Epicflow

FEBRUARY 9, 2023

When managing a project, it’s vitally important to regularly monitor its state: whether or not it has deviated from the approved schedule and budget; how much work has been completed and how much is left; how efficiently your resources are utilized, etc. What are these metrics, what are they used for, and how to calculate them?

Metrics 52

Metrics Management Resources ROI 52

Tom Spencer

MAY 18, 2015

Tom: Do you think that short term financial metrics are part of the problem in developing long term strategy? Nokia is a very good example of a company [that was dominated by this kind of myopia]. HP is an example. And so, there appears to be a disparity between what companies do and what the metrics are measuring.

Metrics 60

Metrics Financial Cash Flow Process Improvement 60

Tom Spencer

OCTOBER 11, 2024

For example, Adidas has launched initiatives to produce shoes from ocean plastic waste , turning a pollutant into a valuable consumer product. For example, Unilever is working towards making all of its plastic packaging recyclable, reusable, or compostable by 2030. Utilizing recycled materials is another effective strategy.

Case Study 78

Case Study Case Studies Transportation Efficiency 78

Business Consulting Agency

JANUARY 30, 2024

This article explores how consulting services contribute to the success of startups, small businesses, and larger enterprises, supported by facts, statistics, and real-world examples. Real-world Example: A tech startup struggling with scalability engaged a business consultant to optimize its operations.

Consulting 83

Consulting Enterprise Small Business Agile 83

Tom Spencer

NOVEMBER 15, 2024

From telemedicine to wearable devices, health-tech innovations are not only improving patient outcomes but also making healthcare more accessible and efficient. For example, a wearable ECG monitor can detect irregular heart rhythms and alert both the patient and their healthcare provider, potentially preventing a serious cardiac event.

Healthcare 78

Healthcare Data Trends Efficiency 78

Johanna Rothman

JANUARY 31, 2024

In Effective Agility Requires Cultural Changes: Part 1 , I said that real agile approaches require cultural change to focus on flow efficiency, where we focus on watching the work, not the people. See Flow Metrics and Why They Matter to Teams and Managers for more information. You can use the flow metrics, too.

Agile 71

Agile Metrics Efficiency Culture 71

Epicflow

AUGUST 30, 2024

Read the article to learn more about this practice and its role in manufacturing, and explore recommendations that will drive MOM’s efficiency. Its main purpose is to produce better products more efficiently and at lower costs. This practice increases supply chain efficiency, makes it cost-effective and responsive to market changes.

Operations 77

Operations Management Efficiency Resources 77

Johanna Rothman

MARCH 6, 2024

In Effective Agility Requires Cultural Changes: Part 1 , I said that real agile approaches require cultural change to focus on flow efficiency , where we watch the flow of the work , not the people doing tasks. Where the organization rewards resource efficiency, not flow efficiency.) All roads lead to Flow Metrics.)

Agile 81

Agile Culture Efficiency Metrics 81

Johanna Rothman

MARCH 30, 2020

See the Flow Efficiency series.) As a manager, while you might have a bunch of metrics, most of those measures don't help you manage. ( Here are some examples: Demos, even of partially working product. Any of these individual metrics: number of lines of code, number of tests, hours spent in coding, testing, or reviewing.

Management 92

Management Agile Metrics Video 92

Johanna Rothman

FEBRUARY 18, 2022

And, they want metrics. See Schedule Game #11: The Schedule Tool is Always Right as an example.). Many of these people want to use a tool to plan from the “bottom” (what the teams do) to the top (roadmaps and portfolio). Worse, they want to start with a tool. That's never worked. I have nothing against tools.

Tools 110

Tools Agile Metrics Data 110

Johanna Rothman

MARCH 18, 2024

For example, if your entire team mobs/ensembles every day, every member of your team probably has both kinds of expertise. However, hiring managers expect deep agile expertise that connect to the Pirate metrics. The conditions in which you've used flow efficiency thinking to help the team and/or the managers collaborate more.

Agile 81

Agile How To Metrics Productivity 81

Johanna Rothman

MARCH 28, 2023

But second, this is an example of management micromanagement. That's a classic example of resource-efficiency thinking. That's an example of Shorter Plans Results in More Management Ease and Better Results applied to people. Managers can check on that needing help business with flow metrics. Little's Law at work.)

