Episode 351: How To Get The Most From Your Team

By Adam Stott | May 2, 2024 |

Performance management plays a vital role in driving growth and scaling operations. It involves setting clear goals, tracking progress, and holding individuals accountable for their performance. However, many business owners struggle with implementing effective performance management strategies and identifying the key performance indicators (KPIs) that align with their strategic goals.

In this edition of #AskAdam, Adam discusses performance-based management and how to improve performance in a business. He emphasizes the importance of setting clear goals and creating a budget to achieve those goals. Adam explains the process of setting Key Performance Indicators (KPIs) and how they should align with the goals of the business.

Show Highlights:

  • Setting clear goals and creating a budget are essential for effective performance management in a business.
  • Key Performance Indicators (KPIs) should be set based on the budget and aligned with the strategic goals of the business.
  • A meeting and reporting structure is important for fostering open communication and accountability within the organization.
  • Leadership skills are crucial for building a successful business and maintaining a motivated and high-performing team.
  • Performance management does not require being harsh or demanding; it is about creating a culture of communication and accountability.

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Transcript:

Please note this is a verbatim transcription from the original audio and therefore may include some minor grammatical errors.

Adam Stott:

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