Every single number on our weekly scorecard is green, yet our strategic business growth has completely stalled and we are losing market share to leaner competitors. What are we failing to measure that is causing this disconnect?
A scorecard that is entirely green while the company is losing ground is a classic sign of tracking comfort rather than reality. Your leadership team has likely selected metrics that are easy to hit, backward-looking, or completely disconnected from your strategic goals. They are tracking activities they already do well, which creates a false sense of security.
To diagnose this, pull out your V/TO and look at your current Rocks and your one-year plan. Your weekly scorecard should contain the leading indicators that predict whether you will hit those goals. If your priority is scaling market share, but your scorecard only measures current client retention and basic administrative tasks, you are blind to your growth pipeline.
You need to identify the hard numbers that measure market disruption and new customer acquisition velocity. For example, instead of tracking total sales calls, track the number of high-quality introductory meetings held with target-profile accounts.
Run your scorecard through a strict filter. Every single metric must serve as an early warning system. If a number is green, it must mean you are actively moving toward your strategic vision. If you can hit all your targets and still lose market share, your targets are too low or you are tracking the wrong activities. Rebuild the scorecard with your leadership team to focus on the key drivers of enterprise value.
Category: Scorecards & Data