If you cannot measure something, improving it becomes close to impossible. Collecting key data metrics that assist you in understanding what is working and what is not, is critical to success. Dashboards are a great way to collect all this critical data in one place, to constantly review incoming information and make real time decisions - Read More -
“Companies that establish clear lines of sight to the metrics that matter and then make sure that employee behavior is aligned with those metrics can create enormous value growth.” Tony Siesfeld and John-Paul Pape Over the past two weeks I have been discussing both financial and non financial metrics. They both have their place in - Read More -
“There is value in careful planning and thoughtful preparation. However, until there is execution, no plan is flawed; no preparation inadequate. Execution spotlights all.” Chip R. Bell Business all comes down to execution. Without this critical component we could make all the plans we want and prepare for every possible scenario, but achieve very little. - Read More -
“Failure to gain market share even with superior costs is failure to compete. This failure is also a failure to achieve even lower costs.” Bruce D. Henderson There is substantial evidence which states that market share is directly related to ROI. With an increase in market share, a business can expect to benefit from economies - Read More -
“Innovation is ultimately not an act of intellect but of will.” Joseph Schumpeter How do we measure innovation? Unfortunately there is no one framework which is used universally to measure innovation. Innovation according to Wikipedia means “a new way of doing something. It may refer to incremental, radical, and revolutionary changes in thinking, products, processes, - Read More -
“I believe the real difference between success and failure in a corporation is how well the organization brings out the great energies and talents of its people.” Thomas Watson Jr. Volumes of books and years of study materials have been developed to enable managers to attract better talent and retain them. From an entrepreneur’s point - Read More -