LEADER’S FIELD GUIDE
The 1957 Chevy Bel Air dashboard displayed five gauges: miles per hour, overall mileage, current gear, fraction of fuel remaining, and coolant temperature (between Low and High). Today’s dashboards boast more than five screens of data! My personal favorite? My exact location on the planet in relation to twenty-four satellites (plus five spares) orbiting Earth. At any place on the surface (with the exception of thick forests and deep valleys), at least three Global Positioning System (GPS) satellites trilaterate* or pinpoint my location.
Though only three satellites are needed, a fourth satellite provides more accuracy. As anyone who has tried to navigate to new location knows, accurate data** are good! What specific information are you using to drive your business? Which Key Performance Indicators (KPIs) are the best predictors of long-term success or critical failure? KPIs are quantifiable outcome-based statements of time-based goals or objectives. Let’s say widget production was down by 15% yesterday. A line manager might be alerted to the fact that necessary parts were delayed due to late payment or essential personnel are disgruntled. I liked Erica Olson’s tips for developing KPIs. She makes a few basic, yet critical recommendations for selecting and tracking KPIs:
- Measure: the description of the gauge should be expressed in raw numbers, progress, or change. Information is used to simply calculate and communicate progress, for example, # of new customers per month, % complete per quarter, and % of increase in sales.
- Target: the numeric value is also associated with a due date or time period. Without very specific goals, individuals and teams lose momentum and dial back contribution. (Example: average Net Promoter Score of 9 by next quarter.)
- Source: the report, system, or input from which the data comes should be consistent and relatively easy to update and query. KPIs alone provide only an account of past accomplishments, it is the response to what is reported that makes an impact.
- Frequency: the rate at which the data is reported. In operations, for example, most KPIs are reviewed on a daily basis to minimize surprises; small issues are remedied before they become significant problems. Some managers look only for exceptions in order to simplify responses. Other KPIs are reviewed on a monthly or quarterly basis.
Start with a simple list of essential KPIs, not exceeding five to seven. Complex indicators only create confusion which ultimately minimizes the value of regular reporting. I remind you, there is no need to build a dashboard equivalent to NASA’s Space Shuttle when indicators similar to Chevy’s Bel Air will do. Performance is enhanced when we lead teams through consistent improvements in response to accurate feedback.
* Trilateration measures distance and is not to be confused with triangulation (which measures angles). The U.S. Military established the Global Positioning System (GPS) in the 1970s.
** Yes, the noun data is plural (like “facts”), the noun datum is singular (like “fact”)– I know, I know, it sounds really weird!
— Join a Synergy Group where we will discuss what the
Bible says about Key Performance Indicators. —
ABOUT THE AUTHOR: Michelle Sugerman (PMP, PCC) is a speaker, author, and leadership coach with Leading Synergies. She hosts global masterminds, called Synergy Groups, for REALLY BUSY Christians leading with powerful confidence and humble hearts. She works with high-performing leaders focused on organizational effectiveness by refining strategy, inspiring teams, and delighting clients. Michelle specializes in the areas of information technology, project management, franchise management, and business as mission. Michelle lives in Colorado where she hikes fourteeners and enjoys gourmet meals with her loving husband of 22 years.
SYNERGY GROUP MEETING
Let us consider how we can stir up one another to love. Let us help one another to do good works. And let us not give up meeting together. Some are in the habit of doing this. Instead, let us encourage one another with words of hope. Let us do this even more as you see Christ’s return approaching. ~Hebrews 10:24, 25
Welcome (~5 Minutes)
At the beginning of each meeting:
- Open in prayer to get focused.
- Welcome new guest(s) to the Synergy Group.
- Provide short introductions (end with guests).
- Share a brief summary of high-points from the Leader’s Field Guide (above).
Leadership Development (~15 Minutes | 00:05)
Be prepared to share from professional experience and ask follow-up questions.
- What Key Performance Indicators (KPIs) are you (or wish you were) using?
- Based on the current KPIs (and even if they aren’t being measured officially), what changes would you make?
Spiritual Growth (~15 Minutes | 00:20)
Apply Biblically-based and Christ-centered principles to your work and responsibilities.
- Read Philippians 2:13: For it is [not your strength, but it is] God who is effectively at work in you, both to will and to work [that is, strengthening, energizing, and creating in you the longing and the ability to fulfill your purpose] for His good pleasure. (AMP)
- What are your thoughts about a “Kingdom-focused” businesses using KPIs?
- If God used KPIs, what would they be?
Report, Praise, Prayer, & Goal (~15 Minutes | 00:35)
Let us know how you did on your goal from last week. Discuss recent successes and current business needs. Share what you are grateful for and request insight, collaboration, or help with accountability. Include a goal for next week based on your discoveries today! Prayer is an important part of seeking him first (Matthew 6:33). Some groups share a list after each meeting; then update one another throughout the week! Pray together now and for each other during the week.
Networking (~5 Minutes | 00:50)
Share announcements and make professional connections. You are invited to connect via LinkedIn and offline, too!
Challenge (At Home)
This upcoming week, strengthen your relationship by reading about, praying with, and listening to God.
- Read Psalm 57:2: I will cry to God Most High, Who accomplishes all things on my behalf [for He completes my purpose in His plan]. (AMP)
- What does God want accomplished on your behalf?
- What is your purpose?
- What is His plan?
- Cry out to God Most High about what is on your heart?
- When God thinks of you, what is on His heart?
Leading Solutions for Leading Business • www.LeadingSynergies.com
Please share the Synergy Group Agenda with Guests and Members.