Prometheus Process Practical Strategic Measurement venturist incorporated Strategy

Prometheus Process Practical Strategic Measurement venturist® incorporated Strategy For The 21 st Century

Your Future Picture? - Desirable • Will You Be Satisfied If You Achieve It? Black and White Cartoon Wizard of ID Showing 100% Surrender ® venturist incorporated Copyright Venturist®, Inc. 2001 -2006 – All Rights Reserved Strategy For The 21 st Century

The Strategic Measurement Plan • Organizations Must Implement A Strategic Measurement Plan That Accomplishes The Following: – Defines Strategic Measurements For Each Key Descriptor In The Future Picture – Assign Responsibility For And Frequency of Measurement – Campaigns Have Implemented Strategic COG Measurement Plans – Defines Exit Assessment Milestones Where The Overall Strategy Is Assessed For Mistakes, Resource Allocations, Strategic Changes ® venturist incorporated Copyright Venturist®, Inc. 2001 -2006 – All Rights Reserved Strategy For The 21 st Century

Strategic Measurement Is Hard Work • Measures Have To Be Meaningful – Measures Need To Indicate Strategic Success • Measures Need To Be Straight Forward And Unambiguous – What Is Being Measured ? ? And What Does A Measurement Look Like ? ? • Measurement Data Needs To Be Collected, Analyzed, and Tracked – An Individual Must Be Responsible For Each Measurement ® venturist incorporated Copyright Venturist®, Inc. 2001 -2006 – All Rights Reserved Strategy For The 21 st Century

Measures Have To Be Meaningful • For Each Measurement Ask The Following Question: – Will Achievement Of The Strategic Success Value Of The Measurement Indicate Complete or Partial Strategic Success? Black and White Cartoon Wizard of ID Showing 100% Surrender ® venturist incorporated % Of Enemy Army Surrendering (100%) Copyright Venturist®, Inc. 2001 -2006 – All Rights Reserved Strategy For The 21 st Century

Measures Need To Be Straight Forward And Unambiguous • Simple Measurement Formula – Unit of Measurement – Measurement Description – Strategic Success Value • Example: – Number of New Instructor Positions (20) Unit of Measurement - Number Strategic Success Value - 20 Measurement Description – New Instructor Positions ® venturist incorporated Copyright Venturist®, Inc. 2001 -2006 – All Rights Reserved Strategy For The 21 st Century

Strategic Measurement Is Hard Work • Measurement Needs To Be Timely – Measurement Must Commence Early And Be Repeated Regularly And Often— Frequency of Measurement Must Be Specified In the Measurement Plan • Measurements Must Be Evaluated Regularly Over The Course Of Execution – Senior Management, Campaign Teams Must Formally Review Measurements Regularly ® venturist incorporated Copyright Venturist®, Inc. 2001 -2006 – All Rights Reserved Strategy For The 21 st Century

Measurement Data Needs To Be Collected Measurement Needs To Be Timely Number of New Instructor Positions (20) • Jane In HR Is Responsible For Tracking And Reporting On The Number of New Instructor Positions Every 30 Days. Frequency of Measurement ® venturist incorporated Copyright Venturist®, Inc. 2001 -2006 – All Rights Reserved Strategy For The 21 st Century

Measurements Must Be Evaluated Regularly • Senior Management, Campaign Teams Must Formally Review Measurements Regularly ® venturist incorporated Copyright Venturist®, Inc. 2001 -2006 – All Rights Reserved Strategy For The 21 st Century

Units of Measurement • Limited Set of Possibilities: – Numbers (1, 1. 5, -1. 001, 1000, 7, 800) • Whole, Decimal, Positive or Negative – Currency (Any Currency $, ¥, £, ¢, etc) • Positive or Negative – Percentage (10%, 1%, -5%) • Positive or Negative – Boolean (True or False) ® venturist incorporated Copyright Venturist®, Inc. 2001 -2006 – All Rights Reserved Strategy For The 21 st Century

Measurement Description • Lots of Possibilities – Absolute – Trends – Ratios – Ceiling – Floor – Averages (Means, Medians) – Assessments (Surveys) ® venturist incorporated Copyright Venturist®, Inc. 2001 -2006 – All Rights Reserved Strategy For The 21 st Century

Strategic Success Value • The Value of The Measurement Description In Terms Of The Unit of Measurement That Indicates Strategic Success. – Number of New Instructor Positions (20) Strategic Success Value - 20 In This Example, Realizing 20 New Instructor Positions In Two Years Would Indicate Strategic Success ® venturist incorporated Copyright Venturist®, Inc. 2001 -2006 – All Rights Reserved Strategy For The 21 st Century

Measurement Plan Fragment Comparative Absolute ® venturist incorporated Copyright Venturist®, Inc. 2001 -2006 – All Rights Reserved Strategy For The 21 st Century

Reporting And Plotting Measurements • Measurements Can Be Tracked And Reported As: – Current Value – Historical and Projected Values – Both (Recommended) Current Value: As of Q 3 -2005 New Instructor Positions = 5 Historical, Current and Projected Values • Any Graphical View of Data Will Be Useful As Long As Approach Is Consistent ® venturist incorporated Copyright Venturist®, Inc. 2001 -2006 – All Rights Reserved Strategy For The 21 st Century

Establishing Strategic Exit Assessment Milestones • Strategic Exit Assessment Milestones Are Pre-designated Dates At Which Time The Organization Make A Structured And Previously COMMITTED To Evaluation of Strategic Progress. – Identify and Deal With Strategic Mistakes – Identify And Commit To New Strategic Directions – Adjust Resource Commitments To Strategic Execution ® venturist incorporated Copyright Venturist®, Inc. 2001 -2006 – All Rights Reserved Strategy For The 21 st Century

Strategic Exit Assessment Milestones COMMITMENT Made HERE To Conduct Assessments HERE Execution Start Future Picture Horizon • Identify and Deal With Strategic Mistakes • Identify And Commit To New Strategic Directions • Adjust Resource Commitments To Strategic Execution ® venturist incorporated Copyright Venturist®, Inc. 2001 -2006 – All Rights Reserved Strategy For The 21 st Century

Prometheus Process Practical Strategic Measurement Insights and Discussion venturist® incorporated Strategy For The 21 st Century