Measuring Business Performance
37mIntermediate2021-05-12
Authors

Eddie Davila
Associate Chair for the ASU Supply Chain Management program
Course details
All companies are looking for that perfect metric, the one data point that will tell them everything they need to be successful. Measuring errors abound, but developing better metrics can be difficult. In this course, ASU instructor Eddie Davila walks you through how to create metrics that work well for your company. Eddie explains why it is important to measure performance and what some of the most common errors are in measuring your own company’s performance. He goes over what makes a good metric, how to evaluate your current measurement system to see if it aligns with your organization goals and how you can develop and test a system of measurement from scratch. Eddie also covers the importance of data visualization tools, such as dashboards and infographics.
Skills covered
Business AnalysisProject ManagementBusiness Analysis and StrategyDeep Dive (X:Y)
Concepts
Introduction
- Measuring business performance
Basics of Measuring Business Performance
- Why companies measure
- Performance measurement terminology
- What should my company measure
Developing a Metric
- Characteristic of a good metric
- Additional considerations in developing good metrics
- The four types of data analytics
Systems of Metrics
- Three categories of performance measurement
- Measuring performance with a map
- Evaluating a system of metrics
Performance Measurement Tools
- Using scorecards to measure and manage performance
- Dashboard and data considerations when measuring business performance
Conclusion
- Next steps