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How Key Performance Indicators Fuel Business Performance
Manage episode 424666450 series 3445240
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In this episode of Mike on the Mic, I’ll be discussing the importance of measuring success in organizations. I’ll note that many organizations are "flying blind" and not looking at the right numbers or not sharing the numbers with their team. Emphasizing that measuring success goes beyond revenue and profit and that sometimes the numbers aren't even known or accurate, stressing the importance of sharing KPIs and holding specific individuals accountable for them. And noting that accountability is always and only one person's responsibility and that educating the team on KPIs is crucial for success. To build a successful team, everyone needs to understand the right numbers and their impact.
Thanks for listening! Connect with us at mike-goldman.com/blog and on Instagram@mikegoldmancoach and on YouTube @Mikegoldmancoach
Chapters
1. How Key Performance Indicators Fuel Business Performance (00:00:00)
2. What Drives Success In A Business (00:03:19)
3. Measuring Success (00:05:19)
4. Types Of KPIs (00:07:26)
5. Financial And Non-financial Indicators (00:07:53)
6. Leading VS Lagging Indicators (00:08:44)
7. People VS Process Measures (00:12:10)
8. Understanding/Education (00:15:06)
9. Accountability (00:15:29)
78 episodes
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