Data Driven decisions means cutting through all the feelings, personalities, opinions and egos, boiling your organization down to a handful of objective numbers, and giving you an absolute pulse on your business.
In fast moving, entrepreneurial organizations, decisions are often made based upon “subjectives” – agendas, opinions, the loudest voice, the squeakiest wheel, or the most recent customer feedback. But good decision-making requires an accurate perspective on the business, and subjectives can lead to decisions that take a business down the wrong path.
The way to avoid that is to cut through all the subjectives with real, hard data so the leadership team is managing by fact, not emotion. Nothing gives a leadership team a better pulse on what is REALLY happening in the business than a great scorecard, comprised of the critical measures that tells you exactly where you are.
In EOS, the Weekly Scorecard is a rolling thirteen-week view of the 5-15 most important measures from across the business. This allows businesses to know exactly where they stand so they make business based upon reality not opinion. A good scorecard also allows the team to identify issues while they are still minor trends, not major train wrecks. And that saves tremendous time and energy.
Staying focused on a few big picture numbers ensures you are always ready when the time comes for big picture decisions.
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