Financial Statement Story – Business | Entrepreneurship | Profit
About This Show
Mick Holly and Andre Gien have discovered the treasure map (and the key) to business success. For an exciting, far less than boring take on how to take your business to the next level, check out Financial Statement Story and write the chapters of your book like your wildest dreams.
Most Recent Episode
Ep #20: How to use Benchmarking for Performance Improvement
Jul 7 14
“The future is already here, it is just unevenly distributed.” -William Gibson
All companies like to know where they are succeeding and most use benchmarks as a methodology to determine the areas of high performance. Typically, organizations believe that benchmarks will provide a magical answer as to what their competition is doing right, that can then be applied to their own business. However in our experience, traditional benchmarks have been found to not be as effective as many believe. So how should they best proceed?
This week, we discuss how to create a benchmark based upon a best-achieved performance of a company and how this ties into the financial statement story. Tune in to hear how you can pinpoint your best-achieved performance, formulate a benchmark based off those resulting best practices, and ensure you are maximizing your potential.
Listen To The Full Interview:
What You'll Learn From This Episode:
How to identify the best-achieved performance of a company.
Why procedure manuals typically do not yield the best possible performance.
The importance of making tacit knowledge explicit.
How to determine the bell curve of productivity.
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