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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.

36 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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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
Life in a large organization can often feel like a few moments of inspiration and innovation surrounded by a lifetime of sitting on conference calls, filling out forms, and creating PowerPoint decks t
Hack by Chris Grams on June 21, 2011
Identify the value that each human brings to a role or function through an individualized approach. To truly value humans at the individual level as asset to organization.
Hack by Stephanie Sharma on July 17, 2013
Big Thorny Challenge: What passes for enterprise strategy falls way short of the need and opportunity.
Hack by Richard Melrose on June 30, 2011
When determining executive performance, traditional models of CEO compensation consider relatively short time frames.  This increases the likelihood that CEOs make strategic organizational decisi
Hack by Alex Edmans on April 11, 2012
Bilateral and multilateral donors and NGOs re-write the rules of the International Development Cooperation System to unleash the real potential of markets and the private sector to end poverty at a la
Hack by Lucho Osorio-Cortes on March 2, 2012
An objective performance evaluation is an illusion, but many leaders haven't realised it.
Hack by Bjarte Bogsnes on December 2, 2014

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