Question

As the senior credit manager for Consolidated Bank, you are assisting your direct report, Rosa, to set individual goals. You've discussed the unit's goals, her specific role, and your expectations of her. In the next few steps of goal setting with Rosa, however, you make a mistake. What is your mistake?

Answer 1

To avoid mistakes when setting goals with Rosa, it's important to ensure they are tailored to her role and align with unit goals. Emphasizing the importance of understanding the organizational structure, and developing collaboration and teamwork skills are key for a successful career.

Step-by-step explanation:

As a senior credit manager working with a direct report on setting individual goals, a mistake could involve not appropriately tailoring the goals to their skills and responsibilities or neglecting to consider how their contribution aligns with the broader unit goals. In light of the context given, it’s crucial to ensure that the relationship with your manager is based on clear and collaborative communication. Understanding the organizational structure and where you fit within it is central to effectively managing your workload and expectations. It's advised to chart specific milestones throughout the year to measure success and stay on track within your role. Furthermore, beyond excelling in one's position, the importance of relationship building should not be overlooked. Skills in collaboration and teamwork are highly valued and are critical for a successful career trajectory. In summary, setting goals with reports like Rosa's involves a delicate balance of aligning individual capabilities with the unit’s objectives, maintaining open channels of communication, acknowledging the organizational hierarchy, and fostering interpersonal relationships within the team.