Question

In the video called "Making Decisions with Data", the narrator suggests that you can't manage what you don't measure.   What he means is:

You can't run a business without a ruler.

You need to measure processes objectively to find the source of problems.

We all have ideas and opinions, and sometimes these will help us to solve problems.

Employees should be measured periodically against industry standards to ensure adequate performance.

Answer 1

Employees should be measured periodically against industry standards to ensure adequate performance.

This means that each employee should be given a measurable goal against a benchmark. This is because it is extremely important to measure performance which would lead to results. It helps in taking corrective actions for better output and employee motivation.