Measuring Effectiveness
Is Measuring Effectiv based upon Fact or Opinion?
The ability to measure how effective a person or organization is seems to have gotten lost. Because it's not as defined as ratios (P/E, Working Capital) so trying to use a number or average won't necessarily give you a true indication. It's not simple enough to say that an organization or person has achieved a certain goal or milestone, you have to also as if this was achieved in the time it should have taken or if it has taken longer than it should have.
Years ago I was sitting in a speech given by a Corporate Executive about how to succeed in the workplace and he gave the advice "Don't ever confuse effort with results". That has stuck with me ever since then and it goes to the point that being busy, looking busy, and trying does not mean you are effective. Often times we get impressed with people or organizations that have a lot to say, are busy doing and whole lot yet we have no evidence of their actual "net worth".
I think it is worthwhile to stop and pulse yourself and ask the question "Am I being effective, are we being effective". I guarantee you it will help you identify the gaps, if any.
The ability to measure how effective a person or organization is seems to have gotten lost. Because it's not as defined as ratios (P/E, Working Capital) so trying to use a number or average won't necessarily give you a true indication. It's not simple enough to say that an organization or person has achieved a certain goal or milestone, you have to also as if this was achieved in the time it should have taken or if it has taken longer than it should have.
Years ago I was sitting in a speech given by a Corporate Executive about how to succeed in the workplace and he gave the advice "Don't ever confuse effort with results". That has stuck with me ever since then and it goes to the point that being busy, looking busy, and trying does not mean you are effective. Often times we get impressed with people or organizations that have a lot to say, are busy doing and whole lot yet we have no evidence of their actual "net worth".
I think it is worthwhile to stop and pulse yourself and ask the question "Am I being effective, are we being effective". I guarantee you it will help you identify the gaps, if any.


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