Develop a balanced scorecard with both lagging and leading performance indicators to motivate employees and predict customer perceptions
- Understand the role of lagging indicators such as VOC data, profit, market share
- Augment lagging indicators with leading indicators based on business processes
- Design concise reporting templates for widespread visibility to the right metrics
- Develop recognition programs to reward significant improvements by teams
- Establish balanced metrics (MBOs) for executive incentive programs
- Prevent sub-optimization by avoiding metric sets leading to unintended behaviors
- Predict future lagging indicator levels based on leading indicator performance
- Communicate progress to close the loop with survey participants and relevant external parties
Measurable Results: Compare baseline and ongoing data for follow-through on survey issues; number of improvement programs underway; repeat participation of customers in survey efforts; employee attitudes toward the voice of the customer; executive visibility of improvement efforts; intervention of execution roadblocks; survey ratings improvement.
Contact Marketing Operations Partners today to take your measurement process to the next level.
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