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Using the Right Performance Metrics: Watch out for P&Ls

Kates Kesler

Metrics serve as a powerful motivator and unfortunately, are often perfectly designed to drive sub-optimal results. For a simple comparison, consider this sports team analogy. In team sports, measuring vital, non-point metrics and de-emphasizing individual metrics is not a new concept.

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Socialism May Work in Sports but Not in Business

Martinka Consulting

In the NFL, and other pro sports, the league has a salary cap that teams must adhere to. Good metrics make a difference. Banks are in business to be paid back and have their own metrics, which borrowers must meet or exceed. The post Socialism May Work in Sports but Not in Business appeared first on Martinka Consulting.

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Tesla Shows How Traditional Business Metrics Are Outdated

Harvard Business

He wanted to build a sports car, then build a more affordable car with zero emissions. At the core of the confusion over a company like Tesla is that traditional business metrics are outdated and can create overconfidence or underestimation. We don’t need to throw out all classic business metrics. more units than Tesla.

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Forget the Target, What’s the Range?

Alan Weiss

In sports, one team or one person wins a game, but over the course of a season, you don’t have to win every game to be the champion. Help your clients to understand and identify that range and not be solely focused on a single metric. We tend to think of success or “victory” as a bullseye.

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Premium Tickets: Perception + Utility = Opportunity

Wakeman Consulting Group: Dave's Blog

This is important: Sports teams have lived on long-term premium contracts for a long time. While also heavily investing their attention in the sport and the team. Three, it is easier to focus on “impressions”, “engagement”, and other easy to measure metrics. We talked about awareness, pricing, and more this week. Why is this so?

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Five Tips for Managers of Newly Dispersed Teams

Johanna Rothman

If you're creating products of any kind—especially software products—you've got a team sport. As a manager, while you might have a bunch of metrics, most of those measures don't help you manage. ( Any of these individual metrics: number of lines of code, number of tests, hours spent in coding, testing, or reviewing.

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When to Seek Help from a Coach for Case Interviews

Tom Spencer

Ask for unfiltered feedback with quantifiable metrics. Just like in sports, doing drills will allow you to work on improving individual parts of your performance. Be open to feedback as the whole reason you are seeking a coach is to get better. Listen to what they are telling you and try to incorporate it into your performance.