Have you ever wondered why some enterprises double their profits every year as they scale and grow and others seem to make marginal improvements at best?
Scale and profitability depends on a) constant improvement, which requires benchmarking, and b) constant innovation (whether evolutionary or revolutionary innovation is required depends on the competitive environment).
The answer to determine how well a business is performing is benchmarking either against oneself, competitors/substitutes, and/or industry averages.
Not sure whether your organization is performing and creating long-term wealth? Take the Star Performer Checklist Questionnaire (click on the link on the right hand side of the page and then answer the 20 brief questions).
The Star Performer Checklist will give you an indication of how to assess your internal team and capabilities. Also, be sure to checkout the metrics on the last page as these measurements should be measured on a regular basis to determine whether progress is being made in the business. Star Performer organization’s have greater revenue and profits per employee, regularly achieve corporate targets, have higher employee retention and referral rates, and are generally recognized by their peers and community.
I hope that you find the checklist informative and helpful. Let us know if you want to get together and put together a formal work plan to shore up any deficient or opportunity areas.
Comments