How your business is slowly dying

June 6, 2011 at 4:43 pm

Every business expert will agree that “you can’t manage what you cant’s measure”, yet most of you reading this post are slowly killing your companies prospects to profitably grow because you don’t have the appropriate measurements in place.

In your case, “the gap” is the space between your perception and reality. According to a recent survey conducted by 3S in 305 Iberian based mid-size companies, only 37% of senior executives categorized their companies as very good or excellent at executing strategy. When we scratched deeper below the surface, we found that more than 50% of employees were disengaged with their company’s strategy, and that 31% recognized they didn’t have the necessary measures in place to ensure effective execution of their strategies to reach required business results for success.

Flying Blind

76.8% of the companies admitted to flying blind (perception based), without the necessary performance measurements to determine if their strategies were successful or not. The same figure of 23% blamed the current economy as the cause that limits their capacity to grow.

With numbers that evident, you can only cringe at the wasted productive capacity, and it’s no wonder that companies are in the troubles they are in today. Imagine +76% of the planes in the sky flying around with no radar for day.. would you get on a plane that day? This is shear madness, yet having worked across 5 continents over the past 26 years, I can confirm this isn’t unique to Iberia, it’s just more severe here.

Flying with Radar

What are you currently doing to measure the performance & productivity of your team?

You don’t have to go immediately overboard and jump straight into a full fledged Human Performance Technology Program. You should start out slow.. take baby steps with a Productivity Management tool like WorkMeter. Easy to implement & even easier to use, it engages your employees in discovering how to transform learning into more productive habits. Unlike other “performance monitoring” tools, WorkMeter is an educative “performance analysis” tool, and the best one I’ve used to date that helps me quickly experience increased results. It’s employee friendly nature fosters internal healthy competitive growth & development without management having to step in. Once you set the strategy, your team does the work & the learning themselves.

Eliminate the Gap

Don’t hold your finger to the wind to figure out if a storm is coming! Plan purposefully with concrete data & facts that will have you better predict the future of your organization based on historical trends. Join the new era of empowered organizations that confidently determine their own future success based on solid metrics. The execution of an idea is always more important than the brilliance of the thought, so stop dreaming about being more productive and get down to measuring it so you can manage it.

The growth of an organization is simply the accumulated growth of the individual relationships that constitute it, and it now rests on your shoulders to eliminate the gap created by perception by empowering your employees with metrics (measurements) they can learn, develop & grow from.

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Entry filed under: Effective, excellence, measurements, metrics, Productivity, tools. Tags: , , , , , , .

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