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  • Other Added - How To Improve Management Wins for Winning Business Teams Part 8: Secure Measurable Results

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    >Imagine for a moment the cost of airline tickets if pilots could just begin to fly and not plan the best route? And, how many airplane collisions would potentially happen without written and filed flight plans? Some executives in
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    Results and accountability are two big buzz words in today's global market place. What results are you achieving? Who is accountable for achieving those business results? Are two of the more frequently asked questions from the boardroom to the loading dock to the classroom.

    Since organizations are in business to make money through various sources of revenue, one would think that management would have a business strategy in place to ensure results are consistently being managed and achieved. Yet, during the last 5 years, what I have learned is that many businesses from small business owners to mid size firms with revenues exceeding $20 million do not have an executable strategic plan. These businesses operate by the seat of the pants philosophy or what I affectionately call spray and pray. (Spray it on the wall or within the organization and hope it sticks or delivers results.)

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    from the boardroom to the loading dock to the classroom.

    Since organizations are in business to make money through various sources of revenue, one would think that management would have a business strategy in place to ensure results are consistently being managed and achieved. Yet, during the last 5 years, what I have learned is that many businesses from small business owners to mid size firms with revenues exceeding $20 million do not have an executable strategic plan. These businesses operate by the seat of the pants philosophy or what I affectionately call spray and pray. (Spray it on the wall or within the organization and hope it sticks or delivers results.)

    Imagine for a moment the cost of airline tickets if pilots could just begin to fly and not plan the best route? And, how many airplane collisions would potentially happen without written and filed flight plans? Some executives in

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    results are consistently being managed and achieved. Yet, during the last 5 years, what I have learned is that many businesses from small business owners to mid size firms with revenues exceeding $20 million do not have an executable strategic plan. These businesses operate by the seat of the pants philosophy or what I affectionately call spray and pray. (Spray it on the wall or within the organization and hope it sticks or delivers results.)

    Imagine for a moment the cost of airline tickets if pilots could just begin to fly and not plan the best route? And, how many airplane collisions would potentially happen without written and filed flight plans? Some executives in

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    able strategic plan. These businesses operate by the seat of the pants philosophy or what I affectionately call spray and pray. (Spray it on the wall or within the organization and hope it sticks or delivers results.)

    Imagine for a moment the cost of airline tickets if pilots could just begin to fly and not plan the best route? And, how many airplane collisions would potentially happen without written and filed flight plans? Some executives in

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    >Imagine for a moment the cost of airline tickets if pilots could just begin to fly and not plan the best route? And, how many airplane collisions would potentially happen without written and filed flight plans? Some executives in management spend more time planning their vacations than they do they lives or their businesses.

    Measurable results begin with an executable and written strategic plan outlining and delegating who does what by when. Through written goals that embrace the W.H.Y. S.M.A.R.T. goal criteria, measurement and therefore accountability are integrated throughout the business culture.

    Some key areas to measure are:

    • Weekly and monthly department goals of sales, units sold, etc.
    • Number of new clients
    • Average sale’s cost
    • Number of referrals leading to new clients
    • Cost to acquire a client
    • Cost to keep a client
    • Sales to close ration
    • Employees’ attendance and productivity

    Each company should construct their own dashboard of key indicators that need to be watched on a daily, weekly and monthly basis. A business das

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