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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.
To take smart risks, you need to get comfortable with being a little uncomfortable.
Leaders that learn to embrace choices outside their comfort zones are able to push the envelope in ways that safe leaders can’t, helping them to stand out and succeed.
We can't waste valuable energy on mindless activities while putting off what matters most for later.
In business, wasting energy means working on low-value tasks, and thinking busywork is the same as productivity.
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: