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Decision Algorithm

Decision-Support Matrix - The item to focus on is that which is most likely to have the biggest positive impact on your organization -- three conditions must be met to identify such items:

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The Element Impacts your organization (doing/being better at this will make your organization better in an important manner).  Managers and employees OFTEN focus efforts in areas that have little impact on the organization’s goals.

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You have influence over it (you may not have complete control, but your efforts will have an impact on this element).

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You are not currently excelling at this element (if you are already strong in this area, don’t mess it up working on other elements, but there is a diminishing return on further efforts in this front).

Forecasts and Return on Investment Analysis Financial Trends and forecasts, Cost Analysis (including shop-floor and vendor costs), Return On Investment Calculations, etc.
Research Competitive analysis, Industry Trends and Benchmarks, and Market Wage Studies.

Strategy Decisions Systems Compensation NFP

 
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Last modified: 11/05/03