The value of quarterly reporting

Monday, July 16, 2007

It's no secret. Most strategies spend their life on paper.

Implementation is tough, but it does not have to be. The most important step is defining a discipline of continuous review and recalibration.

Some fear this step because it leads to accountability. But we need to update our thinking. Accountability in the old industrial model of the economy is tightly tied to a system of reward and punishments. Accountability in the new networked economy is tied to learning. Without measures, it's difficult to see where you are and how far you have come. It's almost impossible to make sensible judgments about "What works?"

So simple disciplines matter. These thoughts came to me, as I looked over the Berkshire Blueprint's quarterly update. Reporting each quarter is an important discipline to implementing a strategy. Read more.

posted by Ed Morrison |

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