Tuesday, 28 January 2014

Are you on track to achieve your 2014 Goals?  It's nearly the end of month 1 in Q1 and no doubt you are looking at how January has performed; hopefully with the economy improving and confidence returning to the markets you have already met your January budgets and are now forging ahead into February. For businesses in the South & west, who may have been adversely affected by the floods, or suppliers to those businesses, your forecasts may be showing that your January sales budgets are under pressure.

Whether the figures are good or not so good this is the time to review your progress and take action to capitalise on successes or to put in place action plans to remedy any shortfalls. The earlier that action is taken the better the outcome will be; however, you first of all have to know what caused the over or under achievement and whether it is repeatable or just a glitch over which you have no control. This is when a forward looking monitoring and measuring system will prove itself.

Businesses which are using a forward looking management system that measures the really KEY performance indicators, and I emphasise KEY, and manages them by exception to ensure that they are easily identifiable, thereby optimising the use of management time, will be able to to take quick and decisive action to improve the end result.

Continuous business improvement relies on knowing what is happening in a business, when and why it is happening to allow considered and knowledge based decisions to be taken and actioned.

Qualitin ICG is a unique methodology based on management by exception, concentrating and taking action on those activities which can positively affect your business. http://linkd.in/1axSZYW