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Slide Notes

This is a supportive summary deck of slides to explain the concept of Big Hairy Audacious Goals (BHAG) and help you implement them for success.

BHAG is pronounced "Bee Hag”

Here is a link to the full article written by JAMSO on BHAG goals.
http://www.jamsovaluesmarter.com/blog/1-impacting-big-hairy-and-audacious-goal-for-a-better-life-or-business?rq=bhag

Big Hairy Audacious Goals

Published at May 17, 2016
Big Hairy Audacious Goals (BHAG) is a great goal setting system to use for highly ambitious personalities and cultures. This deck slide provides an insight and full analysis of the BHAG concept. I include tips, how to, check lists and definitions. All designed to help you gain the best single source knowledge and abilities to implement the highest risks and forms of success for life and business. The original article written by JAMSO can be found on http://www.jamsovaluesmarter.com/blog/1-impacting-big-hairy-and-audacious-goal-for-a-better-life-or-business?rq=bhag Discover in these slides: Examples of BHAG Comparison between BHAG and SMART goal setting Motivation Characteristics of a BHAG leader Benefits of creating a BHAG The BHAG Framework Dealing with Goal Failure Key elements of setting a BHAG 4 types of BHAG Lessons from BHAG I would love to hear from you any comments or feedback. Contact JAMSO directly james@jamsovaluesmarter.com www.jamsovaluesmarter.com

PRESENTATION OUTLINE

Big Hairy Audacious Goals

BHAG as your goal setting system
This is a supportive summary deck of slides to explain the concept of Big Hairy Audacious Goals (BHAG) and help you implement them for success.

BHAG is pronounced "Bee Hag”

Here is a link to the full article written by JAMSO on BHAG goals.
http://www.jamsovaluesmarter.com/blog/1-impacting-big-hairy-and-audacious-goal-for-a-better-life-or-business?rq=bhag

Don’t be afraid to give up the good to go for the great. — John D. Rockefeller

What do you dream of doing, if everything went well, if you had all the resources in the world? What would you do? , what would your business look like? The answer to these questions place you well on the path to describing your “Bee Hag” (BHAG-Big Hairy Audacious Goal).

BHAG (Big Hairy Audacious Goals) are the big thoughts you have in your mind. These are the goals that excite you, scare you and energize your spirit.

The birth of the BHAG came from the book Built to Last: Successful Habits of Visionary Companies by James Collins and Jerry Porras. These ideas have been already created or adopted by many companies across the world with significant impact.

Here is a link to the full article written by JAMSO on BHAG goals.
http://www.jamsovaluesmarter.com/blog/1-impacting-big-hairy-and-audacious-goal-for-a-better-life-or-business?rq=bhag
Photo by mickeynp

BITCOIN

A radical vision for the future of money
One BHAG example is Bitcoin. Bitcoin is a new cryptocurrency recognized by USA and EU regions as legitimate currency. The goal of bitcoin has been to decentralize money. This bold BHAG goal has sent waves across the financial markets to change what and how we deal with the value of money.

Here is a link to the full article written by JAMSO on BHAG goals.
http://www.jamsovaluesmarter.com/blog/1-impacting-big-hairy-and-audacious-goal-for-a-better-life-or-business?rq=bhag
Photo by fdecomite

SMART and BHAG

Short Term Certainty with Long Term Vision
THE DIFFERENCE BETWEEN SMART GOALS AND BHAG.

The SMART goals method is (Specific, Measurable, Attainable, Realistic, Time bound) – at JAMSO we use SMARTER with includes Ethical/Enjoyable and Rewarding/Reviewed. The focus with SMARTER goals is how they need to be attainable and realistic.

Your BHAG is a goal, which may not be known if possible at all, due to resources and technology levels at the time. Indeed, BHAG goals are often scaled with a level of ambition that can take 10-30 years to complete. Your BHAG should have a 50-70% chance of success feeling, at the time of its creation and design.

The focus of your BHAG needs to be surrounding the urgent call to action and knowledge it will be an arduous difficult goal that has a high probability of success combined with a significant risk it may not.

Here is a link to the full article written by JAMSO on BHAG goals.
http://www.jamsovaluesmarter.com/blog/1-impacting-big-hairy-and-audacious-goal-for-a-better-life-or-business?rq=bhag

BHAG for Motivation

Common purpose with urgency
The use of BHAG can capture the imagination and inspiration in a workforce. Imagine a workforce that provides every effort possible is made to complete tasks fully and swiftly so the pursuit of their large goal becomes closer. The development of haste and work pave through a continued sense of urgency can be a fantastic and inspiring place to work.

