Smart Business Metrics: Measure What Really Counts and Manage What Makes the Difference (Financial Times Series)

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9780273663966: Smart Business Metrics: Measure What Really Counts and Manage What Makes the Difference (Financial Times Series)
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"There are hundreds of books and articles about performance measurement, but few that really explain how to design robust measurement systems. This is one of the few that does and it does so in a way that is both engaging and actionable" - Andy Neely, Chairman, Centre for Business Performance, Cranfield School of Management "Performance management is a critical concern for service businesses, and it's a difficult nut to crack. Smart Business Metrics shows how to improve performance based on the facts of each individual business, avoiding the trial and error approaches that often pass for expertise" - Camilla Aitchison, Director Management Development, Dixons "A practical approach that brings to light how the right balance of art and science combined with tailored metrics for each organization removes the blindfold of 'me-too' solutions and leads to success in the company" - Kanogkpun Krabuanrat, Director, ACNielsen

Reseña del editor:

A CEO receives a full bonus in a year when the share price fell by 70%. Why? Because the remuneration committee say he has 'met all his operating targets'. Have the right operating targets been set? If you are going to manage by numbers, make sure they are the right ones. Understanding your organization's key performance drivers is crucial to the success of your business. Too often, the wrong operating targets are set, and bad targets can bring bad performance. Smart Business Metrics provides the tools that will enable you to make strategic decisions based on factual analysis. It shows how smart metrics can produce joined-up management to allow all parts of your business to work together to create value for the firm. Smart Business Metrics will: * help you understand your organization's key performance drivers * show you how to set the right targets and measures for your business * enable you to apply quantitative measures to the behaviour of your managers, customers and employees * allow you to make financial and operational decisions * provide you with the tools to enable you to make strategic decisions based on factual analysis.

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