For a team to be effective and successful, it is essential for all team members to be aligned and work towards a common goal. One way to ensure this alignment is to use global KPIs (key performance indicators) to measure and track progress.
Here are some steps we have followed in Horizons:
Define the team's goals and objectives (Internal and External KPI)
The first step in creating a perfect team alignment is to clearly define the team’s goals and objectives. This will help all team members understand what they are working towards and how their individual roles and responsibilities contribute to the team’s overall success.
We are using two main types of KPI: external and internal.
We recommend using no more than 6 global KPIs, 4 is ideal.
Identify the global KPI
Once the team’s goals and objectives have been defined, the next step is to identify the global KPI that will be used to measure and track progress. These KPI should be specific, measurable, achievable, relevant, and time-bound (SMART).
Communicate the global KPI to the team
It is important to communicate the global KPI to the entire team so that everyone is aware of what is expected of them and how their performance will be measured.
Set up a system for tracking and reporting
To ensure that the team is making progress towards its goals, it is important to have a system in place for tracking and reporting on the global KPI.
Celebrate successes and address challenges
When the team reaches its global KPI, it is important to celebrate these successes and recognize the contributions of all team members. It is also important to address any challenges or obstacles that may arise and work together to find solutions.
By following these steps, teams can create a perfect alignment with global KPI and work together effectively towards their goals. This can lead to increased productivity, improved team morale, and, better business results.