What Can Metrics Do For You?

Posted: March 18, 2010 in Internal Processes and Management

I have read and learned about what metrics are and how they can show you  the path to the success.

Generally, the metrics can provide you with the past, current and future scenario of the company. Identify the gaps in performance and gaps in market opportunities. That is right,metrics are not only designed for finding the gaps in your efficiency and from that point analyze the best strategies to reach more productivity. Metrics also help you indentify what opportunities are in the market and which ones you have missed and which ones you can take over.

There is abundant literature about metrics out there, but you have to realize that a right design, and an appropriate implementation are key. Have a special room where you can meet with your management team and can analyze your performance and make decisions to be applied to improve the position of your firm.

Make sure your metrics are updated daily and summarize into charts, dashboards that can tell you in a simple look what is going on and what you can do to reach your goals.

What can metrics  do for you? Simple, they will give you the information to be transformed into knowledge and make the right and better decisions. What do you think? Let me know your thoughts via e-mail or posting your comments.


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