Measurement of Success - Rymatech - PMV Blog
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Measurement of Success

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Everyone reports to "The Man." I love this term for all the reasons it is wrong and right. It makes me laugh. Anyway, to make "The Man" happy, show him value. Marcus at "From start to end" provided a brief summary of his latest training session here. What I like about this is the simplicity of being able to measure your contribution to the organizations success.

  • Cash - Money and near-money equivalents used to fund a company's operations
  • Margin - The amount of money left over after paying off expenses (for a product)
  • Growth - The rate at which a company's business expands
  • Velocity - The rate at which a company's assets can be used to make money. For example, inventory turnover is a measure of velocity in some industries
  • Customer - Consumers or potential consumers of your products and services

Makes it very simple.

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