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Using the Right Performance Metrics: Watch out for P&Ls

Kates Kesler

Metrics serve as a powerful motivator and unfortunately, are often perfectly designed to drive sub-optimal results. In team sports, measuring vital, non-point metrics and de-emphasizing individual metrics is not a new concept. For a simple comparison, consider this sports team analogy.

Metrics 100
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Don’t Be Tyrannized by Old Metrics

Harvard Business

While effective metrics are essential for focusing attention and achieving results, they can also overpower better sense. Most industries cower to a few central metrics, the yardsticks that define the winners and losers. Metrics tried and proven over years become a guide to what’s important, driving resource allocation.

Metrics 70
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How to Optimize Team Potential: A 7-Step Guide for Managers

LSA Global

Teams operate best when they understand, believe in , and commit to a meaningful and shared purpose. To optimize team potential, start by clearly defining the teams mission , goals, roles, success metrics , interdependencies, and expected outcomes.

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We Can’t Study Short-Termism Without the Right Metrics

Harvard Business

While a laudable effort in principle, measuring a company’s tendency to make myopic operating and investing decisions is fiendishly complex. But the other indicators probably pick up legitimate differences in how companies in the sample operate, as opposed to whether they are myopic.

Metrics 99
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The Next Battle in Antitrust Will Be About Whether One Company Knows Everything About You

Harvard Business

The EU’s case asserts, among other things, that Google unfairly exploits its dominance in search engines and smartphone operating systems to restrict competition in shopping services, ad placement services, and smartphone app store markets. Google has appealed and is now preparing its defense. What Is a Digital Replica?

Company 118
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Team Interdependence for Higher Performance

LSA Global

Regardless of approach, all groups operate in a context about their shared fate based upon how necessary, willing, able, and dependable they believe those around them to be. Design Roles to Encourage Team Collaboration Team roles and success metrics can be defined in a way that either reinforces or undermines collaborative behavior.

Groups 68
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To Seize the Future, Create a Leadership Circle

Harvard Business

While a natural inclination, this group is (by design) representative of current operating units and functions, which often have a status quo to defend. Lastly, this group may be more attuned to individual interests (including performance metrics and compensation incentives) rather than the collective and longer-term needs of the firm.