Two-thirds of senior managers can’t name their firms’ top priorities and more than 80% of small business owners don’t keep track of business goals.
So the problem is that while companies probably have some sort of goals, the progress towards those goals is not measured.
Once you’ve written down a company or a team goal, two questions arise. Who is responsible for the goal (accountability), and how do you review the results (performance review)?
These goals are designed to try new things, experiment and break old habits. It’s reaching for the moon and landing among the stars.
Track your progress towards said goal week by week. This is called continuous performance review.
Weekly status meetings are used in most companies. But you have to be careful with them as they can become pointless very easily if you haven’t set clear goals first.
Every time you take a risk in your business, you face the possibility of failure.
Improv, a theatrical exercise where you improvise a scene with a group of people, essentially mirrors that experience. You have to get used to change fast.
Slot your meaningful work into the times when you feel most productive. Realizing how your focus, creativity, and interest change at different hours in a day can help you better engage in your key projects.
The most widely used status reporting framework is PPP which stands for Plans, Progress, and Problems. The compiled weekly report is then shared with leaders, team managers and co-workers. It’s used by companies like Skype, eBay and Facebook.
PPP template has 3 categories: