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 Studies 78

Case Studies Case Study Transportation Efficiency 78

Tom Spencer

SEPTEMBER 10, 2021

They have an operating budget based on the amount of their grant. All industries use numbers and metrics to describe performance, measure trends, and allocate status. Using the metrics for decision making. The first step to understanding a new set of metrics is to put them into context. Understanding the calculations.

Metrics 88

Metrics Industry Benchmarking How To 88

Tom Spencer

OCTOBER 13, 2023

In this article, we will explore the importance of profitability ratios and valuation metrics that are crucial when analyzing banks. There are seven key profitability ratios and two valuation metrics that it is important to understand. It is not a useful metric for comparing different business lines.

Metrics 88

Metrics Banking Balance Sheet Efficiency 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 70

Metrics Retail Sales Automotive 70

Tom Spencer

NOVEMBER 15, 2024

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. As wearable technology continues to advance, we’re seeing the development of more sophisticated devices capable of monitoring a broader range of health metrics.

Healthcare 78

Healthcare Data Trends Efficiency 78

Harvard Business

APRIL 5, 2017

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. Consider three examples.

Metrics 99

Metrics Study McKinsey Cash Flow 99

Harvard Business

MAY 24, 2016

Operations in a Connected World. But it turns out these methods don’t just have to do with technology and operations. Deere managers call it a “motivation metric” or even a “happiness metric.” For example, whenever a new person joins the team or others leave it, the team dynamics change.

Metrics 132

Metrics Survey Software Operations 132

Tom Spencer

NOVEMBER 15, 2024

Use concrete metrics to demonstrate your contributions, such as cost savings, revenue growth, or operational improvements. For example, some of my peers at my MBB firm took on internal rotations as Chiefs of Staff for senior leadership, gaining unique insights into global consulting operations.

Consulting 60

Consulting Finance Nonprofit Transportation 60

Harvard Business

NOVEMBER 29, 2018

A core challenge of management is to ensure that the organization’s priorities, strategies, and metrics are consistently embraced and that any impediments are identified and addressed quickly. Metrics that are reported daily, such as “units at capacity.” CAPTION TEXT HERE/Getty Images.

System 130

System Healthcare Metrics Report 130

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?” following the introduction of checklists. The implication?

Airlines 190

Airlines Efficiency Study Operations 190

Harvard Business

APRIL 6, 2017

Of course, people do use existing comms and social software to manage quality information and close relationships — the beloved chat app Slack is widely used by couples and families, for example. Technologists often discuss the problem of “ vanity metrics.” So what are the metrics for high-quality social media?

Media 128

Media Metrics eBook Software 128

Effective Managers

FEBRUARY 4, 2022

Session 2: Metrics vs Strategy. Input metrics are essential as these metrics are leading indicators of your eventual output metrics and results achievement. They have a significant tendency to focus on outcome metrics instead of their company strategy. Learn more about Session 1 and register here: [link].

Metrics 130

Metrics Strategy Strategy Strategy& 130

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. Here are some examples of how the solution helps CPOs in their work. What organizations require a CPO?

Resources 157

Resources Methodologies Efficiency Metrics 157

Harvard Business

OCTOBER 10, 2017

Every step of the process was measured, and real-time metrics were easily accessible. In Precision’s case, good tactical performance required developing rules, checklists, and standard operating procedures and then following them closely. Metrics emphasized speed. Every spot on every line was visible to managers.

Metrics 134

Metrics Engineering Operations Sales 134

LSA Global

JANUARY 22, 2025

For example, the performance of swim, track, golf, and gymnastics teams is a function of what its members do as individuals. Examples include basketball, football, and soccer teams. Teams operate best when they understand, believe in , and commit to a meaningful and shared purpose.

Management 68

Management How To Construction Training 68

Harvard Business

NOVEMBER 7, 2017

The fourth gap between strategy and execution is in measurement and metrics. The assumption is that financial measures like cost and revenue are sufficient metrics to measure progress. You need metrics that tell you how well your game plan is being executed — metrics that all of your players can organize around.

Strategy 134

Strategy Strategy& Strategy Metrics 134

Harvard Business

SEPTEMBER 19, 2017

Metrics Are Not Your Friends. A growing body of evidence shows that ethical companies outperform financially over time , but trying to translate such a broad finding into the short-term planning metrics used by most businesses is perilous. They are less subject to short-term operational pressures, and accordingly less risk-averse.

Ethics 136

Ethics Metrics Energy Financial 136

Harvard Business

NOVEMBER 6, 2018

These data scientists design, define, and implement metrics, run and interpret experiments, create dashboards, draw causal inferences, and generate recommendations from modeling and measurement. What are some examples? In larger and more sophisticated data operations, more fine-grained roles are necessary. What is the output?

Data 132

Data Engineering Software Metrics 132

Harvard Business

APRIL 23, 2018

Take for example a UK food delivery service that I’ve studied. The engagement of its drivers, who deliver milk and bread to millions of customers each day, was dipping while management was becoming increasingly metric-driven in an effort to reduce costs and improve delivery times. Other employee innovation ideas were larger.

Leadership 171

Leadership PricewaterhouseCoopers Banking Examples 171

Tom Spencer

FEBRUARY 1, 2020

In the methodology upheld by Kennedy as well as Consultancy.org, Management Consulting is a collective term used for all services that fall under Strategy Consulting, Operations Consulting and HR Consulting. Operations Consultants: Operations consultants are consultants who help clients improve the performance of their operations.

