“It's impractical to have a growth target being a number. A range is more practical. It gives more room for policymakers to exercise their creativity boost the economy” - Iris Pang, Greater China Economist
Insight
An important objective in setting goals is to make them both challenging and attainable. Emerging evidence suggests that shifting from single number goals to high-low goals offers an increased advantage.
For instance, the impact of being set a high-low goal on members’ sustained motivation to pursue their goal was striking. Only half assigned a single number weight loss goal persisted with the longer-term target, but nearly 80% of those assigned a high-low range weight loss goal did.
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