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Strategies to develop your top talent

Archive for the ‘Metrics and Measurement’ Category

I’ve advocated many times for an “evidence based” approach to management and business.  Too often I come across people who are getting acceptable results but when pressed to explain, they clearly don’t know why it’s working.  When they stop getting results, they don’t know what to change or do different.  That’s why I urge people to test your assumptions, take accurate measurements, keep score, notice what’s working–and what isn’t.   I believe it is crucial to avoid learning the wrong lessons, which happens when we draw conclusions about our successes and failures that are not based on the facts, but on our prejudices, assumptions, or a strong-minded person’s opinion.

brown_bear_by_marshmallow1We also have to guard against mistaking our measurements and our models with the whole picture.  There’s always more than what we can see or measure, and we need to avoid wearing self-made blinders.  It’s in the hidden spaces that wild and chaotic forces lurk.

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How to give an appraisal

Groan…  Yes, we’re going to talk about performance appraisals/annual reviews.

Why do we dislike them so much?  Common reasons:

  • The process feels awkward.
  • It doesn’t yield meaningful information.
  • Bosses don’t do it well.
  • Employees experience great anxiety.
  • It seems so subjective or unfair

How can we do a better job? (more…)

ruler_by_mauiinvermontPardon the somewhat philosophical title for this post.  But I do ask it with some earnestness.  I commented before about how “talent” is climbing up the list of important business issues that executives are paying attention to.  I also noted that CEO’s seem to have great difficulties explaining what they mean by talent.

Here’s why:  they lack data.  Hard measurements and operational data belong to the CFO and the production side of the business.  When it comes to talent, we can’t agree on what we’re talking about because we simply cannot measure it.  The truth is we can, but most people don’t know how. 

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