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Importance of Metrics

Terri Reeves Thursday, September 25, 2014 Blog
Broadbent's Blog

Broadbent
Written by John Broadbent, National Solutions Lead.

In the book, Mastering The Rockefeller Habits, author Verne Harnish makes the point that Priorities, Data and Rhythm are the mainstays of any successful growing business.

To summarise, that’s aiming for goals (Priorities), collecting real-time meaningful information (Data) and putting in regular processes (daily, weekly, monthly, quarterly, yearly) to discuss and do something about it (Rhythm).

As a person who’s been at the Australian manufacturing coal-face for almost 40 years, I regularly see manufacturing businesses who refuse to measure even basic performance metrics. Some try with outmoded paper systems and in doing so, actually admit that the information being collected is inadequate. Some are honest enough to admit it cannot even be trusted! Poor or misleading information is worse than none at all …

Those that I have embarked on a journey to improve their MI (Manufacturing Intelligence) have reaped ROIs of weeks or months.

The introduction of Mastering The Rockefeller Habits has a +100 testimonials from leading CEOs about the importance of Priorities, Data and Rhythm.

I cannot help you set your goals or put in place a program for regular review, however when it comes to Data, collecting, contextualising and presenting is where we excel.

Do yourself a favour and get a copy of the book. Read it, then we can discuss how to provide your business with the best Data possible, to measure performance and help you progress toward your goals and business success.

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