Our weekly scorecard metrics are almost always green, but our leadership team still feels chaotic and we are missing our quarterly targets. How do we identify the false-positive metrics that are lying to us?
If your scorecard is green but your business is chaotic, your metrics are measuring the wrong things. You are tracking activities that are easy to measure rather than activities that predict success. This is a classic symptom of vanity metrics.
To find the false-positive metrics, look at the correlation between your weekly numbers and your quarterly goals. If you hit your weekly sales activity targets for thirteen weeks but missed your revenue Rock, the activity target is disconnected from reality. You might be tracking total outbound calls when you should be tracking scheduled meetings with qualified decision makers.
Audit your scorecard by asking a simple question for every metric. If this number is green for four weeks straight, does it guarantee we are on track for our quarterly goals? If the answer is no, throw the metric out. Replace it with an activity-based leading indicator that directly influences the outcome.
For example, do not track emails sent by account managers. Track client check-in calls completed. Do not track raw leads generated. Track marketing qualified leads that match your ideal customer profile. Your scorecard must be an early warning system, not a feel-good report. When you align your weekly activities with your desired quarterly outcomes, your scorecard will finally reflect the true health of your business.
Category: Scorecards & Data