Learn more about personaldevelopment with this collection
How to balance flexibility and structure in a hybrid team environment
Understanding the challenges of managing a hybrid team
How to maintain team cohesion
Setting measurement intervals
The mapping process shows how a scorecard of KPIs provides a predictive performance model when viewed as a map.
Ensure you have the KPIs measurement intervals. A measurement interval means the time between readings on a KPI. For example, it may be that the input in the cause-and-effect diagram should be monthly or weekly to be useful.
12
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Success as the driver
The end goal for a business is growth. It requires the support of stakeholders with the business owners and investors.
If a business can keep employees happy, it can predict a good relationship with suppliers. Together, the good employee-supplier relationship leads to great outcomes for cus...
11
65 reads
Mapping KPIs
The relationship between KPIs should be mapped in a cause-and-effect diagram to understand how one KPI impacts another. It requires as little as a whiteboard and a pen.
Choose an end goal and write it on the right-hand side of the board, e.g. for a company to invest fun...
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38 reads
KPIs can predict the future
Executive teams use KPIs (key performance indicators) to track success. They are used as reports that provide feedback on the past.
But if used properly, they can become a powerful tool to predict changes in the future. The key is in mapping and measuring intervals....
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143 reads
Tracking relationships
Tracking relationships can release the full predictive ability of KPIs.
- Identify the company's key stakeholders, e.g. employees, suppliers, customers, etc.
- Review the relationship that each key stakeholder group has with the company. E...
14
49 reads
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