#332 Getting Started With KPIs To Measure Anything With Bernie Smith
“When it comes to KPIs don't be intimidated by the size of the task. Doing one thing that you weren't doing in terms of measurement is much better than thinking about a perfect system that you never implement. So get started. Keep it simple.”
According to today’s guest mentor Bernie Smith, who also helps us deconstruct on the #sitn podcast:
• One of the biggest problems with KPIs particularly for well-meaning accountants and finance professionals.
• Why there are only a handful of true KPIs and how to stop the KPI vine weeds from growing so we can find the gold bars.
• Why it is possible to pretty much measure anything particularly when it comes to uncertainty reduction.
• Target setting & incentives, a critique of SMART objectives & a simple control to prevent gaming of the system.
Check out https://sitnshow.com/ for detailed time stamped show notes, transcripts, links to resources and more guest mentor episodes and Monday Memos.
#financementor
#KPIs
Om Podcasten
The #SITN Show (www.sitnshow.com) is a popular accounting & finance podcast listened to in over 150+ countries around the world.
Getting an accounting qualification or finance certification is one of the best things to do to make a difference in our society. It potentially gives us a position from which we can help businesses make better decisions for the good of their customers, suppliers, communities, colleagues and yes owners and other financiers too. We can help increase the opportunity for all. So #SITN was established to leverage the value of mentoring:
1. To elevate the influence, impact, value, and difference we make for our organisations; and
2. To have more fun, rewarding, and meaningful careers in accounting & finance.
In this way we make it more accessible to everyone in our profession, regardless or geography, professional affiliations, status, gender, etc…
The fundamental premise of #SITN is that despite for all the challenges our profession is facing into, the seemingly accelerating rate of change, the new digital technologies and business models, we still have the ability to share with each other practical advice & experiences on what works well and what doesn’t, so that we can all plot better paths forward.
Every Thursday we release a professionally produced podcast with a 30- to 40-minute interview that has been recorded with a guest mentor relevant to the finance & accounting profession. These guest mentors share their real success stories and hard-won lessons which are not found in any textbooks or on LinkedIn profiles. Together with the interviewer they deconstruct their experiences into the key strengths, qualities and practical ‘baby’ steps that others can also follow. On Mondays there is the popular #SITN Monday Memo which is a 5-minute debrief on a topical issue or useful piece of practical advice in accounting & finance.
The show is accessible via: iTunes; Stitcher; Spotify; YouTube; and Soundcloud, with detailed time-stamped show notes, key quotes, resources & ways to connect with guest mentors at www.sitnshow.com.