To this end, we recently surveyed 200 senior executives (vice president and above) in UK and US-based companies with a turnover of over $1bn.The results were illuminating to say the least, as 44 per cent said that their companies lacked consistent key performance indicators (KPIs) across their front, middle and back offices. So what metrics should organisations be using to check their pulse? Here are eight health indicators every business should use to continually assess whether they are on track to optimise their performance. (1) Data Sustained organisational excellence is predicated on an organisation’s ability to turn performance data, targets and insights into meaningful action and improvement. (2) Organisational strategy To be effective, an organisation must have a strategy, aligned with an organisational purpose that every team member—from the boardroom to front-line employees — can get behind and feel responsible for delivering. (3) Operational agility Operational excellence is grounded in an operating model that serves as the blueprint for achieving an organisation’s strategy. Following the guiding principle “design to scale,” agility needs to be embedded into core and supporting processes, structure, roles and governance to enable continuous improvement. (4) Culture An overall culture of excellence is the final manifestation of a clear corporate vision, mandate and reason for being (i.e. “purpose”) that permeates the entire organisation.
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Building on the that, Real Business learnt during our time at the Sage Summit in Chicago that if you collaborate and disrupt, you can become the Braveheart of business.Image: Shutterstock
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