EPISODE A4.009 Monitoring Progress on MBO

RESULTS RADIO..."Let's Grow Together"

Introduction
As of Monday morning we had Mozambique join the audience making it our 117th country, not bad for just our Second Season on the air. We currently have entrepreneurs and owners in 60% of the global business community tuning in daily - thank you and we are just getting started!

We have three more weeks of shows left - 009 through 012 before Season 3 starts and everyone is excited about our hard launch on October 5th from the Kilo Market (Australia, New Zealand, Singapore, Philippines, Taiwan, Hong Kong, and surrounding areas). 

There are several ways you can interact with the station and our OnAir Hosts:

• Pulsating ? on every page. It is a direct link to the Host and they will respond to your question during the show;
• Hit us up on social media - Facebook, Instagram, LinkedIn, and Twitter. Our handle is ibgrnetwork;
• JOIN our Community of Commerce and become an insider with direct access to our Hosts and support materials discussed on the show.

JOIN our Community and Let’s Grow Together!
​
Show Objectives - The Why
This is one of our 4 Pillars for Self-Managing Organizations. It is the mechanics of moving from aspirations to results - how do I take what we want or need and achieve those results over a period of time.

Key Issues - Owner/Manager Perspective:

1. How does the MBO process work?
2. How do I control the process?
3. How much participation should I allow?
4. How do I measure it without being consumed by it?

What You Need to Know - The What

• ​EPISODE A.013 CONVERTING INITIATIVES INTO GOALS
• EPISODE A.014 CONVERTING GOALS INTO BUSINESS OBJECTIVES

​What You Need to Do​​ - The How

1. MBO Process
   1. Create Strategic Initiatives (aspirations) for the period, convert SI into Goals (results) to achieve.
   2. Cascade Goals through the organization, convert into Objectives (activities) to perform.
   3. Rollup Objectives and Goals for final approval and alignment of resources.
   4. Monitor progress (activities) and results (goals) over the period.
   5. Hold periodic meetings to align, calibrate, and improve performance.
   6. Informally recognize performance, formally reward results.
2. Monitor progress (activities) and results (goals) over the period.
   1. ​Scheduling Metrics - amount of work completed vs scheduled.
   2. Efficiency Metrics - performance of activities against budget.
   3. Waste Metrics - elimination of nonvalue added activities
3. Visual and Electronic Dashboards

Shows

• Previous: EPISODE A4.008 MONITORING CAPACITY VS SALES VS WORKING CAPITAL
• Next: EPISODE A4.010 Identifying Performance Gaps Requiring New Investment