IDEAS home Printed from https://ideas.repec.org/a/zbw/hkjalm/251937.html
   My bibliography  Save this article

Don't be too SMART, but SAVE your goals: Proposal for a renewed goal-setting formula for Generation Y

Author

Listed:
  • Desjardins, Christoph

Abstract

Research Question: What are the scientific origins of the SMART goal-setting formula? What are the motivational needs of Generation Y? How can the SMART formula be renewed to match the expectations of Generation Y? Methods: Literature review and web research. Conceptual design. Results: The SMART formula was found as an endemic, but non-scientific concept. A major limitation of the SMART acronym is its cognitive focus and framing. Motivational needs of Generation Y are not explicitly considered. Theoretical development of the new goal-setting formula SAVE for Generation Y: Specific, Attainable, Valuable, Elevated.

Suggested Citation

  • Desjardins, Christoph, 2021. "Don't be too SMART, but SAVE your goals: Proposal for a renewed goal-setting formula for Generation Y," Journal of Applied Leadership and Management, Hochschule Kempten - University of Applied Sciences, Professional School of Business & Technology, vol. 9, pages 73-87.
    • Handle: RePEc:zbw:hkjalm:251937
    as

    Download full text from publisher

    File URL: https://www.econstor.eu/bitstream/10419/251937/1/1798126494.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Alexander G. Huth & Wendy A. de Heer & Thomas L. Griffiths & Frédéric E. Theunissen & Jack L. Gallant, 2016. "Natural speech reveals the semantic maps that tile human cerebral cortex," Nature, Nature, vol. 532(7600), pages 453-458, April.
    2. Parnica, Bogdan-Mircea, 2019. "The impact of effectuation on the introduction of innovative products," Journal of Applied Leadership and Management, Hochschule Kempten - University of Applied Sciences, Professional School of Business & Technology, vol. 7, pages 31-49.
    3. Nihan Yıldırım & Yeliz Korkmaz, 2017. "Challenge of Millennials in Project Management: Insights on Attitudes and Perceptions of Generation Y in Software Development Projects," International Journal of Information Technology Project Management (IJITPM), IGI Global, vol. 8(2), pages 87-108, April.
    4. Joseph Schumpeter, 1909. "On the Concept of Social Value," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 23(2), pages 213-232.
    5. Anthony P. Raia, 1965. "GOAL SETTING AND SELF‐CONTROL: An Empirical Study," Journal of Management Studies, Wiley Blackwell, vol. 2(1), pages 34-53, February.
    6. Offerman, Theo & Sonnemans, Joep & Schram, Arthur, 1996. "Value Orientations, Expectations and Voluntary Contributions in Public Goods," Economic Journal, Royal Economic Society, vol. 106(437), pages 817-845, July.
    7. Tversky, Amos & Kahneman, Daniel, 1986. "Rational Choice and the Framing of Decisions," The Journal of Business, University of Chicago Press, vol. 59(4), pages 251-278, October.
    8. Latham, Gary P. & Locke, Edwin A., 1991. "Self-regulation through goal setting," Organizational Behavior and Human Decision Processes, Elsevier, vol. 50(2), pages 212-247, December.
    9. Bjerke, May Britt & Renger, Ralph, 2017. "Being smart about writing SMART objectives," Evaluation and Program Planning, Elsevier, vol. 61(C), pages 125-127.
    10. Svetlana Holt, 2012. "Connecting with the Future: Embracing the Millennials," Palgrave Macmillan Books, in: Joan Marques & Satinder Dhiman & Svetlana Holt (ed.), Business Administration Education, chapter 12, pages 217-231, Palgrave Macmillan.
    11. van Winden, Frans & van Dijk, Frans & Sonnemans, Joep, 2008. "Intrinsic Motivation in a Public Good Environment," Handbook of Experimental Economics Results, in: Charles R. Plott & Vernon L. Smith (ed.), Handbook of Experimental Economics Results, edition 1, volume 1, chapter 89, pages 836-845, Elsevier.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Kurt A. Ackermann & Ryan O. Murphy, 2019. "Explaining Cooperative Behavior in Public Goods Games: How Preferences and Beliefs Affect Contribution Levels," Games, MDPI, vol. 10(1), pages 1-34, March.
    2. Delli Gatti,Domenico & Fagiolo,Giorgio & Gallegati,Mauro & Richiardi,Matteo & Russo,Alberto (ed.), 2018. "Agent-Based Models in Economics," Cambridge Books, Cambridge University Press, number 9781108400046, September.