Leadership 65

Leadership How To Metrics Efficiency 65

Harvard Business

APRIL 13, 2017

When I read the piece, it reminded me of a question executives often ask me when I talk to them about the benefits of behavioral economics or give them examples of how they could use it in their own organizations: “Aren’t you afraid it will be used with ill intent?” The result? The implication?

Airlines 75

Airlines Efficiency Study Operations 75

Tom Spencer

JUNE 21, 2024

This initiative positioned us to compete directly with industry giants like FedEx, UPS, and Amazon, offering e-commerce merchants efficient and cost-effective delivery solutions. For example, since I was directly managing merchants and future customers, I consistently visited merchants on-site across the United States.

Transportation 88

Transportation Engineering Resources Productivity 88

Harvard Business

SEPTEMBER 23, 2016

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 28

Metrics Retail Sales Automotive 28

Tom Spencer

DECEMBER 3, 2021

For example, think of the last time you tried to pick a movie to watch. Having a filter to deal with these decisions can increase our awareness of the decision making process, and allow us to make decisions more efficiently and effectively. Filters don’t always have to have well-defined metrics. How long did it take you?

Resumes 88

Resumes Metrics Leadership Sales 88

Epicflow

JUNE 10, 2024

In addition, their focus on effective resource allocation, stakeholder engagement, and change management contributes to enhanced operational efficiency, increased agility, and improved project outcomes. What organizations require a CPO? One of a CPO’s tasks is to ensure optimal resource allocation across a company’s critical projects.

Resources 61

Resources Methodologies Efficiency Metrics 61

Business Consulting Agency

MAY 24, 2024

These tools are crucial for: Improving Efficiency and Productivity AI can automate repetitive tasks, allowing employees to focus on more strategic activities. This leads to increased productivity and efficiency, reducing operational costs. Essential AI tools for modern businesses.

Tools 52

Tools Small Business Efficiency Operations 52

Harvard Business

APRIL 5, 2017

However, firms can efficiently increase margin growth without much revenue growth by managing to squeeze out their fixed costs to service the same level of output. So this measure may mislabel efficient companies as myopic. Consider three examples.

Metrics 42

Metrics Study Cash Flow McKinsey 42

Business Consulting Agency

MAY 2, 2024

The integration of AI technologies can lead to significant improvements in efficiency and effectiveness across various business functions. Explore how AI tools can benefit businesses, provides examples of such tools, and discusses how business consultants can aid in successfully implementing these technologies.

Tools 52

Tools Efficiency Benchmarking Operations 52

Business Consulting Agency

DECEMBER 4, 2024

For example, a small skincare company might benefit from branding that emphasizes natural ingredients and sustainability, appealing to eco-conscious consumers. For example, they might run a series of Instagram ads targeting specific demographics or create shareable content that highlights your products or services.

Small Business 52

Small Business Marketing Trends Media 52

Asamby Consulting

JANUARY 20, 2022

These goals can be tracked through metrics that gives continuous feedback such as OKR, MBO, etc. These metrics are like receiving a score in a video game, which allows everybody to know if they are going in the right direction. In this case, Goals are the perfect way to efficiently coordinate a growing and often delocalized team.

Small Business 52

Small Business Metrics Video Sales 52

Strategic Planning and Management Insights

MARCH 6, 2023

By establishing a clear understanding of expectations and success metrics, your organization can ensure that everyone is working towards a common goal and contributing to the overall success of the organization. However, it's crucial to have a consistent and efficient method for tracking progress.

Report 98

Report Data Strategy Strategy 98

Epicflow

AUGUST 27, 2024

For example, software developers leverage Jira at every stage of the software development lifecycle (ideation, deploying new features, etc.). With these metrics at hand, teams can monitor their progress, identify roadblocks, and make better decisions. It helps teams organize and manage their tasks, workflows, and reports.

Agile 76

Agile Methodologies Software Resources 76

Harvard Business

JANUARY 2, 2018

For example, research has found that 93% of Pinterest users plan purchases on the platform and 87% have made a purchase after seeing a product they liked. Start by basing your social strategy on business objectives, then follow that by thinking about target market, social media platforms, tools, and metrics.

