what adam grant did is he 4:12 gave this fundraising officers an 4:14 opportunity to interact with those 4:15 students 4:16 who were the recipients of scholarships 4:19 so imagine a student walks into your 4:20 office and says look 4:22 the only reason i can afford to go to 4:23 college is because of the scholarship 4:25 money that you raised 4:27 what adam grant found is that for those 4:29 officers 4:31 fundraising callers that were able to 4:33 interact with students 4:34 scholarship recipients they increased 4:36 their time on the phone by 142 percent 4:39 and raised 171 more money 4:43 recall our radiologists that missed a 4:46 gorilla image 4:48 on a long scan it turns out 4:52 that some of them 4:55 don't find the tasks particularly 4:57 meaningful and engaging they sit in the 4:59 basement 5:00 of a hospital in this dark room 5:02 continuously reading x-rays they never 5:03 get a chance to see their patients 5:06 one simple intervention that turner and 5:08 colleagues have introduced for their 5:10 jobs 5:11 is that in addition to the x-ray image 5:13 they would also receive a picture of a 5:15 patient for whom they would be reading 5:16 that x-ray 5:17 and what the scholars found is that the 5:19 length of the report increased by about 5:21 29 percent 5:23 and the accuracy of the report went up 5:24 by about 46 5:26 in those conditions when the 5:28 radiologists saw the picture of the 5:29 patient 5:31 one aspect of our discussion would like 5:32 to for us to focus on 5:34 is to recognize that it's not sufficient 5:37 to just 5:38 set crispy defined specific measurable 5:41 goals the checklist is not sufficient 5:43 it's also helpful to be aware of the 5:45 limitations that come with setting smart 5:47 goals 5:48 but more importantly it is essential 5:50 that we imbue our goals with meaning 5:53 and one of the most effective strategies 5:56 to help people 5:57 imbue their goals and task with meaning 6:00 is to allow them to see 6:01 how their product impacts the lives of 6:03 others 6:05 so for example medical devices firms 6:08 engineers 6:08 who work on medical devices that often 6:11 save patient lives 6:13 such as pacemakers they rarely get a 6:15 chance to see their patients 6:17 and what these companies are beginning 6:18 to do is that holiday parties at 6:20 corporate parties 6:21 they're giving a chance for the 6:23 engineers to meet the patients that are 6:24 using the medical devices 6:27 it's an incredibly emotional moment and 6:29 leads to tremendously higher levels of 6:30 engagement and satisfaction 6:33 adam grant also reports that at rich 6:35 scotland for example 6:36 every day starts with employees sharing 6:40 these 6:40 wow moments of wow stories of how what 6:43 they did yesterday 6:44 fundamentally shaped customer experience 6:46 so those are some of the motivational 6:48 tools and tactics 6:49 you can use to make sure that you imbue 6:51 tasks and goals 6:53 with greater meaning