What types of metrics should support a strategic plan’s implementation? During a large organization’s visioning initiative, the chief executive demanded a new monitoring approach with stronger and sharper metrics to link implementation to results and allocate future resources. Selecting the best approach was easy for us. Brainzooming always recommends customizing whole-brain metrics to tightly integrate a strategic plan’s implementation, impact, and returns.
What are whole-brain metrics? How can you introduce them to create the greatest advantage as you develop your organization or unit strategy?
We envisioned whole-brain metrics years ago as the way to easily transition strategic planning into a dashboard that guides implementation. Whole-brain metrics incorporate two dimensions:
Combining the quantitative and qualitative indicators across the three types of performance metrics leads to a dashboard with whole-brain metrics to guide developing and implementing a plan.
In the client example above, Brainzooming facilitated the organization’s overall strategic vision and strategy. We created their initiative plans from online collaboration and survey input (which was very efficient and kept people out of extended strategy meetings). We also incorporated strategy work from a pre-existing internal team where metrics were hardly mentioned.
We developed the metrics dashboard by asking the following questions for each initiative:
Creating the metrics dashboard from answers to these questions was straightforward. Since this concept is rooted in strong integration with a strategic plan, the metrics practically jump off the plan's pages.
Another implementation advantage to this approach? Limiting your organization to the typical strategic plan metrics (revenue, profit, operational performance, net promoter score) can mean that it will take months to learn the full story on strategy implementation. In contrast, whole-brain metrics develop from the earliest stages of implementation; this provides the opportunity to focus on managing the strategy for success as implementation begins.
Want to learn more? Message me. I’d be happy to answer questions via email or chat live about how you can think about applying this metrics approach in your organization. – Mike Brown