I recently caught up with some of the podcasts as I've been travelling, and enjoyed the MT goal setting casts (how to set Annual Goals and examples of MT goals).
I agree get MT part of it and 99% of the work is done, but I can't wholeheartedly discard particularly the S,A part although R is I agree in almost all cases redundant.
I over the years have been taught the convenient before functional acronym in various forms but thought it best as:
S - specific
M - Measurable
A - Agreed
R - Realistic
T - Time based
I agree M & T are the crucial ones, but I find the Agreed, in terms of process in my practical experience one of the most crucial steps towards success, that is when setting goals actually going through the effort of making sure all the various parties that may effect the outcome (my manager, my directs, my customers) actually have agreed also that this is my goal - in other words that all parties look at the goal and see the same thing and furthermore know it before hand. Particularly important for encouraging communication down the line if you are setting an annual goal and want a sense of urgency in the team to help achieve it.
Secondly the (S) specific I actually am not attached to that much but I remember in some of the Manager-tools coaching podcasts where Mark set really great goals that described the outcome so specifically you could close your eyes and see what it would physically look like once achieved. I think thats valuable and while arguably is covered in measurable (you can measure whether it looks like the description or not) I find Specific to be a more useful memetic prompt.
Maybe a move away from SMART goals is more necessary because as the podcast demonstrated it is taught so vaguely and haphazardly that it can mean 7 different sets of criteria and any combination thereof and it becomes more of a distracting exercise than a productive one.
But that said I thought I'd raise my thoughts on the S and A in SMART at least to say in their defence, that they may not be entirely redundant or stupid.
Maybe agreed is going to differ between cultures, but I definitely found particularly from lower in the heirarchy it is a big determinant of success.