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3rd Annual Managers Conference
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is March 2010 3rd Annual Managers Conference
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Lead and Lag Measures The lag measure is the metric obtained after the event is over- the destination, whereas the Lead measure(s) are things that have to happen or the drivers that help reach the destination Lag Measure: Revenue, money in the door, all receipts for a given month Revenue, money in the door, all receipts for a given month March 2010 3rd Annual Managers Conference
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Benchmarking is the process of measuring an organization's internal processes then identifying, understanding, and adapting outstanding practices from other organizations considered to be best-in-class. Most business processes are common throughout industries. March 2010 3rd Annual Managers Conference
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1.Define : Clearly defined boundaries, input and output 2.Order : Activities that are logical according to their position in time and space 3.Patient: There must be a recipient of the process' outcome, a customer 4.Value-adding : Transformation must add value, either upstream or downstream 5.Anchoring: Must be anchored in an organization’s structure and culture 6.Cross-functionality : Must, when possible, span several functions March 2010 3rd Annual Managers Conference Steps to effective Benchmarking
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March 2010 3rd Annual Managers Conference
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