The last segment of a position description - which of the Initiatives / Goals / Objectives do they impact performing their position description. Everybody in the organization is responsible for objectives and goals affected by their position: (1) Business Acumen Training, (2) MBO, (3) Shared Financials
Given Shows 16, 20, 24, and 28, create a system for providing employees information on performance that enables them to self-correct and make more efficient use of company resources when achieving business goals.
EPISODE 149: Summary
Line of Sight is part of the larger picture and crucial to business success - Vertical Alignment. It means that all of the company's resources are aligned to achieve its business objectives. Line of Sight means that everyone has constant feedback on progress and results with the expectation they will use the information to self-correct.
EPISODE 150: What is 'Line of Sight'?
Line of Sight is the mechanism for establishing vertical alignment and then maintaining it. Your long term goal as an owner is to get everyone understanding how their day-to-day performance impacts the business. You cannot expect people to help meet the goals of the business if they don't know what it is, their responsibilities, and how they are doing.
EPISODE 151: The Use of Employee Dashboards and Company Scorecards
Like Line of Sight and Vertical Alignment, Dashboards and Scorecards starts with a Balanced approach to business goals. The concept was developed several decades ago when addressing the problem of how to directly affect profit. As most businesses know, financial performance of the company is the effect, not a cause. That begs the question: what drives profits?
Every company has its own version, the one we use is simple and it drives how IBGR creates programming. Financial Performance equals Operations plus Customers plus People multiplied by the Executive or owner.
EPISODE 152: Visual Management - Daily Posting of Performance
Let's start with the benefits of having every individual and work group post their numbers daily. This is a separate technology than having a Dashboard on their computer, it is a physical activity in publicly showing individual performance.
Next Show/Chapter 36: Employee's Charting Their Performance
How to apply today's show to your business:
new choice for BUSINESS SEARCH