Making Business Decisions with Evidence! What is evidence-based management?

👀 Why You Should Watch:

Understand the concept of evidence-based management and its impact on leadership. Learn how to make data-informed decisions for your organization. Discover the critical value areas to measure for sustainable business growth. 🔑 Key Highlights:

Defining Evidence-Based Management (00:00:01 - 00:00:29):

🔬 Bringing science and empiricism to leadership. 📊 Focus on using data to inform decisions and measure their impact. Challenges in Organizations (00:00:29 - 00:00:59):

🔄 Moving beyond gut feel and vanity metrics. 📈 Addressing the need to understand true business value. The Essence of Business Value (00:00:59 - 00:01:29):

💡 Focusing on delivering value to stakeholders and measuring it effectively. 🎯 Two categories to measure: market value and capability. Market Value: Current and Unrealized (00:01:29 - 00:02:25):

🌐 Balancing current value with potential market opportunities. ✅ Customizing metrics to fit your organization’s unique context. Organizational Capability (00:02:25 - 00:03:19):

💪 Assessing the ability to innovate and time to market. 🏃‍♂️ Speed of moving ideas into the market is crucial. Four Key Value Areas (00:03:19 - 00:04:09):

📝 Current value, unrealized value, innovation ability, and market speed. 🌍 Provides a holistic view of business value delivery. Monitoring and Decision-Making (00:04:09 - 00:05:16):

🧭 Using metrics to guide organizational changes and decisions. 🎛️ Regularly monitor and adapt based on the chosen metrics. Creating Competitive Advantage (00:05:16 - 00:06:08):

🔑 Utilizing data-driven decisions for market adaptation. 🥇 Gain a competitive edge with well-defined goals and strategies. 👍 Why You Should Like and Subscribe:

Stay informed about cutting-edge management strategies. Transform your leadership with data-driven decision-making. Gain a competitive edge in your industry through evidence-based practices. 🔗 Take Action Now!

🌟 Like, Subscribe, and Lead with Confidence using Evidence-Based Management! 📢 Share this video to help others harness the power of data in leadership. 🎓 Explore more at Naked Agility for comprehensive learning and support.

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