Remove Construction Remove Efficiency Remove Metrics Remove Strategy
article thumbnail

The 3 Pillars of an Effective Data Management Strategy: Monitoring, Tracking, and Reporting

Strategic Planning and Management Insights

SME Strategy is a strategy consulting firm that specializes in helping organizations align their teams and operations around a shared vision, mission, values, goals, and action plans. However, without a data strategy , the likelihood of achieving successful outcomes is greatly diminished.

Report 98
article thumbnail

The Effects of Misunderstood Corporate Strategies

LSA Global

Misunderstood Corporate Strategies Undermine Success. Misunderstood corporate strategies threaten your success. A corporate strategy is the plan you create to achieve specific goals. If you want to perform at your peak, you need your strategy to be clear, believable, and implementable across the organization.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Managing Risks and Controlling Projects: How Data-Driven Project Management Come in Useful for Multi-Project Environments

Epicflow

In this article, we’re delving into the most essential aspects of efficient project management that can ensure successful and timely delivery, and also dwelling on the importance of project data for risk management in single-project and multi-project environments. So, what do you need for an efficient risk analysis?

article thumbnail

Don’t Be Tyrannized by Old Metrics

Harvard Business

While effective metrics are essential for focusing attention and achieving results, they can also overpower better sense. Most industries cower to a few central metrics, the yardsticks that define the winners and losers. Metrics tried and proven over years become a guide to what’s important, driving resource allocation.

Metrics 28
article thumbnail

We Can’t Study Short-Termism Without the Right Metrics

Harvard Business

However, higher accruals can reflect either innocuous aspects of certain business models, such as in the construction industry, where the time lag between earning income and realizing cash is long, or that growing firms retain higher working capital to meet greater current and future customer demand.

Metrics 28
article thumbnail

Is Your Company Actually Set Up to Support Your Strategy?

Harvard Business

For every company wrestling with evolutions in its strategy, success depends as much on matching the operating model to those evolutions as it does on the soundness of the strategy itself. But exactly how do today’s companies create or update an operating model to match adaptations or wholesale changes in strategy?

article thumbnail

A 4-Step Process to Help Senior Teams Prioritize Decisions

Harvard Business

Advanced materials and new construction methods were bringing far greater complexity to manufacturing processes. For instance, the list included a decision about embarking on a process-innovation strategy and one about bringing the production process closer to the customer. Understand their characteristics.