Remove Efficiency Remove Fashion Remove Metrics Remove Productivity
article thumbnail

Call Length Is the Worst Way to Measure Customer Service

Harvard Business

Practitioners and pundits alike have long debated which metric is best for assessing the performance of a service organization. It’s not surprising that the metric figures prominently on a service rep’s scorecard. Why is average handle time such a bad metric for service? And customers can tell.

Metrics 36
article thumbnail

Can Index Funds Be a Force for Sustainable Capitalism?

Harvard Business

Among other things, there is growing demand from both retail and institutional investors to align their capital with better environmental and social outcomes, and more resources going into index fund or quasi-indexing products. In both cases, social and environmental metrics matter for the business’s financial success.

Insiders

Sign Up for our Newsletter

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

article thumbnail

A Blueprint for Digital Companies’ Financial Reporting

Harvard Business

The level and trend of a company’s top-line metric is an advance indicator of the success of its business model. The company’s first revenues indicate the acceptance of its product or services by customers. Many of these metrics are disclosed in Facebook’s financial statements.

article thumbnail

How Companies Are Benefiting from “Lite” Artificial Intelligence

Harvard Business

These include improving data-mining operations, helping with training, and making structured, repeatable tasks and processes far more efficient and less costly. ABIe pulls its answers from a data warehouse, where all the knowledge relating to the company’s products and processes has been organized.

Company 28
article thumbnail

How to Pass the McKinsey Problem Solving Game

CaseInterview.com

This game evaluates the candidate’s ability to solve problems efficiently and think critically. In ecosystem-type games, there are often local minimums and maximums, or rules regarding how certain metrics used in the game must be greater than or less than some specific threshold. So a bottom-up approach works.

article thumbnail

A Better Way for Employers to Procure Health Care

Harvard Business

companies manage their supply chains with diligence to ensure suppliers meet their standards for quality and affordability, but the vast majority don’t behave in this fashion when purchasing health care services. Define the product specifications. Don’t pay for defective products. It is a costly mistake.

article thumbnail

What Great Data Analysts Do — and Why Every Organization Needs Them

Harvard Business

Today’s fashion in data science favors flashy sophistication with a dash of sci-fi, making AI and machine learning the darlings of the job market. Performance means more than clearing a metric — it also means reliable, scalable, and easy-to-maintain models that perform well in production. The result?

Data 53