By Mike Gruley
A cornerstone of the EOS model is using the discipline of measurables and scorecards for leadership and departments to proactively track performance and hold employees accountable. Every company’s scorecards are unique to you and your processes. And, you probably put a lot of work into finding the right set of indicators to track weekly so you can make better decisions.
When done right, your scorecards are a proactive tool, helping you anticipate problems before they actually happen. But are you still using paper, spreadsheets, and emails to organize and share your scorecards? It’s the tried and true process that’s always been done. Can you fully rely on the manual tracking of your data though?
If you wish your scorecards were automated and easier to digest and share, then you’re ready to take them to the next level — enter real-time dashboards with one-click reporting. Keep reading to see how dashboards can further accelerate the growth of your business.
Automate Data Reporting Across the Organization
To update your scorecards today, how many hands does data pass through as you collect, upload, and clean it from multiple sources? How many systems do you have to pull data from? What happens when someone is out sick?
Manual data tracking is time consuming and prone to human error. Can you totally trust the accuracy of your data? Do you have the right data points at the right time to make an informed decision?
One of the biggest advantages of real-time scorecard dashboards is that they’re always “on” – aggregating your data from your activities (sales, production, etc) into actionable insights. At any moment, your department and employee metrics are up to date and visible – without you handling any of it. That’s also a lot of time given back to your team to work on solving problems, instead of worrying about organizing your scorecard data for the next meeting.
Creating Accountability Among Your Teams and Managers
Even if you have measurables in place, some employees can still struggle with why they’re important and how their numbers impact the organization as a whole. Unlike spreadsheets, dashboards transform your data into visual stories that are easier to digest and share. You can better communicate why you’re tracking this data and SHOW how their part impacts the whole.
As Gino Wickman states in Traction, “Transparency helps cut through subjective communication.”
Visibility can make your departmental scorecards “sticky” and create buy-in from employees. At any given moment, they’ll know their target numbers and their current performance.
Dashboards also allow you to set up custom alerts and notifications based on system patterns and trends. An employee can be alerted early if they’re below a set threshold. Color coded “red flagging” creates urgency and helps focus on a trend or exception. It’s much easier to hold everyone accountable for their performance and take proactive measures, if it’s based on real-time data.
Real-time dashboards can take your scorecards to the next level so you can act on them right when you need to!
Building the Business Case for a Dashboard (ROI Estimate)
Think you’re ready for dashboards? Before you invest in any digital project, it’s always helpful to first do an ROI estimate to see if it’s worth your time, money, and effort. To calculate your ROI, follow these easy steps from SPARK to see if you’re ready to transform your scorecards into real-time dashboards.
- Download free EOS Tools™ to help you clarify, simplify, and achieve your vision
- Learn to make decisions faster and better by downloading a copy of our free eBook, Decide!
- Thinking of implementing EOS in your company? Request a free 15-Minute Meeting with EOS Implementer® Mike Gruley to get an overview of EOS and how it can help you!