Media 60

Media Company ROI Metrics 60

Clarity Consultants

DECEMBER 29, 2023

They can focus the coursework on critical skill areas, allowing them to close knowledge gaps quickly and efficiently. During this stage, eLearning consultants identify critical success metrics related to workforce performance. With that approach, eLearning programs become far more efficient.

ROI 69

ROI Training Training Survey 69

Harvard Business

JUNE 16, 2017

On the “push” side, HR leaders can do a better job of presenting human capital metrics to the rest of the organization using the LAMP framework: Logic. Articulate the connections between talent and strategic success, as well as the principles and conditions that predict individual and organizational behaviors.

Metrics 56

Metrics Analysis Data Talent 56

Business Consulting Agency

OCTOBER 9, 2024

For example, a clothing store might post seasonal fashion tips, while a tech store could share product comparisons. For example, sending product recommendations, birthday discounts, and loyalty program updates helps keep your brand top-of-mind and encourages customers to return to your store.

Media 52

Media Sales Efficiency Engineering 52

Business Consulting Agency

SEPTEMBER 12, 2024

Running a small business often involves navigating changes to stay competitive, improve efficiency, or adapt to market shifts. For example, if you’re upgrading your inventory management system, a measurable goal could be reducing stockouts by 20% within six months. First, communicate the reasons for the changes clearly.

Small Business 52

Small Business Operations Efficiency Software 52

Kates Kesler

JULY 17, 2016

5. Structure solution only. • Changes do not stick as processes, metrics, and reward mechanisms still reinforce old ways of work. • Sub-optimized results as employees struggle to deliver on new expectations. 8. Unclear design terminology.

Metrics 50

Metrics Enterprise Resources Efficiency 50

Harvard Business

OCTOBER 10, 2017

Every step of the process was measured, and real-time metrics were easily accessible. A great salesperson will operate much more efficiently with a defined process for reaching out to prospects. Metrics emphasized speed. We rebuilt performance metrics to track impact, not to apply pressure.

Metrics 56

Metrics Engineering Operations Sales 56

Business Consulting Agency

NOVEMBER 20, 2024

For example, a sustainability-focused entrepreneur might have a vision of reducing plastic waste globally, with a mission to create innovative, eco-friendly packaging solutions. For example, networking with investors can help secure funding, while collaborating with complementary businesses expands your reach.

Tools 52

Tools Financial Efficiency Trends 52

Business Consulting Agency

NOVEMBER 22, 2024

With this information, they craft tailored strategies that focus on the most effective tactics, ensuring your resources are used efficiently. For example, they optimize your website with keywords relevant to your industry, ensuring it ranks higher in search results. Enhance Brand Visibility In a crowded market, standing out is crucial.

Marketing 52

Marketing ROI Trends Media 52

Business Consulting Agency

AUGUST 15, 2024

For example, a digital marketing consultant can help optimize your online presence by improving your website’s SEO, managing pay-per-click (PPC) campaigns, or developing targeted email marketing strategies. Improved Efficiency and Focus Managing marketing efforts alongside other business operations can be overwhelming.

Marketing 52

Marketing Consulting How To Efficiency 52

Business Consulting Agency

OCTOBER 31, 2024

Streamline Supply Chain and Logistics Efficient supply chain management is essential for success in the US market, given its size and geographical diversity. For example, they might identify a growing demand for sustainable products or highlight emerging opportunities in specific industries.

Marketing 52

Marketing Management Trends Efficiency 52

Business Consulting Agency

OCTOBER 31, 2024

Streamline Supply Chain and Logistics Efficient supply chain management is essential for success in the US market, given its size and geographical diversity. For example, they might identify a growing demand for sustainable products or highlight emerging opportunities in specific industries.

Marketing 52

Marketing Management Trends Efficiency 52

Epicflow

SEPTEMBER 19, 2022

Project management maturity (or PMM) reflects a company’s ability to manage projects efficiently. They usually describe levels indicating the current state of an organization in terms of project management efficiency and propose recommendations on how to proceed to more sophisticated levels. . Let’s examine some of them. .

Management 52

Management Metrics Resources Efficiency 52