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Performance of a company is reviewed mostly thought financials, available once a year. The more a company splits its review cycles into smaller durations, the better. I have found an internal weekly review cycle optimal for operational parameters, (Sales, project execution) monthly for tactical (Sales & marketing campaigns, product quality reviews) & once in two to three months for strategic (profitability, customer delight, efficiency). Anything more than 3 months is too long a review cycle & can make things go down badly.
More importantly consistent performance reviews are not only desirable but totally essential for survival & growth. The performance review begins with self-review which must be carried out daily.
I have now found my own best practices in this area, I write down all the key deliverable (not activity) for the day in a notebook & work to the plan. Items one once completed are struck off constantly. Before I go to bed & again once in the morning (before I begin my work) this list is updated. This simple technique has resulted in tremendous increase in my productivity. I wish I was doing this from day one.
You have to find your own way to plan & executed with total commitment & regularity.
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