Since listening to Christine Comaford speak at the Orlando Growth Summit I’ve been reading and listening to her book SmartTribes extracting valuable nuggets on how to grow your business.Read More
Strategic Discipline Blog
Our final blog on Execution Decisions focuses on displaying and monitoring your metrics. In the Four Executions Disciplines of Execution by Chris McChesney, Sean Covey, Jim Huling, their Fourth Discipline is Dashboards. In Positioning Systems and Gazelles Coaching we include dashboards within the execution discipline of metrics.
Can a simple Dashboard provide clarity for your organization? In The High Ground – Your Dashboard I provided an example of a business dashboard that contain both the quarterly priorities and key financial benchmarks for the company. These would include revenue, sales costs, Cost of Goods, Overhead Costs, Net Profit, Break-Even Analysis, Cost per Full-Time Equivalent, Cash Flow and Accounts Receivables. If you’d like to see this Excel example, send me an email with Sample Financial Dashboard in the subject line.
In Get Greater Accountability, Individual Meetings or Team Meetings? I failed to outline some of the more positive outcomes that come from group meetings and individual meetings. Let’s look also at private and public accountability and why the latter works so much better in group meetings.
Every day, depending on the area you live in, you see this universal symbol telling you when to stop or go. As part of Strategic Discipline we expect our clients to provide metrics for their company, team and individual performance. It’s a part of the weekly meeting agenda. That might seem sufficient to provide accountability, yet when conducting meetings we feel it’s important to dispense with the numbers as quickly as possible in order to get to the meatier topics that can help the business build momentum. The metrics need to communicate quickly whether success is being achieved or there’s work to be done.