How do you measure success? Do you employ any of the following?
- 360-degree review
- Opinions of experts
- Crowd sourced
- Specific metric
- Correlation to market average
- Progress against strategic plan
- Leader board
- Ability to achieve organizational values
- Arriving at the selected destination
A Harvard Business Review article by Michael J. Mauboussin outlined specific business success theories. Inc. Magazine published an article titled “7 Ways to Measure True Success.” And, Influencive provided a synopsis of “11 Ways to Think About Measuring a Company’s Success.” Among the options, there appears to be no one universal measurement. So why not customize your own? Build a success equation. If we are going to create and nurture our organizations’ purpose, vision, mission, and values then perhaps we should invest in creating our own success formula.