Tuesday, January 18, 2011

Entrepreneurship in metrics

Why use metrics in entrepreneurship training?
  1. Corporate and business objectives are mainly stated in figures and metrics
  2. Metrics are more precise when you want to establish your performance objectives and efficiency standards
  3. Metrics are easily linked and integrated with each other- strategic mapping
  4. Component analysis enable cause effect relationship
  5. Precise compensation is possible through improvement gains recorded quantitatively.
  6. Strategies could be defined through metrics.
  7. Metrics are cascadable.....(new word)
  8. Performance could be evaluated through metrics
  9. Performance improvement could be designed through metrics
  10. Achieve kaizan through improvement in metrics
  11. Metrics provide focus and attention on certain key areas
  12. Metrics shows efficiency and effectiveness.
  13. Metrics enable benchmarking which enables identifying best practices.
In real business situations, effective management is always in metrics.
copyright: Arriffin Mansor 012-2786282

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