Progressive executive teams recognize product managers as the overall business owner or a business unit manager for a specific set of deliverables—the product. Product managers are responsible for the perception they want for their role. Strong PDMs leverage product management success metrics...
This KPI is essential for manufacturing executives as it contributes to efficient supply chains, high-quality products, and sustainable business growth. Effective SRM goes beyond transactional interactions and focuses on strategic collaboration for long-term success. Components of Supplier Relationship Managem...
A KPI’s type provides a general idea of its organizational purpose, time frame, and level within the business. Strategic Strategic KPIs are monitored at the executive level to measure the organization’s overall health. They track progress along organizational goals. Examples of strategic KPIs ...
The image below shows what their recruitment strategy map looked like. The arrows indicate the internal relationships between the company’s different goals. The executive board decided on the strategic objectives, and based on those, HR established the HR goals. ...
Simple pie charts and lists of numbers might not be enough to track your progress accurately. Instead, you should look for anexecutive dashboardthat offers comprehensive insights throughvisual elements. Elements like graphs, gauges, thermometers, and progress bars make monitoring progress easier. ...
Henry Mintberg, a professor at the Faculty of Management at McGill University, suggests an even more extreme point of view. In his article4for The Wall Street Journal, he doesn’t suggest any cure to the problem of executive bonuses; he just says that “the problem is that they [executive...
Percentage of coverage—for your brand, products, or high-profile executive(s)—compared to competitors. Include several competitors togauge your place within the industry at large, or benchmark one at a time and drill down into the corresponding media coverage to uncover key differentiators. It’...
To ensure team alignment and address interconnected measures and goals, communicate findings to all relevant parties. Instead of relying on error-prone spreadsheets, use customizable KPI dashboards for reporting. Create specific dashboards for departments involved in KPIs and another for executive teams...
year’s contract.) It’s also a chance to identify product or competitive challenges early: we should be proactively calling up to understand what’s happening. We’ll generate some interesting C-level reactions by presenting the list of currently inactive customers at every week’s executive ...
Operational KPIs are often used by managing staff and to analyze questions that are derived from analyzing strategic KPIs. For example, if an executive notices that company-wide revenue has decreased, they may investigate which product lines are struggling. Functional Functional KPIs hone in on speci...