Wednesday, July 16, 2008

It's essential to measure progress

Yesterday we talked about sharing your strategic plans.
Today we’re going to talk about measuring results.
Strategy #1: Track progress daily and weekly.
Your plan must have measurable results.
Dollars, sales orders or other hard numbers must be measured.
Each team should report their progress to you in a timely manner.
Short-term tactics should be reported daily.
Longer-term ones should be reported weekly or monthly.
Agree in advance how often each team should report.
Strategy #2: Hold your team leaders accountable.
You should not have to ask continually for progress reports.
If that’s the case, change your team leadership.
You need accountable leaders heading each team.
Compile all teams’ progress and post it for all to see.
Report regularly to your board and all your employees.
Encourage them to share these results with their loved ones.
Send their families your own monthly or quarterly report.
Keep them up to date on the company’s progress.
Let them know how their loved ones are making this happen.
On achieving your objectives, let everyone know.
Hold a celebration. Make it a party.
Invite your employees’ families to join you.
Tomorrow we’ll talk more about this.
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