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Strategic Discipline Blog

Last Friday of the Month – How’s Your Dashboard Looking?

Posted by Douglas Wick on Fri, Jan 25, 2013

2013’s begun and we are already to the last Friday of the month of January!

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Topics: Strategic Discipline, Business Dashboards, Business Scorecards, lagging indicators, key performance indicators, measurement, Stockdale Paradox

Business Dashboard - Metrics for Health

Posted by Douglas Wick on Tue, Feb 28, 2012

How simple is it to make a dashboard?   I’m waiting for the diagnosis from my biopsy.  Still the University of Iowa has displayed on a bulletin board in my room a dashboard with some of the vitally important metrics for my condition. 

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Topics: Acute Myeloid Luekemia, priority, leading indicators, Business Dashboards, metrics, lagging indicators

What Key Performance Indicators?

Posted by Douglas Wick on Wed, Dec 8, 2010

A question that frequently comes up is what should I have Key Performance Indicators for in my business? Certainly there are lot of options.  Revenue and profit margin are Key Performance Indicators that everyone should monitor, however these are lagging indicators.   What Key Performance Indicators do you have in place that predict your revenue and profit margin?  Do you monitor your sales effort and have indicators that report on your sales pipeline?  How reliable are these?  Do you monitor your variable costs and fixed expenses?  Contribution margin is a good forecaster of profit margin as well as gross profit margin.  Yet do these give you enough information far ahead of your performance to be true leading indicators?  With time and practice whatever number you choose to watch you can discover which key metrics help predict the crucial outcomes in your business.

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Topics: leading indicators, lagging indicators, key performance indicators, Key Metrics

Metrics: Leading and Lagging Indicators

Posted by Douglas Wick on Mon, Dec 6, 2010

As we approach 2011 and put 2010 in the review mirror it’s important to understand that there are two types of key performance indicators in your business: leading and lagging. 

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Topics: leading indicators, metrics, lagging indicators, key performance indicators

 

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Certified Gazelles Coach

Doug Wick, President

Positioning Systems

 

The Strategic Discipline Blog focuses on small to midsize business owners with a ravenous appetite to improve his or her leadership skills and business results.

Our 3 disciplines include:

- Priorities
- Metrics
- Meeting Rhythms

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