In Align Strategy with Process and Measurement Camp of Ascend Your Start-Up, Helen Yu discusses implementing methods that match strategy to
execution and creating metrics to gauge success. For the organization to succeed, it's important
that priorities are aligned and cross-functional accountability is established.
Decision #17: How will you apply your strengths to your
weaknesses to find your superpower?
Yu recommends finding ways to use an organization’s strengths
to overcome weaknesses.
Gauging your
organization’s attributes and finding a unique strength is critical to
establishing a competitive advantage.
A
good start is considering categories like your organization’s offering, sales,
engineering, business vertical, brand, customer, vision, service, and
leadership.
According to Yu, finding and
leveraging that unique strength is a “measurable process” that leads to important
“engagements with customers and partners.”
Decision #18: How will you fill the process disconnect?
According to Yu, a “data-driven decision-making process” is
crucial to driving growth. The first
step towards establishing accountability is creating internal, cross-team cooperation
with well-defined processes.
Decision #19: How will you fill the measurement
disconnect?
Yu suggests several metrics to assess how well the organization
is functioning. Metrics and indicators extracted
from financials, sales, marketing, customer success, services, training,
support, product, and human resources can be used as a barometer for how congruent
strategy is to execution.
To better orient strategy to execution, Yu offers
considering compensation and employee incentives.
For example, ensure that compensation and
incentives are rewarding the proper behavior.
Yu also suggests considering metrics like net promoter score (NPS), customer
satisfaction scores (CSAT), and customer offerings such as through the service level
agreement (SLA) as a litmus test for customer fulfilment.
While this data is helpful, it’s important
that it’s distilled and shared across the organization to meaningfully direct
strategy and execution.
Decision #20: How will you measure the company as a customer-centric
company?
For Yu, the first step towards understanding an organization’s
commitment to customers is having a foundational, underlying comprehension of your
customer. This includes tangible aspects
of the whys, whats, and hows of the customer’s integration of your solution and
prospective chances like “upsell and cross-sell opportunities.” It’s also
important to have an understanding of the customer’s internal and external environment
including a knowledge of the customer’s strengths and weaknesses, and potential
threats and opportunities.
Measuring customer-centricity also extends to the internal
employee experience. According to Yu, it’s
pivotal to acknowledge and understand high- and low-level relationships between
your organization and your customer’s organization. It’s also important to understand how your
organization’s employees feel about their role.
Yu notes that imbuing employees with a sense of “[empowerment]” and “[trust]”
is crucial to creating a positive customer experience.
Decision #21: What does your summit look like now?
While start-ups face many challenges, for Yu, the “need to
prioritize and accomplish operational must-dos with fewer resources and a
limited budget” is the most difficult hurdle to overcome. However, to be successful, it’s important to be
able to reassess and reevaluate, acclimatize and adapt, as your organization faces
internal or external change.