Topic № 56
Managing by Metrics

What are management metrics?

Management metrics are measurements of the objectives of managers.

Management metrics may also be used to accomplish management goals by measuring, changing and measuring again in a process of innovation or improvement. The following are common types of management metrics.

In manage-by-metrics environments, a manager would pick a small number of the worst employees and try to coach them to be average. When those employees reach average, he'd move on to the next employees while the ones he's just finished with revert to their baseline.

What is the meaning of metrics in business?

A Business Metric is a quantifiable measure that is used to track and assess the status of a specific business process.