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How will we measure success?

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Question added by Ashraf Alsinglawi , Medical Supply Chain Planner , International Committee of the Red Cross
Date Posted: 2013/06/17
Rehan Qureshi
by Rehan Qureshi , Financial Consultant , Self Employeed

People measure success in many different ways and on many different levels.  When setting goals in life, it’s important that we identify what success means to us personally, so that when we succeed we will know it.

For example, most people measure success in business according to their income; however this may not be an accurate assessment.  If your business efforts provide a substantial monetary reward but you don’t enjoy what you do, can this really be called success?

If on the other hand, if we were measuring financial success then income would be an accurate indicator.   Knowing what you expect from your business in advance gives you a way of gauging your progress.

Know what success means to you

For you, being successful in business may include not only enjoying what you do but also creating value for others.  So in addition to being profitable and enjoyable, you also need a way to gauge whether or not you are actually creating value for other people.

When we set goals in any area of our life, we need to determine beforehand what our intended result is and how we will recognize it when we get there.  Establishing ahead of time what success looks like and feels also gives us the opportunity to program our nervous system with the exact feelings that success will bring.  This creates anticipation that, in turn, helps us to take consistent action in the direction of our goals.

You are the one who decides exactly what it means to be successful in any area of your life.  The time to make that decision is during the goal setting process.  Doing so will allow you to identify and celebrate each personal success along the way.

 

 

Mahmoud Ghazal
by Mahmoud Ghazal , Senior Agile Project Manager , Telstra

Any project or a running business should have a set of KPIs that you can measure your success against.
KPIs can be as simple as total revenue or more complex as average basket profit in case of retail business.
Different from goals KPIs should be monitored & controlled regularly, while goals are the end results of your project.

Akbar Bakhshmand
by Akbar Bakhshmand , Production / Business Analysis , Saipa Corp

Mahmoud and Jamal already commented perfect information about strategy and performance management issues which ensure decision makers about the succeed of enterprise.
but as a total factor Market share level is the one which depicts the succeed of a company.

Jamal H. Arif
by Jamal H. Arif , Area Manager , Arabtec Constriction Machinery

According to Strategies , Traget , Goals , Cooperation , Coordination & Leadership personality

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