Remove Metrics Remove Productivity Remove Sports
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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. For a simple comparison, consider this sports team analogy. In team sports, measuring vital, non-point metrics and de-emphasizing individual metrics is not a new concept.

Metrics 100
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How to Build Great Data Products

Harvard Business

Products fueled by data and machine learning can be a powerful way to solve users’ needs. Classic examples include Google search and Amazon product recommendations, both of which improve as more users engage. Data products are a team sport. Develop the data-savvy of product and business groups.

Data 122
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Tesla Shows How Traditional Business Metrics Are Outdated

Harvard Business

He wanted to build a sports car, then build a more affordable car with zero emissions. At the core of the confusion over a company like Tesla is that traditional business metrics are outdated and can create overconfidence or underestimation. We don’t need to throw out all classic business metrics. more units than Tesla.

Metrics 71
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There Are Two Types of Performance — but Most Organizations Only Focus on One

Harvard Business

Every step of the process was measured, and real-time metrics were easily accessible. When Bernstein hid a set of production lines from managers’ view, the performance of employees on those lines increased by 10% to 15%. They will represent the products more consistently. Metrics emphasized speed.

Metrics 134
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Socialism May Work in Sports but Not in Business

Martinka Consulting

In the NFL, and other pro sports, the league has a salary cap that teams must adhere to. Those include: If we pay people too much based on their productivity we’ll lose money. Good metrics make a difference. Banks are in business to be paid back and have their own metrics, which borrowers must meet or exceed.

Sports 40
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Five Tips for Managers of Newly Dispersed Teams

Johanna Rothman

If you're creating products of any kind—especially software products—you've got a team sport. Successful software product development is about how well the team learns together. The better the team learns together, the better the product is. See Product Orientation Requires Technical Excellence ).

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When You Agree to a Networking Meeting But Don’t Know What You’re Going to Talk About

Harvard Business

Here are four ways to ensure your networking meeting is productive and meaningful, even if the agenda is amorphous. But by using the approach above, you can create your own metrics for success and potentially develop life- and career-changing connections.

Meeting 131