Posts

Business Performance Assessment Program Best Practice 5 – Seek Local Participation for Context

/in , /by

StrategyDriven Business Performance Assessment Program Best Practice ArticleProperly performed self assessments provide business leaders with deep insights as to what is working well and opportunities for improvement within a business function, area, or process. These insights become even more beneficial when the practices and results of top performers are used as a reference or benchmark for the evaluation. Best practices, however, are not always relevant to every situation or circumstance. Therefore, it is important to consider local context when evaluating performance against accepted best practices.

Hi there! Gain access to this article with a StrategyDriven Insights Library – Total Access subscription or buy access to the article itself.

Subscribe to the StrategyDriven Insights Library

Sign-up now for your StrategyDriven Insights Library – Total Access subscription for as low as $15 / month (paid annually).

Subscribe Now!

Not sure? Click here to learn more.

 Buy the Article

Don’t need a subscription? Buy access to Business Performance Assessment Program Best Practice 5 – Seek Local Participation for Context for just $2!

Access the Article Now!

Return to the Business Performance Assessment Program Forum

Problem-Solving Success Tip: Measure

/in /by

Measure.

The first key question to answer in starting a problem-solving project is, “How will you know when the problem is solved?” Answer this question in measurable terms before you start trying to solve the problem. As you begin defining your problem, these success metrics help set clear expectations about what will be different when you finish. At the end of the project, the measurements will demonstrate that the difference has been achieved, i.e., the problem has been solved.

To be useful, success measurements must be simple in concept and connected so clearly to the problem that you can remember them easily. As with the description, somebody who doesn’t already know about the problem should be able to read your success criteria and understand them.

The objective in setting success metrics for a problem-solving project is to define the minimum necessary to solve the problem. This is completely opposite to the way we usually set goals. In problem-solving, we want to do everything necessary to solve the problem, but nothing extra.

Once you decide what your success metrics will be, check them with real data. This not only verifies that you really can collect and report the measurements, but also lets you establish baselines. Measure exactly what your performance is before you start analyzing the problem and taking corrective action. The baseline measurements let you confirm that there really is a problem and sanity checks the performance levels you’ve defined as success. You can make corrections if necessary, before you start down a wrong path.

Measure to determine that the problem is solved, but also use measurements throughout the problem-solving process. Measurements can also help you test assumptions, verify root causes, assure tasks are completed properly and report progress.

Bottom line: if you don’t measure, you won’t know for sure. Use measurements to learn and portray the truth – the real truth, not what you wish were true.

Copyright 2009. Jeanne Sawyer.

Article Source:
http://www.bestmanagementarticles.com
http://business-management.bestmanagementarticles.com

About the Author:

Jeanne Sawyer helps her clients solve expensive, chronic problems, such as those that cause operational disruptions and cause customers to take their business elsewhere. These tips are excerpted from her book, When Stuff Happens: A Practical Guide to Solving Problems Permanently. Now also an ebook, find out about it and get more free information on problem solving at her web site: http://www.sawyerpartnership.com/.

StrategyDriven Podcast Special Edition 17 – An Interview with Garry Ridge, co-author of Helping People Win at Work

/in , /by

StrategyDriven Podcasts focus on the tools and techniques executives and managers can use to improve their organization’s alignment and accountability to ultimately achieve superior results. These podcasts elaborate on the best practice and warning flag articles on the StrategyDriven website.

Special Edition 17 – An Interview with Garry Ridge, co-author of Helping People Win at Work explores the Partnering for Performance management system and how it engages employees to assess and improve their performance to unprecedented levels. During our discussion, Garry Ridge, President and CEO of the WD-40 Company and co-author of Helping People Win at Work: A Business Philosophy Called “Don’t Mark My Paper, Help Me Get an A” shares his insights regarding:

  • the importance of building a “tribe member” versus an employer-employee relationship with organization members
  • how the Partnering for Performance system engages tribe members to develop their own performance assessments and take responsibility for their own development
  • benefits of eliminating the manager developed performance assessments, forced rankings, and bell curve performance distributions of traditional performance management systems
  • steps needed to move an organization, particularly its culture, to embrace the Partnering for Performance system
  • quantified improvement in bottom line results achieved after implementing the Partnering for Performance system at the WD-40 Company

Additional Information

In addition to the incredible insights Garry shares in Helping People Win at Work and this special edition podcast are the additional resources accessible from his The Learning Moment website, (www.TheLearningMoment.net). Garry’s book, Helping People Win at Work, published by FT Press can be purchased by clicking here.

