Business Tag: success


What Are 10 Leading Indicators for Measuring Organizational Success?

Many metrics exist to focus an organization on important organizational objectives and drive the company forward. Key organizational metrics are more controversial. Many organizations will focus on revenue, profit, and growth as “Key” measures of success. Yet, all three are lagging indicators for measuring organizational success (what has happened) and will not tell you the whole story about your organizations prospects. Continue reading…

How Can You Make Employee Training a Success?

We received an inquiry recently on our process implementation page, where we ask: ‘How do you train and communicate with your team?’ A reader from a large school district wrote in saying that their district is in the midst of many changes. The district faces many communications and training challenges, especially when introducing new information technology for employees. The reader went on to ask, ‘How do large companies communicate and prepare training for organizational change or implementation?’ How can you make sure employee training is successful and practical? Continue reading…

How to Gain Success with Leadership in Teams

Does your company express leadership in teams? Make sure the design of your measurement system is made for team success. Being a leader means getting things done through others, which implies a team of some kind. The most critical ingredient to leading teams is trust and trust starts with you. The transformation starts at the personal level. When mutual trust exists, people feel motivated to help and support one another. This, in turn, creates a high-trust environment, which is the key to creating high performance work teams. Continue reading…

Why Is an Effective Internal Control System Crucial for Success?

According to the Institute of Internal Auditors (IIA), an effective internal control system helps ensure that our organizational processes are functioning properly, that our financial information is reliable, and that we’re in compliance with applicable regulations. Businesses primarily implement an internal control system to protect themselves from internal fraud and abuse, while many do so with regulatory or standards compliance in mind. Continue reading…

How to Use Financial Strategies for Business Success

We had been told repeatedly that there were two things at the heart of the financial crises. The sub-prime home lending fiasco (with the bad loans then bundled into investment securities) and the credit default swaps that had organizations falling like dominoes once bad mortgage loans started taking some institutions down. How can you make sure your company succeeds? One way is using financial strategies for business success. Continue reading…