So you have been practicing 100meter sprint for some time now, in preparation for the big time. But how do you fare against other competitors? You won't unless you put someone next to you on the starting line.
Have you implemented Key Performance Indicators (KPIs) for your organization? KPI can be considered as a big chunk of the Six Sigma Measure phase, as well as forming the boundary conditions for the Control phase.
Realistic, purposeful KPIs will tell you the following critical health parameters of your business
- Efficiency
- Quality
- Customer Satisfaction
Data collected for KPI will also enable management to benchmark own performance against competitors and industry standard.
So think competitive; set goals against others and measure KPI honestly.