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The goal trap for small businesses

Asamby Consulting

These goals can be tracked through metrics that gives continuous feedback such as OKR, MBO, etc. These metrics are like receiving a score in a video game, which allows everybody to know if they are going in the right direction. Though the metrics may not contain the same level of information.

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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? Related Video.

Metrics 31
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Uber Shows How Not to Apply Behavioral Economics

Harvard Business

As Noam Scheiber writes in the Times article, “Employing hundreds of social scientists and data scientists, Uber has experimented with video game techniques, graphics and noncash rewards of little value that can prod drivers into working longer and harder — and sometimes at hours and locations that are less lucrative for them.”

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There Are Two Types of Performance — but Most Organizations Only Focus on One

Harvard Business

Every step of the process was measured, and real-time metrics were easily accessible. In Precision’s case, good tactical performance required developing rules, checklists, and standard operating procedures and then following them closely. Metrics emphasized speed. We made a number of operational changes to the call center.

Metrics 37
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How to Improve Your Finance Skills (Even If You Hate Numbers)

Harvard Business

The most important concepts to grasp are “how to measure profitability, EBITDA, operating income, revenue, and operating expenses,” he says. Related Video. See More Videos > See More Videos > Tackle the balance sheet. ” Focus on key metrics. The Refresher: Net Present Value.

Finance 28
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How HR Can Become Agile (and Why It Needs To)

Harvard Business

While initially designed to improve the responsiveness of software development teams, more recently agile has become the default team-based operational model for companies big and small, across industries and sectors, with the promise of a substantial and sustained spike in team productivity and efficiency. Related Video.

Agile 28
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Are You A Future-Ready Leader?

Organizational Talent Consulting

This TikTok video and news clip of a robotic server at Denny’s went viral with people on both sides of the debate. link] Most economists hold a belief that a more efficient workforce leads to competitive advantage and lowers the costs of goods and services. Automation is everywhere and is a controversial employment topic.