Podcast: Navigating Business Performance Metrics

Sponsored by Vena

  • Learn how to develop meaningful and actionable key performance indicators.
  • Understand the differences between a KPI, metric, and OKR, a dashboard, scorecard, and performance dashboard.
  • Speakers: Melissa Howatson, CFO, Vena; Craig Schiff, CEO and Lead Analyst, BPM Partners
  • Released: March 19, 2024
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  • Go beyond the podcast and get your detailed questions answered here.

Executive Summary:

When it comes to metrics, less is more, and unpacking the crucial components is key to drive business performance management and strategic business success. Listen for a deep dive into navigating the complexities of business performance metrics and creating synergy between strategy and execution. During this podcast we unpack the crucial components — dashboards, scorecards, KPIs, and metrics — that drive business performance management and strategic business success. We discuss the mismatch between technological progress and the slow evolution of organizational processes and culture in performance management. This conversation is filled with practical advice.

Discussed in the podcast:

  • The challenges of today’s performance management and business metrics.
  • How the Office of Finance can take the lead when it comes to performance culture within the business.
  • Differences between dashboards, scorecards, KPIs, and metrics.
  • Common pitfalls companies face, from static approaches to KPI development to internal political resistance that hinders strategic execution.
  • How to align business strategies with performance measures and foster a productive and enjoyable work culture.