Tuesday, June 24, 2014

managing business in metrics - 980

Uses of metrics in business

Be more quantitative in management because a sustainable profitability is always defined and planned in metrics.
  1. For planning (measured objectives)
    • defining objectives
    • measuring goals
    • Critical performance gaps
    • Modelling - cost, volume, profit analysis
    • Modelling - ROE chart
    • Market positioning
  2. For efficient operations (set key performance indicators)
    • inputs
    • processes
    • outputs
    • modelling 
  3. For integrated strategies (key result areas)
    • marketing
    • operations
    • HR
    • Finance
    • BSC perspectives
    • Strategic mapping
  4. For performance controls
    • standard KPIs
    • integrated budgets
    • Variance analysis
    • Exceptional
    • pure performance
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