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November 30, 2009

GoalTrak Announced by Quantum as 'Goal Setting' Tool



Quantum (News - Alert) Voyage reportedly announced new goal setting, executive coaching and mentoring Software-as-a-Service tools via GoalTrak

 
Now available "any time, anywhere via mobile Internet devices and an updated Web site," company officials described GoalTrak as a product to help organizations "collaborate to set goals and use real-time data to increase productivity."

A study by Robert Rodgers of the University of Kentucky and John E. Hunter of Michigan State University in the Journal of Applied Psychology, 1991, Vol.76, No.2, cited by Richard Lewine, Quantum Voyage President, showed that "when top managers commit to participation in goal setting, decision making and objective feedback, productivity-gains yield 56 percent."
 
GoalTrak is a Web-based performance management system with a "nine-step process" to "collaboratively create and align goals with the vision, mission and strategy of the organization." 

GoalTrak EV for enterprises and GoalTrak CV for executive coaching and mentoring let users access user-friendly dashboards any time to see real-time, actual performance against goal targets, conduct objective performance appraisals based on up-front, measurable agreements and know what colleagues are doing -- "and use peer support to increase accountability and productivity," company officials say.

It's also designed to let users communicate and conduct private mentoring with an internal, GoalMail system, review goals via results areas, individuals, top level, work groups, and other categories and maintain total control of the data and make results management part of the organization's "system."
 
Writing on "Leadership and Management Evolution" last year, Lewine said that the global economy "dictates the need for a major shift in leadership and management capability. People at all levels in an organization must specifically determine where they are going and how they will get there."
 
Lewine contended for "smaller workforces, intense competition, global connections, instant communication, quality demands, and customer requirements, are some of the environmental factors which insist that organizations effectively monitor their performance with constancy and consistency." 


David Sims is a contributing editor for TMCnet. To read more of David’s articles, please visit his columnist page. He also blogs for TMCnet here.

Edited by Amy Tierney


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