NOTE OF CAUTION: DO NOT CREATE A BHAG UNLESS YOUR BUSINESS IS WILLING TO SUPPORT IT FULLY WITH THE LEVEL OF INTENSITY, RESOURCES, PASSION AND PRIORITY NEEDED. FAILURE TO ADDRESS THESE POINTS WILL DEMOTIVATE STAFF AND THE LEADERSHIP WILL LOSE CREDIBILITY. THERE IS NO POINT IN CREATING A BHAG JUST TO LOOK GOOD; IT NEEDS TO BE FOLLOWED THROUGH WITH REAL DETERMINATION AND ACTION.

Here is a link to the full article written by JAMSO on BHAG goals.
http://www.jamsovaluesmarter.com/blog/1-impacting-big-hairy-and-audacious-goal-for-a-better-life-or-business?rq=bhag

4 CHARACTERISTICS OF A GREAT BHAG LEADER.

  • Patience and humble
  • Understands that “comfortable” is the wrong feeling and place to be.
  • Enthusiasm to learn
  • Your behavior becomes a mirror of the values implied within the BHAG
THE CHARACTERISTICS OF A GREAT BHAG LEADER.

A great leader is more focused on daily energy required to retain a clear vision, focus and purpose in their actions to attain the goal.

Patience and a feeling of been humble plus been prepared to make mistakes and learn from them.
Understands that “comfortable” is the wrong feeling and place to be.
High desire and enthusiasm to learn and seek new knowledge
Your behavior becomes a mirror of the values implied within the BHAG

Here is a link to the full article written by JAMSO on BHAG goals.
http://www.jamsovaluesmarter.com/blog/1-impacting-big-hairy-and-audacious-goal-for-a-better-life-or-business?rq=bhag
Photo by VinothChandar

3 Benefits in creating a BHAG

  • High frequency reviews.
  • Collaboration.
  • New skills are developed and created.
Common and clear goal. From that goal each person can set their personally aligned values and ambitions to it. This will help inspire many people at work or in your social circle to also create their own BHAG which then is the start of a true “work hard/play hard” organization and lifestyle.

Quality, relevance, productivity, process and analysis are revisited at high frequency levels to assure speed and improvements are made.
Collaboration is improved not just within your business but through your full supply chain and even customers and market when clear proactive communication channels are created.
New skills are developed and created. The adoption of new techniques and ideas are encouraged to accelerate the momentum of progress and thus new skills are born on a personal level and throughout a business.


Here is a link to the full article written by JAMSO on BHAG goals.
http://www.jamsovaluesmarter.com/blog/1-impacting-big-hairy-and-audacious-goal-for-a-better-life-or-business?rq=bhag
Photo by marfis75

The BHAG Framework

  • Establish values
  • Strategic vision
  • Accountability
  • Strategic + Tactical actions
  • Attainments
At the base of every BHAG are the core values. These are the values that are more important that the goal. These are the values that you hold as absolute truths for your world. This can include business areas such as environmental, diversity, equality etc. or/and on a personal level your social, political, spiritual values.

From your values you can then agree on your purpose in life. From a business or personal level these are the very reasons for your existence and creation.
A strategic vision is then created to understand the approach to fulfilling and living out your values and purpose.
The BHAG is the measurable and accountability that is kept for you or your business to attain and fulfill its vision. Over the course of several decades you may have several BHAGs but your purpose and values remain unchanged.
The BHAG will only be realized if followed with strong program initiatives. These are important for the shorter and near term actions to understand actions, budgets, resources and risks needed for consideration and implementation.
On an operational level, each process and person should then be responsible and accountable for helping bring the clear tasks forward to completion.

Here is a link to the full article written by JAMSO on BHAG goals.
http://www.jamsovaluesmarter.com/blog/1-impacting-big-hairy-and-audacious-goal-for-a-better-life-or-business?rq=bhag
Photo by chrisotruro

Dealing with failure

BHAG has a 50-70% chance of success
Dealing with doubt and cynicism with BHAG’s is a major obstacle for people at a personal level. No one wants to be ridiculed by their friends, family or peer as a failure. This very fear is what stops many people and companies from achieving their greatness and full potential.

In the USA, it is more acceptable within the culture to be seen to fail on one goal and then try another. Other cultures are more conservative and therefore their ambition levels and achievements reflect this. Imagine the technical excellence of the German nation and a full willingness to see failure as a positive experience!

