May 2022
Measuring performance should harmonize seamlessly with your strategy, but many companies grapple with this crucial alignment. Without reliable Key Performance Indicators (KPIs), tracking strategy success becomes a maze and misdirected strategic goals can recur.
The Key?
- Engage – Get input from your key stakeholders and hold them accountable, so they identify the outcomes that truly matter to them. However, their KPIs MUST BE aligned with the strategy’s success. What will keep them engaged as your strategy champion? If you don’t take this seriously, your strategy champions become doubters, and you risk wasting precious time on dysfunctional meetings and adjustments.
- Do not create a lengthy list of KPIs that are unrelated to the strategic priorities and goals. If an unrelated KPI is so important to a stakeholder, then why aren’t they measuring it already?
Whether it’s a new strategic plan, or a reset, Core Business Intelligence can get you back on your path to success. Your plan will NOT fail at execution! For strategic planning that incorporates emotional intelligence that embraces a winning culture from your Board to every employee on your team, contact Core Business Intelligence.
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