Remove Balanced Scorecard Remove Goal Remove Management Remove Metrics
article thumbnail

How Leaders Make Business Metrics Meaningful

Let's Grow Leaders

Meaningful Business Metrics Aren’t About the Number When it comes to business metrics, there’s a secret that top-performing leaders understand, but might not tell you aloud: “Your customer doesn’t care about your internal scorecard.” Not to mention that no one can concentrate on twenty-seven metrics at a time.

Metrics 266
article thumbnail

The Art of a Seamless Board Transition: Mastering Succession Planning

N2Growth Blog

Crafting a succession plan signals an investment in the future, a proactive step to shape the company’s leadership in accordance with its vision, mission, and strategic goals. Evaluations combine quantitative and qualitative metrics to gauge plan efficacy from multiple perspectives.

Planning 217
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Year Is Half Over…Do You Know Where Your Strategic Plan Is?

CO2

According to Robert Kaplan, creator of the Balanced Scorecard, the main cause of strategic planning failure is poor execution. And Kotter International determined that, on average, 70% of new, large-scale strategic initiatives fall short of their goal, as did a similar McKinsey & Company 2009 study.

article thumbnail

The Year Is Half Over…Do You Know Where Your Strategic Plan Is?

CO2

According to Robert Kaplan, creator of the Balanced Scorecard, the main cause of strategic planning failure is poor execution. And Kotter International determined that, on average, 70% of new, large-scale strategic initiatives fall short of their goal, as did a similar McKinsey & Company 2009 study. Unclear Objectives.

article thumbnail

8 Reasons Companies Don’t Capture More Value

Harvard Business Review

One typical reason is that top executives haven’t managed to clarify something even more fundamental: how much priority they place on increasing profit margins. But in truth businesses rarely focus on only profitability; most strive to satisfy various stakeholders and meet the goals of balanced scorecards.

article thumbnail

On Creative Accounting: Two Creativity Myths

Harvard Business Review

Say that in a roomful of managers, and you get nervous laughter. An idea, behavior, or product is creative if it is both novel and appropriate to some goal. They were appropriate to the artist's goal of creating "a contemplative space that encourages participants to linger and experience an all-encompassing art environment.".

article thumbnail

Work-Family Guilt Is Wasted Energy

Harvard Business Review

And there are some short-cut metrics at each level to evaluate how we're doing. They somehow can't live up to a rather normal human goal of being able to both earn a living and procreate, which is recast as some kind of ridiculously utopian myth of "having it all." Key Metric: birth rates. Countries — Public Policy.

Energy 8