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What is management by objectives, or MBO? What is the MBO process? The MBO process lets you decide goals in advance, and then manage based on achieving those goals. The process ensures you meet milestones. Read more about the MBO process and how you can use it.
What is a black swan event? Are black swan events truly unpredictable or just highly improbable? A black swan event is an extremely rare and unpredictable event or occurrence that has major negative consequences. The concept is based on the idea that someone who has only ever seen white swans would naturally assume that all swans are white and would therefore be completely unable to predict the existence of a black swan. Keep reading to learn about the concept of a black swan event.
What is the species-area relationship? How is it expressed in mathematics? The species-area relationship is the relationship between the area of the species habitat and the number of animal species that inhabit it. In 2004, scientists used the concept, which is expressed mathematically as a curve, to calculate the species extinction risk at different levels of global warming. Keep reading to learn about the species-area relationship.
What does build to forecast mean? How does it help with productivity? Build to forecast is one productivity strategy where manufacturers predict how many items they’re going to need, and build enough to satisfy demand. This is usually a reliable productivity strategy. Keep reading to find how how to build to forecast.
Do you need to determine your 4DX lead measures? How can your measures support your wildly important goals? Once you have goals, you need measures to achieve progress on those goals. The 4DX lead measures are the key indicators of progress. They can be developed using a four-step process. Keep reading for the four-step process for developing 4DX lead measures.
What is the 4DX scoreboard and why is it important? How can you use a scoreboard to motivate your team? The 4DX scoreboard is used in Discipline 3 for engagement. By giving everyone a visual stake in success, they are more likely to be dedicated to achieving it. Read on for more about the 4DX scoreboard.
Have you set goals and measures but aren’t sure if they work? Do you need methods for testing goals? Testing goals is a critical part of ensuring that you have the right goals and measures. Your goals need lead measures that are predictable and influenceable to work. Read on to learn about testing goals and measures by evaluating sample lead measures.
What are lead and lag measures? How do they fit into the 4DX system? Lead and lag measures come from 4DX Discipline 2, which is leverage. These measures help you progress on the big target or your wildly important goals. Keep reading for more about lead and lag measures.
Do you need examples of 4DX lead measures? What should you track and why? For 4DX lead measures, examples focus on the example of a bottling plant. There are two types of lead measures for these examples to help you understand how they work. Read on for the 4DX lead measures examples and types.
Are you a leader trying to choose what to commit to for your goals and lead measures? Is there a strategy for choosing 4DX commitments? In 4DX, commitments come after you’ve set WIGs and lead measures. The commitments you select will help achieve the lead measures. Keep reading for how to choose 4DX commitments to support success on your WIGs.