Performance measurement typically drives much of the way a large company works. We talked extensively in this book about how accounting profits or profit growth as a sole performance metric doesn’t lead to value creation. Supplementing profits with ROIC and revenue growth is a step in the right direction to ensure that the profits a […]
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Entries by StrategyDriven
Verbalizing the written word further engages the activity performer in the task at hand. By speaking the directions, the performer is driven to mentally register the assigned actions.
The successful professional person takes the time and appropriates the resources to develop a Body of Work, rather than just hold jobs. Business is approached as a lifetime track record of accomplishments. This sophisticated and vital category includes:
Information flow is the lifeblood of every organization, whether passing verbally, electronically, or via hard copy. The clarity, accuracy, and conciseness of information passed as well as the quality of understanding by the intended receiver(s) determine, in part, the effectiveness of transference by the overall communications network. The fluidity of the system, formal and informal, […]
Even the most well-intentioned and dedicated humans are fallible. Therefore, the challenge becomes one of minimizing human error.