How to measure management efficiency of a company?
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Three useful indicators for measuring a retail company's efficiency are its inventory ... of a company's overall proficiency at managing its inflows and outflows of cash.
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That entirely depends on what you hope to achieve by acquiring such data.
Measuring what they are doing each day in order to do more of it and get a better result is an awesome idea. At a base level, if the guy in charge of selling can generate twice as many leads today as yesterday, that's a "Good Thing(™)".
The problems start when you start making apples to oranges comparisons with the data.
By their very nature, startups are doing non-repeatable things. If they were systemised and repeatable then it would't be a startup! It'd be a business.
If you're trying to compare the two founders of the same company to see if the engineering guy is adding more or less value than the sales guy, you can't.
If you're trying to compare the engineering guy from startup A to the engineering guy from startup B, you can't.
This is what makes start ups so hard. You can be really left brained and analytical within a given role but you have to be right brained and vision driven about where you're going and how to get there.
Measuring what they are doing each day in order to do more of it and get a better result is an awesome idea. At a base level, if the guy in charge of selling can generate twice as many leads today as yesterday, that's a "Good Thing(™)".
The problems start when you start making apples to oranges comparisons with the data.
By their very nature, startups are doing non-repeatable things. If they were systemised and repeatable then it would't be a startup! It'd be a business.
If you're trying to compare the two founders of the same company to see if the engineering guy is adding more or less value than the sales guy, you can't.
If you're trying to compare the engineering guy from startup A to the engineering guy from startup B, you can't.
This is what makes start ups so hard. You can be really left brained and analytical within a given role but you have to be right brained and vision driven about where you're going and how to get there.
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