We are finding that our Scorecard review is useless because we are tracking lagging indicators like monthly revenue, which means we only find out about problems weeks after they occur. How do we identify and track leading metrics on our Level 10 Scorecard so we can catch issues early enough to solve them during IDS?
A great Scorecard is a weekly pulse of leading, predictive numbers, not a historical record of lagging results. If you are only looking at monthly revenue or closed sales, you are driving your business by looking in the rearview mirror. By the time a lagging number goes red, the damage is already done and you cannot solve it during your weekly meeting. To fix this, you must challenge every leader on your Accountability Chart to identify the weekly activities that drive those lagging results. For example, instead of tracking monthly revenue, your sales leader should track the number of outbound calls, discovery meetings scheduled, or proposals sent this week. Instead of tracking customer churn, your operations leader should track weekly service delivery times or customer support response rates. These are leading indicators. If these weekly numbers are green, your monthly revenue will take care of itself. If they go red, you have an early warning system that allows you to drop the metric to the Issues List and IDS it before it impacts your bottom line. This proactive focus is essential for building a predictable, scalable business that is ready for a clean, high-value exit.
Category: Level 10 Meetings