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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.

32 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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Uncertainty even in matured organizations makes managers to look for instant gratification for they work creating a window for Vulnerability.
Barrier by Satya Vegi on October 16, 2010
Decision makers change organizations from time to time.Organizations come and go.Instead of measuring whole organizations, measure the impact of the decision makers.
Hack by David Rader on March 14, 2011
What is so great about Retail Xpress?It’s only a revolutionary, unique, all-in-one retail software developed to make running a business easier than ever!So what exactly makes it so unique and revoluti
Hack by Emeka Ikwukeme on February 1, 2019
The infrastructure for access to information still lags significantly behind the infrastructure within which information enters and leaves a company's network. The answer is metrics.
Hack by Kevin Woghiren on December 9, 2010
All living systems are very sensitive to environmental conditions, because this sensitivity defines their permanence.
Hack by Marcelo Manucci on March 26, 2015
My proposal is to revisit, redefine and empower the whole idea behind Social Accounting and Social Auditing via completely new and globalized accounting principles and audit practices that embed impor
Hack by Newton Campos on March 17, 2012
The Vice President of the division told me a decision was made that I was not going any higher in the management of our company.
Story by Jim McGriff, Jr. on December 14, 2016
It's too easy to be a bad manager.
Hack by Adam Schorr on June 29, 2011
How can we be inspired by nature (on its way to manage living things, ecossystems, etc.) to solve management challenges?Nature is million years old of a harsh competitive environment.
Hack by André Ribeiro Winter on December 10, 2010

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