Consulting 135

Consulting Operations Financial Real Estate 135

Harvard Business

NOVEMBER 9, 2016

” Good management practices should already be in place — for example, effective budget practices and a stable staff schedule. Without such clearly defined standardized work for the day-to-day operations manager, two things happen. Standardizing work processes is a concept from lean management.). Management “hygiene.”

Healthcare 110

Healthcare System Operations Metrics 110

Harvard Business

MAY 24, 2017

Like many patients, Jess felt her providers were delivering very little quality of care when defined by the one metric that mattered most to her: time. While Jess didn’t get her care at Kaiser Permanente, we are working to improve on this metric. By the end of this year, we hope to grow that number to 25%.

Metrics 131

Metrics Education Operations System 131

Harvard Business

SEPTEMBER 19, 2018

But such a change would probably not change how resources are allocated or businesses operate. We then scored the quality of disclosure based on whether there is no disclosure, generic disclosure, backward-looking metrics, or forward-looking metrics for a category. They are rich, specific, and actionable.

Metrics 125

Metrics Financial Marketing Trends 125

Harvard Business

NOVEMBER 12, 2018

Last year, for example, Russell 3000 companies received 144 shareholder proposals requesting action on social and environmental issues. The UN, for example, has outlined 17 broad Sustainable Development Goals for 2030. And at many companies, sustainability efforts are measured with well over 10 internal metrics.

How To 128

How To Survey Metrics Energy 128

Harvard Business

MAY 25, 2017

Other firms have ventured down this path, including the conglomerate Wesfarmers , with its 200,000-plus staff, and the global hospital operator Ramsay Health Care. ” Take, as an example, the world’s largest mining company by market capitalization, BHP Billiton. Should soft measures be part of a CEO’s scorecard?

Financial 120

Financial Banking Metrics Benchmarking 120

Harvard Business

AUGUST 30, 2018

To show how it works, we’ll walk you through an example. They reached out to us because we wrote a book describing how these performance outcomes would be improved with an operating model that increases motivation.). For example, in one store, a challenge was how to get more walk-in customers.

How To 131

How To Retail Productivity Sales 131

Markovitz Consulting

MAY 19, 2021

We can argue over specific metrics, but we’d all agree that we have to account for physical as well as mental/emotional health. As with individuals, there will be disagreement over metrics, but clearly we have to consider financial performance, internal stakeholders (employees), and external stakeholders (community).

Company 124

Company Balance Sheet Metrics Engineering 124

Harvard Business

OCTOBER 6, 2016

Right now, for example, the hot topic is “digital leadership” — driving organizations to be more innovative, iterative, and collaborative as they develop digital strategies to disrupt or transform their current business. The culture at GE, for example, centers on execution, simplicity, and innovation.

Leadership 134

Leadership Deloitte Culture Pharmaceuticals 134

Harvard Business

JUNE 22, 2016

For example, do you make and sell things, hire skilled employees and provide services, develop and new IP like software or pharmaceuticals, or build and manage digital networks, be they transactional, informational, or social? This will require reporting on new metrics. The first step is to pinpoint your starting place.

How To 123

How To Metrics Pharmaceuticals Hotels 123

Harvard Business

JUNE 6, 2017

They were inefficient and difficult for adults to use — and, of course, the adults were the primary operators because the kids got tired of using the equipment after about 15 minutes. PlayPump’s downfall lay in its failure to measure by those metrics, leading them to run headfirst toward catastrophe.

Metrics 134

Metrics Culture System Course 134

LSA Global

NOVEMBER 11, 2024

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. Examples include basketball, rugby, soccer, and football teams. Examples of working groups include swim, golf, wrestling, and gymnastic teams.

Groups 68

Groups Change Management Culture Training 68

Johanna Rothman

MARCH 14, 2024

Tools and technology: Operating systems, languages, anything specifically technical. For example, if you have 20 years of experience in banking, you know a lot about the various regulations and how they affect product development. Problem space is a customer (outside) orientation. Industry expertise.

Agile 100

Agile How To Metrics Productivity 100

Epicflow

JUNE 28, 2023

More and more business organizations are becoming data-driven – they are leveraging technology and data to gain actionable insights, improve operations and decision-making, and as a result achieve better outcomes. Also, data analytics makes it possible to make predictions, for example, foresee future challenges. How does it work?

Data 130

Data Management Resources Software 130

Harvard Business

JULY 1, 2016

Countries that operate under common law, including the United States and the United Kingdom, lean in this direction. Countries that operate under civil law, including France, Germany, and Japan, tend to be in this camp. .” This includes non-financial and financial performance metrics as well as incentive compensation plans.

Cash Flow 121

Cash Flow Government Metrics Policies 121

Harvard Business

MAY 3, 2018

The operating room is one of the most resource-intensive environments in our health care system. We developed Operating Room Cost Accountability (ORCA), a tool that compiles an itemized list of supplies used for each procedure a surgeon performs. In other words, it provides surgeons with cost data for the resources under their control.

Operations 73

Operations Data Tools Metrics 73

BCG

MAY 9, 2016

BCG’s Retail-Banking Excellence benchmarking study (REBEX) profiles the operational and digital practices and performance of 20 of the world’s leading retail banks, a group of 40 institutions chosen for their size and the strength of their capabilities. At the heart of the benchmarking are core operational metrics.

Operations 40

Operations Retail Banking Benchmarking 40

Harvard Business

MAY 31, 2017

Before 1999 “performance” had a simple, unidimensional definition for health care leaders and their boards: It was shorthand for the CFO’s financial report, summarizing operating margins. The financial health of the organization was the most important metric for management and governance to follow.

Comparison 134

Comparison Financial Report Data 134