Excel by Choosing the Right Metrics
Reading time – 2 minutes
Following our article on The Complete Guide to Measuring Innovation, we would like to help you choose the best metrics for your specific needs. We kept it short this time.
Since our goal is to measure everything we do to improve, and since there are many different metrics you can focus on, start by asking yourself two simple questions:
You can always ask more question and get more complicated. Just be sure that the answers are such that will contribute to your decision making and make sure you can establish meaningful targets (and thresholds) for each measure?
Start small and grow
Once you have a list of metrics, start prioritizing them. Remember to include both input and output metrics. We recommend that you’ll set a meeting with the relevant staff and vote on what to keep, looking at your end goal. Keep in mind the following: