Archive for September 27, 2018

Measuring Success

Here comes the hardest part. Now that you have defined where you are going and the path to get you there, establishing the measurements for determining whether or not you are successful is needed.

Here are some hints:

  • Be realistic: Creating unachievable results set you up for failure.
  • Be as specific (quantitative) as possible: Vague measurements are almost impossible to achieve.
  • Be consistent: Align your measurements with what you really want to achieve.

By measuring where you are going, the path to get you there, and the methods that you will use to achieve it, you will know how to achieve your objectives.

Can we help? Contact Charlene Aldridge at 972.447.9787 or CharleneAldridge@aldridgekerr.com to discuss how we can assist you in improving how you do what you do.

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If you prefer a do-it-yourself approach, check out My COO Resources.

The Path to Get There

In our last blog, we discussed the need to clearly define what you want your Company to achieve. By doing so, you will have begun to identify your objective for success.

Next, identifying the path to achieve that goal is needed. For example, if you want to launch a new product line or service, consider:

  • What is being launched?
  • What is required to launch it, including but not limited to people, processes, tools/resources, timeframe, etc.?
  • What are the obstacles to achieving this?
  • What will work – and will not work?
  • What will it look like when it is successfully launched?

By considering the path that must be taken to launch, you are beginning to more clearly define the measurements you will need to achieve your desired results.

As with any initiative, project, or objective, understanding the path to get there is critical. Need help? Contact Charlene Aldridge at 972.447.9787 or CharleneAldridge@aldridgekerr.com to discuss how we can assist you.

Sign up for our newsletter here.

If you prefer a do-it-yourself approach, check out My COO Resources.

Measuring Where You Are Going

In our most recent newsletter, we identified that defining methods for measuring success is another building block of operational effectiveness.

A logical starting point in measuring success is having clarity on what you want to accomplish. This can be measured in a variety of methods, based on what you want to achieve:

  • Defined revenue growth by percentage or dollar amount
  • Execution of a new or enhanced product or service
  • Implementation of a project or initiative
  • Meeting or exceeding a deadline

By defining: “we as a Company want to … (complete the sentence),” you have taken the first step in measuring success.

As a Business Leader, take a moment to consider what you would like to accomplish by the end of the fourth quarter. Then look for our blogs over the next few weeks as we help you to more clearly define how to establish a measurement criterion to achieve it.

Contact Charlene Aldridge at 972.447.9787 or CharleneAldridge@aldridgekerr.com to discuss how we can assist you in defining how to measure your success.

Sign up for our newsletter here.