Bill Gaw's, Best-in-Class,
Lean Manufacturing e-Bulletin

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 Basic No. 7: Performance Management
By Bill Gaw bg@bbasicsllc.com

Financial numbers may tell us we’re winning the war, but it takes performance management to show us how to focus our energy and efforts to win each of the battles along the way.

Bob Gee, a good friend and prior coworker, once said, "You can’t control what you don’t measure". Imagine trying to fly an airplane across the country and the cockpit had no dashboard, no gauges and no idiot lights. You may get it up off the ground but without performance measurement the chances of getting to where you want to go are slim to none. Business success may not be a life-death situation but like piloting an airplane it takes performance measurement and management to get you to where you want to go.

Performance measurement training can be motivational or de-motivational. The individual goal setting of the 80’s is a good example of de-motivational measurement – it tested one individual or group against the other, and while satisfying some individual egos, it contributed little to company growth and earnings.

Today, the "Cascading Balanced Scorecard" is a performance measurement and management system that helps companies create a winning culture and and achievements beyond expectations. The scorecard uses both internal and external benchmarking and employs a relevant cascading method of performance goal setting. Achievements are documented and celebrated on a "real time" basis and not at the traditional annual review.

For a performance scorecard process to be motivational it must provide timely and accurate data. Simplicity is a key to the validity of measurements and the tractability of problems to their root cause. Data collection design must employ simple and easy to maintain databases to assure data integrity. When people are trained in this process and are permitted to participate in relevant goal setting, performance measurement can motivate teams to higher achievements – including the exceeding of growth and profit expectations.

Five key elements of the performance scorecard training are:

1. Establish a "no status-quo" mind-set – if you’re not winning, you’re losing,

2. Define company "key success factors" – examples: cost, speed and quality,

3. Identify stretch goals that are relevant to the company’s "key success factors",

4. Implement training/coaching programs – education is the pathway to excellence,

5. Celebrate goal achievements and raise the bar - don’t wait until next year.

For a mature performance management process, "benchmarking" has become the standard for establishing performance objectives. Benchmarking is still one of the most ill-defined management concepts and is one of those words that mean different things to different people. Our preferred definition describes benchmarking as: "the continuous process of measuring our products, services and business practices against the toughest competition and those companies recognized as industry leaders".

The objective of benchmarking is to build on the ideas of others to improve future performance. The expectation being that by comparing your processes to best practice – major improvements can be realized. You should not consider carrying out external benchmarking until you have thoroughly analyzed your internal operations and an effective system of internal measurement and performance has been established.

So what kind of results can you expect when a management team introduces the process of the Cascading Balanced Scorecard? First, people will become motivated and focused on the continuous improvement of their company’s strategic objectives. Second, personal and team achievements will become recognized and rewarded – creating an exciting, winning, work environment. Teamwork will improve and key employee retention will rise. Finally, and most important is the company-wide euphoria as "bottom line" results improve and financial pressures no longer create a stressful and defensive work environment.

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A No-Risk Offer for My Followers

-- PERFORMANCE MANAGEMENT --
Best Practice No. 7
A Best-in-Class-Lean Manufacturing,
 e-Training Tutorial
(.ppt and .pdf)

"We must constantly retool ourselves, become
 perpetual students, or we risk becoming obsolete."
                                                              
   Price Pritchett

Objective: Provide cost-effective, self-paced learning for
                    anyone... everyone... anywhere... anytime.

Purpose:  Make available performance measurement 
                    and management knowledge without the high
                    cost of travel expenses, and time away fro
m
                    the job.

Benefits:  A transfer of competitive knowledge to help
                   you and your company: 

*  Streamline measurement  processes 
*  Successfully overcome objections/roadblocks
*  Develop an effective Balanced Scorecard
*  Transform stressful work into fun environments
Exceed goals and expectations. 

What Does It Cost?

Much less than you would imagine. In fact, I've made it  affordable so that it can fit within your personal budget. I want you to have this knowledge and skills transfer and the best way to do that is to make it affordable.


A No-Risk Offer for My Followers

My $97.00 Performance Management, e-Training Tutorial (.ppt and .pdf), for only:

$39.00

That's a 67% discount and hundreds of dollars less than attending a relevant seminar/Webinar. And with my expert commentary and "lessons learned" it's unlike attending a seminar/Webinar... having me coach you personally through the techniques and processes
 

Believe this, I will never consider your purchase binding until you have reviewed your e-Training Tutorial .I know that you, like my other customers, will be thrilled with the content. In fact, I'm so sure it will work for you that if you aren't completely satisfied I'll immediately refund your purchase price. A simply, no-risk offer.

Order by PayPal or credit card: Place your order via our secure order form,  we'll send a copy of your paid invoice and your e-Training Tutorial via Internet download files and you'll have it at your desk within 24 hours. To place your order, simply click on the orange button above the credit card icons. You'll find a credit card link just below the PayPal option. (The order form is encrypted for your security)
 


-- PERFORMANCE MANAGEMENT --
Best Practice No. 7
A Best-in-Class-Lean Manufacturing,
 e-Training Tutorial (.ppt and .pdf) --- $39.00

Knowledge and implementation know-how you'll not find in
the books at Amazon.com, neither in YouTube videos,
nor in Google .ppt/.pdf presentations.
 

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