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Understanding the difference between strategy and execution, and what you can do in 2019 to improve?
Do you struggle to know where strategy ends and execution begins? Does your strategy get caught up in a whirlwind of activity, without being quite sure what has been achieved? You are not alone. If you want to do something differently this year, read on. […]
Most organizations have weak corporate Key Performance Indicators (KPIs). They rarely align to strategy, give evidence of impact, or offer actionable feedback. If they can’t do these things, they can’t really be called “corporate” KPIs. […]
Ask leaders if performance measurement is critical to their organization and most of them will clearly answer “yes”. But rarely do they question what their organization’s motivation, processes, or ROI were when they started creating the key performance indicators (KPIs). […]
Clients and PuMP® Blueprint workshop participants often ask “who should be on our strategic planning team? Measures team? Objectives team? We often feel confident that if we find the perfect mix of individual traits and skills necessary, we’ll have a stellar PuMP® Measures team – take a stats whiz, someone who loves data, the manager of the goal, a couple extroverts, someone with an MBA and Dream Team assembled, right? […]
How do you feel when you hear the word ‘target’ at work? Angry? Nervous? Fearful? Excited? Motivated? Competitive? That’s the funny thing about performance targets: we often have an emotional response to them, based on whether or not we believe we can meet them. Are these emotional responses healthy? […]
It’s time again for the quarterly strategy review meeting and the executive team has gathered to discuss progress. Most CEOs have become used to receiving the following report-outs: A financial report comparing standard financial measures from this quarter to previous quarter and to the same quarter last year A round of good news about the major action items that have been completed or business won And some major action items that are not “on-track” because the VP intimates the team needs more time and money. […]
Organizations have been struggling to set and measure their goals for as long as the planning industry has been around. Add the rapid growth that can occur in tech companies and goal setting can become even more difficult. […]
By the time I came across the PuMP® Performance Measure Blueprint and it’s creator, Stacey Barr, I had already been in the workforce for 20 years, become vice president of a 500 million dollar company, worked at an Olympic games and consulted for five years. […]
Leaders seem to invest an inordinate amount of time in developing strategy and plans, but neglect to provide a systematic approach and direction for their employees to successfully execute and measure the impact. Yet, more and more leaders say they want to make more evidence-based decisions. […]
Do you struggle to get the right measures on your KPI dashboard? Well, you are not alone. One of the most frequent questions I hear is “How do I build a KPI dashboard that people will use?” […]