Management requires measuring effectiveness and efficiency. To measure efficiency, we need some metrics. Metrics are used to demonstrate if an initiative is succeeding or failing. Metrics are also used to measure how one person is performing against another. Metrics make comparisons data driven and objective. The first challenge is finding the right set of metrics. …
Category: Management
Profit, Efficiency and Sustained Business
All the countries of the world are struggling due to Covid-19. The disease has exposed the weak points of nations. Super power and developed economies have failed to make basic things like masks and ventilators at scale. This has become a key discussion point. This inability has been attributed to the way companies operate. In…