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Develop holistic performance measures

“We need new measurement systems that capture the things that really create value.”

A shortlist of the limitations of traditional measurement systems:

(1) they’re lopsided, in that they overweight the achievement of certain outcomes (e.g. short-term earnings), while under-weighting the achievement of others (e.g. building new growth platforms);

(2) they take insufficient account of critical externalities (e.g. the environmental and social costs of corporate policies);

(3) they give inadequate attention to the things that drive success in the “creative economy,” (e.g., the value of customer-authored innovation).

Organizations will need to create holistic measurement systems that capture the many, interrelated variables that drive success.

34 Stories
88 Hacks
4 Barriers

Develop holistic performance measures

“We need new measurement systems that capture the things that really create value.”

A shortlist of the limitations of traditional measurement systems:

(1) they’re lopsided, in that they overweight the achievement of certain outcomes (e.g. short-term earnings), while under-weighting the achievement of others (e.g. building new growth platforms);

(2) they take insufficient account of critical externalities (e.g. the environmental and social costs of corporate policies);

(3) they give inadequate attention to the things that drive success in the “creative economy,” (e.g., the value of customer-authored innovation).

Organizations will need to create holistic measurement systems that capture the many, interrelated variables that drive success.

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I don't know the answer to either part of this compound question, but I think we have to answer the first part, before we can answer the second part.  To that end I have begun a research project
Hack by Samuel Peffers on January 19, 2013
This model presents a holistic approach to be a better person and professional, hire great people, create the best cultural fit and grow your skills.
Hack by Davide Casali on July 31, 2013
The suceess of any organisation depends on the TEAM .
Hack by NAVEEN KHAJANCHI on April 12, 2013
 Most of us ACT with a hidden agenda of will it look good i.e. how others will perceive me. This is true in any given situation whether its work or at home. Is it really good...I don’t know.
Hack by NAVEEN KHAJANCHI on June 18, 2013
Individuals working in large traditional corporates do have tremendous potential. Are they able to explore all of them? There are number of push-back factors need to be addressed very carefully.
Hack by Ghanshyam Sharan Singh on February 21, 2014
Cost Accounting chokes business by focusing on parts rather than the relationship between parts. As the primary feedback mechanism for business and organizations it leads to bad decisions.
Hack by Dan Strongin on March 19, 2011

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