This video shows the importance of using executive dashboards, infographics, and other data visualization tools.
- In the old days how did managers…receive performance measurement data?…Often, managers would get a weekly or monthly…report on paper, in a booklet or binder.…The numbers were all there,…but it took a ton of work to look through them.…From there we moved to spreadsheets.…If you were really lucky, you'd get access to a database.…Finding important numbers,…required to make important decisions,…was difficult and time consuming.…
Now a days, though, organizations…utilize executive dashboards.…As the name would imply, these are supposed to be…the equivalent of a car dashboard for your company.…They're intended to provide important, bare bones…information about the parts of the organization…for which you are responsible.…Unlike the paper reports,…information has been curated for us.…It's right there in front of us on our computer screens.…And unlike the paper reports, the data available to us…is often in real time.…
Also, unlike the spreadsheets and databases,…you don't have to manipulate the data to find answers.…The dashboard is generating numbers we need.…
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- Explain why metrics are necessary in business settings.
- Define KPIs.
- Identify the issue of attempting to reach 100% in a given metric.
- Summarize the limitations of metrics.
- Recall the three steps for making a metric understandable for employees.
- Describe the characteristics of an effective metric.
- Compare and contrast the costs and benefits of measuring too many versus too few metrics.
Skill Level Intermediate
Business Analysis Foundations: Fundamentals (2014)with Haydn Thomas2h 13m Intermediate
Balanced Scorecard and Key Performance Indicatorswith Jim Stice1h 17m Intermediate
1. How and Why We Measure
2. Errors and Challenges in Measuring
3. Developing a Good Metric
4. A System of Metrics
5. Performance Measurement Tune-Up
6. Above and Beyond
Next steps1m 57s
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