Discover why KPIs may be falling flat and not driving any real change in your business. The discussion highlights the importance of taking action based on data, rather than just passively reviewing it. Uncover the pitfalls of tracking meaningless metrics and learn how a skills gap can hinder teams from acting on vital signals. The episode emphasizes focusing on only a few impactful KPIs that align with business goals. Get ready to transform insights into actionable strategies for better financial health!
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volunteer_activism ADVICE
Cull Useless KPIs
Stop reporting KPIs that don't change behavior and drain resources.
Eliminate useless reports and focus on measures that drive action and decisions.
insights INSIGHT
Measurement Must Change Behavior
Metrics only matter if they change behavior and lead to outcomes.
Measuring irrelevant things (like room temperature) wastes time without impact.
insights INSIGHT
Skills Gap Blocks KPI Action
Lack of skills and capabilities prevents teams from acting on KPIs.
Junior staff need explicit playbooks while seniors can translate KPIs into fixes.
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Most companies track KPIs. Very few actually change behavior because of them.
In this episode, Steve explains when KPIs stop helping, and why staring at dashboards doesn’t fix margin, profit, or cash flow. If your numbers keep sliding but nothing changes, this episode will show you what’s missing and how to make KPIs actually matter.
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Strategy Meets Finance