Here is a link to the full article written by JAMSO on BHAG goals.


http://www.jamsovaluesmarter.com/blog/1-impacting-big-hairy-and-audacious-goal-for-a-better-life-or-business?rq=bhag
Photo by amphalon

4 BHAG Fine Tuning steps

  • Alignment
  • Audacious and clear
  • Compelling
  • Actioned
There are certain elements that create a great BHAG. The elements should connect and be able to be understood not just by the person creating the BHAG but also be anyone that reads it. The grand scale and visionary aspects of your goal should shine through and be able to become associated with your personality or brand. Your BHAG should contain the each of the key areas below.

Aligned: Your values should be the underpinning of your goal. These are the basic values you hold as a person or business. The very foundation stone of what makes your ethical and moral positions.

Audacious and clear: Be very specific with the goal in a way that stretches the capabilities of possibility and yet be clearly understood. The goal should surprise, startle and shock yourself and others with its potential impact but in a clear way.

Compelling: You need to inspire and create action from the goal. Motivation should be sought through the design of your BHAG. There needs to be the vision strong enough to understand an element of hope and extraordinary effort will be required. The natural curiosity of high performers will be drawn to your goal.

Actioned: Bold action and patience is needed to generate continued momentum for your goal. This should be implied and measurable within the structure of your goal. The performance of achievement should always be measured back to the original expected outcome.

Here is a link to the full article written by JAMSO on BHAG goals.
http://www.jamsovaluesmarter.com/blog/1-impacting-big-hairy-and-audacious-goal-for-a-better-life-or-business?rq=bhag
Photo by tom_bullock

4 Types of BHAG

  • Beacon
  • Targeted
  • Transformational
  • Competitive
The structure of your BHAG can be created within 4 different types of expected outcomes. The design of your BHAG will cover one of these. It is OK to create more than one BHAG however pure clarity and focus is needed so I suggest select your highest impact BHAG first.

Beacon: Your BHAG can be created to place you or your business as a clear leader and beacon of excellence and influence in your chosen field.
Targeted: A clear target can be created, for instance “eradicate all forms of cancer from the planet by 2070”.
Transformational: Example from a large multinational business could be “we will make each business site agile and innovative with a family spirit”
Competitive: Example: I will be faster than Usain Bolt at every race.

Here is a link to the full article written by JAMSO on BHAG goals.
http://www.jamsovaluesmarter.com/blog/1-impacting-big-hairy-and-audacious-goal-for-a-better-life-or-business?rq=bhag
Photo by Leo Reynolds

BHAG Key Lessons

  • Great ideas bring great results
  • Expectations set the results
  • Purpose focused
  • Continual development
When we look back through history there are many examples of Big Hairy Audacious Goals been created and leaving the world mystified and inspired for generations to come. From the Egyptian pyramids, the Great Wall of China, Christopher Columbus sailing or the first pioneers who reached the poles we have examples. BHAG creates and stimulates a mindset of possibilities in the human spirit.
Elon Musk
The desire and willingness to take action and be in the moment whilst recognizing the need to overcome fear so you’re present and future can be improved to its full potential. The needs to be a willingness to take a challenge and fight it at all odds. For this reason I have huge respect for people like Elon Musk in today’s generation, Nelson Mandela and whistleblowers who knowingly risk everything except their values.
Black Belt
We decide the value of items most often through their perceived difficulty of achievement. A martial artist with a Black Belt deserves the credit and respect for the time they have spent to gain their grades. BHAGs help transform performance in business and people. It reminds us that we all have the same basic human power potential and it is up to us as individuals and organizations to decide if and how we wish to use it.

Here is a link to the full article written by JAMSO on BHAG goals.
http://www.jamsovaluesmarter.com/blog/1-impacting-big-hairy-and-audacious-goal-for-a-better-life-or-business?rq=bhag
Photo by Thomas Hawk

Untitled Slide

! hope you now create your own BHAG and never stop asking yourself or your business the questions that challenge you.
With your new BHAG let me know how you feel it will take you out of your comfort zone, help unify your personality and/business and generate accountability.

Email : james@jamsovaluesmarter.com

http://www.jamsovaluesmarter.com/


Link to Video: http://www.youtube.com/v/sqSJzPK9xa0

Here is a link to the full article written by JAMSO on BHAG goals.
http://www.jamsovaluesmarter.com/blog/1-impacting-big-hairy-and-audacious-goal-for-a-better-life-or-business?rq=bhag