Monday, December 31, 2007

Step One

Taking the past, present, and future trends in your company’s industry draft a five-year strategic plan. Cascade this plan into functional objectives, team objectives, and individual objectives with clear metrics. Measure individual progress against these metrics using ratings by the people who are actually impacted by the performance (not just the employee’s boss). Provide team leaders, functional leaders, and executives with ongoing status reports that show performance rolling up into the team, functional, and strategic plans so that leaders can manage by exception in real-time.

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