    3. Güth, W., 1997. "Boundedly Rational Decision Emergence -A General Perspective and Some Selective Illustrations-," SFB 373 Discussion Papers 1997,29, Humboldt University of Berlin, Interdisciplinary Research Project 373: Quantification and Simulation of Economic Processes.
    4. Becchetti, Leonardo & Degli Antoni, Giacomo & Ottone, Stefania & Solferino, Nazaria, 2013. "Allocation criteria under task performance: The gendered preference for protection," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 45(C), pages 96-111.
    5. Sandra Ludwig & Julia Nafziger, 2011. "Beliefs about overconfidence," Theory and Decision, Springer, vol. 70(4), pages 475-500, April.
    6. Freeman, Steven F., 1997. "Good decisions : reconciling human rationality, evolution, and ethics," Working papers WP 3962-97., Massachusetts Institute of Technology (MIT), Sloan School of Management.
    7. Alexandra Rausch & Alexander Brauneis, 2015. "It’s about how the task is set: the inclusion–exclusion effect and accountability in preprocessing management information," Central European Journal of Operations Research, Springer;Slovak Society for Operations Research;Hungarian Operational Research Society;Czech Society for Operations Research;Österr. Gesellschaft für Operations Research (ÖGOR);Slovenian Society Informatika - Section for Operational Research;Croatian Operational Research Society, vol. 23(2), pages 313-344, June.
    8. Huck, Steffen & Weizsacker, Georg, 2002. "Do players correctly estimate what others do? : Evidence of conservatism in beliefs," Journal of Economic Behavior & Organization, Elsevier, vol. 47(1), pages 71-85, January.
    9. Ambrus, Attila & Pathak, Parag A., 2011. "Cooperation over finite horizons: A theory and experiments," Journal of Public Economics, Elsevier, vol. 95(7), pages 500-512.
    10. Kumar, Alok, 2007. "Do the diversification choices of individual investors influence stock returns?," Journal of Financial Markets, Elsevier, vol. 10(4), pages 362-390, November.
    11. Jensen, Robert & Lleras-Muney, Adriana, 2012. "Does staying in school (and not working) prevent teen smoking and drinking?," Journal of Health Economics, Elsevier, vol. 31(4), pages 644-657.
    12. Strauss, Jason, 2007. "Return-of-Premium Endorsements for Living-Benefits Insurance Policies: Rational or Irrational?," MPRA Paper 11103, University Library of Munich, Germany.
    13. Sabrina Teyssier, 2012. "Inequity and risk aversion in sequential public good games," Public Choice, Springer, vol. 151(1), pages 91-119, April.
    14. Ellen Garbarino & Robert Slonim, 2007. "Preferences and decision errors in the winner’s curse," Journal of Risk and Uncertainty, Springer, vol. 34(3), pages 241-257, June.
    15. Elie Matta & Jean McGuire, 2008. "Too Risky to Hold? The Effect of Downside Risk, Accumulated Equity Wealth, and Firm Performance on CEO Equity Reduction," Organization Science, INFORMS, vol. 19(4), pages 567-580, August.
    16. Giuseppe Pernagallo & Benedetto Torrisi, 2020. "A theory of information overload applied to perfectly efficient financial markets," Review of Behavioral Finance, Emerald Group Publishing Limited, vol. 14(2), pages 223-236, October.
    17. Thiago Dumont Oliveira & Carlos Eduardo Suprinyak, 2016. "Lionel Robbins’ first-step individualism and the prehistory of microfoundations," Textos para Discussão Cedeplar-UFMG 537, Cedeplar, Universidade Federal de Minas Gerais.
    18. Prieto, Marc & Caemmerer, Barbara & Baltas, George, 2015. "Using a hedonic price model to test prospect theory assertions: The asymmetrical and nonlinear effect of reliability on used car prices," Journal of Retailing and Consumer Services, Elsevier, vol. 22(C), pages 206-212.
    19. Katia Melnik & Jean-Benoît Zimmermann, 2008. "An Economic Approach To Voluntary Association," Working Papers halshs-00347448, HAL.
    20. Moshe Levy & Haim Levy, 2013. "Prospect Theory: Much Ado About Nothing?," World Scientific Book Chapters, in: Leonard C MacLean & William T Ziemba (ed.), HANDBOOK OF THE FUNDAMENTALS OF FINANCIAL DECISION MAKING Part I, chapter 7, pages 129-144, World Scientific Publishing Co. Pte. Ltd..

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:zbw:hkjalm:251937. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ZBW - Leibniz Information Centre for Economics (email available below). General contact details of provider: http://www.journal-alm.org/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.