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Nugget Dictionary Edition – BHAG

January 6, 2012 By Dr. Dan-o Leave a Comment

Hola Todos!

Today’s nugget – dictionary edition is perfect for theme of this week – BHAG (pronounced BEE-hag).  BHAG stands for BIG HAIRY AUDACIOUS GOAL and was proposed by James Collins and Jerry Porras in their 1994 book Built to Last (click here for Wikipedia entry.

A normal goal is very specific and tactical, such as “achieve 10% revenue growth in the next 3 months.” A BHAG, by contrast is visionary and more strategic and emotionally compelling.  In the article entitled Building Your Company’s Vision (1996), the authors define a BHAG as a form of vision statement “…an audacious 10-to-30-year goal to progress towards an envisioned future.”  My favoriate BHAG of all time is the “Moon Shot: “To send a man to land on the moon and bring him back safely to the Earth in the next 10 years.” At the time, no one at NASA knew how to accomplish that goal but the Moon Shot BHAG made the engineers think differently therefore creating a series of more tactical goals to eventually reach the Moon Shot BHAG.

Best regards,

Dr. Dan-o

 

 

 

 

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Who Is Dr. Dan-o?

Dr. Dan-o (AKA Daniel M. Ladik, Ph.D) is an Associate Professor of Marketing in the Stillman School of Business at Seton Hall University in northern NJ. His main teaching and research interests include marketing strategy, personal selling and sales management, servant leadership, and web 2.0/social media.
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