Lagging Indicators
I'm going to be diving into some more aspects of planning in the coming months - I know, shouldn't I have done this before the end of the year? Well I'm going to us my being completely unprepared for the end of the year to illustrate a great point - it's never too late to start working on planning.
One of the most important aspects of planning is knowing where you've been and this typically comes from some kind of review process. The reason for the review is so that we can plan an accurate course based on where we are now. But that review is also a lot easier said than done. I've sat down for many a review sessions and realized that I don't have a great way to look back. I'll skim through my calendar and wonder what exactly happened over the last few weeks or months and kind of shrug and go... stuff?
And what that means is that we want to look at how we measure our success - so today we're going to be talking about how we set our goals, how we can work on measuring their outcomes and also questioning what actually makes a good measurement.
This Episode’s Top Tips
When we're setting goals we should focus on the small changes we can make that we can keep up for the long term.
When we're think about goals we need see if we're measuring them lagging or leading measures. Lagging measures are the outcomes based on what's happening with our leading measures. The best goals have a mix of the two measurements.
What we choose to measure matters and influence our future actions. Make sure that what you're measuring is incentivizing the outcomes you actually want.
