how-to-create-metrics-for-strategic-objectives

how-to-create-metrics-for-strategic-objectives - Pacific...

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Pacific Crest Group Back Office Solutions for Bay Area Businesses How to Create Strategic Planning To Drive Strategy In the last two blog posts , we have been talking about strategic objectives (SOs) as a means to drive business performance. One of the oldest and consistently true axioms in business is that you can’t manage what you don’t measure. So the challenge when setting strategic objectives is identifying metrics that are meaningful and useful. One of the primary reasons that the strategic planning process fails is because the plan is written and then set aside to gather dust. Once the plan is created, it needs to be communicated to the parties involved in its success. Provide metrics that align with the expectations for the plan’s outcome. Creating Strategic Metrics The most powerful motive for creating strategic metrics is to improve the focus of your team. Measurement must be continuous, so a well-run organization needs to generate monthly financials and track metrics for SOs on a regular basis. The ongoing measurement and regular reporting
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