When it comes to running a company, the 3 P’s is a simple but highly effective management construct: People, Product, Process. Do I have the right people, with the right skills, in the right positions? Are my products well aligned to meet market demand, and are they packaged and marketed correctly? Do my business processes enable me to scale and fully leverage my assets?
Core to execution is a deep understanding of how the various aspects of your business are performing.
- How is my workforce performing?
- Where are there inefficiencies/opportunities in our processes and workflow?
- Are our products selling and generating the anticipated ROI?
This is where Key Performance Indicators (“KPIs”) come in, as these questions require data. Read the full entry