Image of Don’t Let Metrics Undermine Your Business

Don’t Let Metrics Undermine Your Business



Every day, at almost every company, strategy is being hijacked by numbers. Because strategy is abstract, employees often mentally replace it with the hard metrics meant to assess whether the organization is succeeding at it. This tendency is called surrogation, and it destroys a lot of value. Take Wells Fargo. Executives there decided to track cross-sales to customers to measure performance on the bank’s strategy of building long-term customer relationships. The focus on cross-selling goals led employees to open 3.5 million accounts without customer consent, which, with brutal irony, severely damaged the long-term relationships the bank sought.


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Judul Seri
Majalah Harvard Business Review
No. Panggil
-
Penerbit Harvard Business Review : Boston.,
Deskripsi Fisik
-
Bahasa
English
ISBN/ISSN
0017-8012
Klasifikasi
NONE
Tipe Isi
text
Tipe Media
-
Tipe Pembawa
-
Edisi
September - Oktober 2019
Subyek
Info Detil Spesifik
-
Pernyataan Tanggungjawab

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