Final Request…

The strength of our community grows with the additional insights brought by our expanding member base. Please consider rating us on iTunes by clicking here. Rating the StrategyDriven Podcast and providing your comments online improves our ranking and helps us attract new listeners which, in turn, helps us grow our community.

Thank you again for listening to the StrategyDriven Podcast!

About the Author

Garry Ridge, co-author of Helping People Win at Work, is President and CEO of the WD-40 Company, the San Diego, California based maker of the ever-popular WD-40, as well as the Lava heavy duty hand cleaners, Carpet Fresh, and 2000 Flushes household cleaning products. Garry teaches leadership, talent management, and succession planning at the University of San Diego’s Executive Leadership program and in 2003 was named Director of the Year for Enhancement of Economic Value by the Corporate Directors Forum. A native of Australia, he has served as national Vice President of the Australian Institute and the Australian Automotive Aftermarket Association. To read Garry’s full biography, click here.

Podcast: Play in new window | Download (Duration: 24:20 — 33.5MB)

Subscribe: RSS

Problem-Solving Success Tip: Test Your Assumptions About Everything

/in /by

Test your assumptions about everything.

Assumptions have a way of creeping into all parts of a problem-solving project. They’re often wrong, which can lead to a lot of wasted effort and even cause a problem-solving project to fail entirely. It’s very easy to take a strongly stated assertion as true, especially if it’s the boss who makes it. Remind everyone involved to be skeptical and on the watch for untested assumptions.

Problem definition. Check the facts first to be sure that you and your team understand the problem the same way, and that you have data to confirm that the problem is important. Testing assumptions about the problem definition could include interviewing participants, collecting measurements, creating flow charts of what really happened, etc.

Organizing your project. Don’t assume that the resources you need to solve the problem will automatically be available to you. Solving a messy problem is a project. Treat it that way by developing a project plan, obtaining sponsorship, getting commitment to participate from key players, etc.

Root Cause Analysis. This is a favorite spot for untested assumptions to show up, especially if you use a root cause analysis method based on brainstorming. Once you’ve got a list of possible causes, be sure to collect data, devise tests or do whatever you have to verify which causes are real.

Choosing solutions. Test assumptions about proposed solutions by answering the questions: “How likely is the approach to eliminate a root cause of this problem” and “How practical is this approach (do I have the resources to actually do it and can I achieve the solution in an appropriate amount of time)?”

Testing assumptions throughout the problem-solving process will greatly improve your chances of solving the right problem successfully.

There is nothing so deceptive as an apparent truth.
– Russell Ackoff

copyright 2008. Jeanne Sawyer. All Rights Reserved.

Article Source:
http://www.bestmanagementarticles.com
http://crisis-management.bestmanagementarticles.com

About the Author:

Jeanne Sawyer helps her clients solve expensive, chronic problems, such as those that cause operational disruptions and cause customers to take their business elsewhere. These tips are excerpted from her book, When Stuff Happens: A Practical Guide to Solving Problems Permanently. Now also an ebook, find out about it and get more free information on problem solving at her web site: http://www.sawyerpartnership.com/.

Tools for Professionals – International Currency Exchange

/in /by

When traveling abroad, you’ll likely have some need for the ‘hard’ currency of the country you’re visiting. Below are three tips to consider when acquiring another country’s currency:

Tip 1: Use credit cards whenever possible. These do not incur an exchange fee and so provide the cheapest way to make purchases abroad.

Tip 2: Withdrawal foreign currency using an ATM. Again, this avoids an exchange rate penalty and the ATM fee charged by your local bank is often smaller than the fee charged by currency exchangers.

Note: It is important to accurately estimate the amount of ‘hard’ currency needed so to minimize the number of ATM withdrawals and subsequently ATM use fees incurred. Ask a colleague, friend, or family member living in the country to be visited or familiar with travel there to help you make this estimate. Remember, acquiring too much foreign currency will result in the need to pay a high conversion fee to change the unused foreign money back to your home country’s currency.

Tip 3: When receiving money from a currency exchanger, always check that the money received is the correct denomination and from the correct country. These transactions have a manual component which can result in costly (to you!) errors if the wrong currency is exchanged. For example, receiving Euros instead of British Pounds devalues your transaction (as of this article’s publication a Euro is worth less than a Pound) and may cause you troubles and embarrassment later when trying to spend this money in the United Kingdom.