How to lead without focus on metrics - Deepstash
How to lead without focus on metrics

How to lead without focus on metrics

Curated from: fastcompany.com

Ideas, facts & insights covering these topics:

4 ideas

·

461 reads

2

Explore the World's Best Ideas

Join today and uncover 100+ curated journeys from 50+ topics. Unlock access to our mobile app with extensive features.

Leaning on metrics can be dangerous

Leaning on metrics can be dangerous

Many C-suite executives, supervisors, and managers are fixated on metrics to evaluate overall company performance and effectiveness. Employees are reminded that "What gets measured gets done."

Yet, there is another truth that is equally true. Jerry Muller, author of The Tyranny of Metrics: “Not everything that is important is measurable, and much that is measurable is unimportant.” 

While metrics can help us stay focused on goals, they can also be dangerous.

17

197 reads

Metrics can't give us a complete picture

Metrics can't give us a complete picture

It's tempting to only rely on metrics that are easy to measure, but they often give us only half the story.

An obsession with performance indicators can make organizations rigid, shortsighted, and dismissive of innovation.

Data around reputation, loyalty, trust, satisfaction and more are also not easy to capture and may be misleading. For example, consider an employee who performs well in front of a demanding client but gets a lower feedback rating.

18

97 reads

Build a sense of trust

The best way to build a culture where your team buys into the goals and feel intrinsically motivated starts with trust. Most companies measure trust by tacit approval and execution of plans or a lack of discussion on the goals. But that is not trust; it's obedience.

Trust is about safety. A better measure of safety is a willingness to speak the truth and be prepared to disagree with an idea, and have a willingness to let ideas win over authority. There must be room for failure, experimentation, innovation, and questions.

17

84 reads

Prioritise feedback and flexibility

Metrics can create a false sense of security.

For example, Peloton held on to a near-rabid fandom as evidence of their success. When regulators started to question the safety of the company's treadmills, they focused harder on the strength of their brand and attacked the agency and the accuracy of the reports.

By February, the stock fell almost 70%, the CEO was replaced by the board, and nearly 2,800 employees were being laid off. However, the marketing and manufacturing employees knew of the company issues but were not empowered to make the right decisions.

18

83 reads

IDEAS CURATED BY

timotmoo

Marine scientist

Timothy Moore's ideas are part of this journey:

How To Get Rich Naval - Every Episode

Learn more about business with this collection

Why happiness is the ultimate goal

The importance of creating value

How to create wealth in the modern era

Related collections

Similar ideas

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Personalized microlearning

100+ Learning Journeys

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates