Latest / Unspoken Career Truths / Wisdom Under Fire: What Gets Measured Gets Managed
Transcript
- 0:00Welcome to unspoken career truths.
- 0:02I'm Cara Wood. And I'm Lauren Levac Gilbert.
- 0:05And we're here to be the coworkers you can trust.
- 0:08In just 10 minutes, we'll cover the strategies you need, the
- 0:11mistakes to avoid, and the insider secrets no one tells you
- 0:15so you can show up with confidence at work.
- 0:18Hello everyone, welcome back to a Wisdom Under Fire episode
- 0:22where we debate popular phrases. To see if they're accurate.
- 0:26And if they're actually good advice, One of my favorite kinds
- 0:28of episodes. I don't know about you, Carl.
- 0:30I do like a good argument. And I like that we always have
- 0:34different opinions, which is great.
- 0:35Yeah. So today's phrase, what gets
- 0:39measured gets managed. And 1st, where did this phrase
- 0:44come from? So the phrase was wildly
- 0:47attributed to Peter Drucker, and he's an influential management
- 0:51thinker and author. He said if you can't measure it,
- 0:54you can't improve it, and basically he was trying to
- 0:58emphasize the importance of tracking your outcomes in order
- 1:01to measure performance, which makes a lot of sense.
- 1:03Yeah, I didn't know this was attributed to him.
- 1:05The phrase is one that I know like I personally say a lot in
- 1:09my day-to-day and the what it really actually means and like
- 1:15the meaning that most people like how they use it is that
- 1:18things that are tracked or reported are visible.
- 1:20They get attention and the things that aren't, they can
- 1:23kind of slip through the cracks and no matter how people they
- 1:26are. So things like if your bonus is
- 1:29attached to something, then you'll definitely make sure you
- 1:31do it. If you are told that if you
- 1:34reach this milestone you'll get XYZ, then you'll definitely do
- 1:38it. So that's kind of how would you.
- 1:44Do you have any other interpretations, Carl?
- 1:46Well, it's interesting because like I said, I've, I read Peter
- 1:49Ducker back in grad school and yet I, I didn't hear this phrase
- 1:54until I worked in startups. So like over a decade later.
- 2:00But I think the concept of what you're paying attention to is
- 2:04what matters is important. But then I also have seen people
- 2:09like either over index or kind of say, well, if we put it on
- 2:14the dashboard, then we'll care about it.
- 2:17But I think there's a caveat, which is like how many metrics
- 2:19do you have on the dashboard? Because this can be a really
- 2:21powerful thing when you have one or two and you're really like
- 2:24focused on it. But as soon as you're like, hey,
- 2:26if we attach a number, then it's handled.
- 2:30You're in for a world to hurt. Yeah, too many metrics doesn't
- 2:34help anyone. Yeah, and I actually first came
- 2:37about this phrase in corporate America when I started working
- 2:40in CPG land. And it was a phrase that came up
- 2:44a lot. And I really agree with it
- 2:46because I think it's human nature, right?
- 2:48Like as humans, you're trying to like get to a goal or trying to
- 2:54achieve something. And especially if something is
- 2:57tied to like a monetary goal, like a bonus or your pay
- 3:01structure or any sort of compensation, then you're
- 3:05definitely going to try and go for it because that's kind of
- 3:08naturally how people work in in the working world.
- 3:10So I tend to really agree with it.
- 3:12And also, if you don't have a clear path or clear North Star,
- 3:19then it's kind of really hard to figure out what is important and
- 3:22what you should be focusing on. So I tend to agree with it too.
- 3:26But I also think that, and I heard Andy Jassi speak once and
- 3:31it was really cool. I heard him talk about
- 3:34measurement differently rather than like a traditional KPI or
- 3:39like, hey, you need to meet this goal or here's X percent of
- 3:42sales. He was talking about measuring
- 3:44people on how much they experiment and how much they
- 3:48fail, and I don't think a lot of people measure that, but that's
- 3:51actually also a great indication of success.
- 3:55Yeah, it's funny because as you were talking about this, I was
- 3:57thinking about two things. 1 is, like you said, sometimes there
- 4:02are projects that at the start of them you actually don't know
- 4:05which measure matters. We've been talking about this
- 4:07ourselves. As this podcast grows, what is
- 4:10the thing? What is the metric that we
- 4:12should pay attention to? And I think that happens a lot
- 4:15when a it's a new project or it's a new type of project.
- 4:19So that can be a little pitfall if you think that the end all be
- 4:23all is, you know, again, what measure gets managed because you
- 4:27might be like, actually, I need to kind of see what all these
- 4:29measurements are telling me before I pick the one or two to
- 4:33monetize or award. And then the other thing that I
- 4:38was thinking about was just you said that kind of again, like
- 4:43he's talking about failure. And I do think there are some
- 4:45people who have that mindset where it's like, let's really
- 4:50celebrate what failing. Well, looks like.
- 4:53Where this phrase has come to the most value is when I've been
- 4:56a manager. Because even if it's not like a
- 4:59direct, hey, I know if you make 15 calls a day, like we're going
- 5:04to sell all the widgets, I might not know that answer, but it
- 5:07gives me something in a framework to talk to my people
- 5:10about. And so I think the same thing.
- 5:13If you're measuring failure and you're saying, actually, I want
- 5:16you to like try things, then you're just telling people what
- 5:18you value. And you're like, I want to keep
- 5:21having conversations about what mistakes you made and like and
- 5:24talk about why they failed and what you learned.
- 5:27I think that's a great call out, Cara.
- 5:29And we, we talk about value on the podcast a lot and that is
- 5:33really great for someone to think about, right?
- 5:35Like if your manager is looking at a specific metric, then
- 5:38they're putting a lot of value on that.
- 5:39And it's important to them and it's important to understand why
- 5:42they're valuing that or why the company is valuing that metric,
- 5:46right? That it just gives you more
- 5:47insight into kind of the inner workings of the company itself.
- 5:51So I actually love that call out.
- 5:53I think that's great, Cara. My wisdom under fire self has to
- 5:56like at least find a couple of holes to poke.
- 5:58And I think they are sort of like poking around.
- 6:01But I was, I was thinking about like roles I've had where there
- 6:05have been things that you do everyday and they're like you're
- 6:08tracking and you're measuring. When I can think of is like when
- 6:11you're working in the foods industry space, you often like
- 6:16capture what's clean for OSHA and just make sure you're like
- 6:20constantly kind of like following the same checklist and
- 6:22it's all captured, but it almost becomes something a, maybe it
- 6:26becomes something that's like super rote or B, it becomes
- 6:28something that you like, you know, where, what spaces to mop
- 6:31the floor and like which corner gets maybe a little bit
- 6:34neglected because of where the picture gets taken.
- 6:37So there are ways like I think every, you know, person, there
- 6:41are ways that like your numbers, if they aren't discussed and
- 6:44like analyzed, they get taken for granted in like a larger
- 6:48system. So I would say that this is
- 6:50another place where if you're thinking that like if it's, if
- 6:53there's some calculation, it's it's under control, not if
- 6:57you're not analyzing what you're actually measuring.
- 7:00And I know my answer to these is usually it depends, but this one
- 7:05I am fully in support of. What gets measured gets managed.
- 7:08But to your point about poking holes, I would say the one hole
- 7:12I would poke is if you have a role that's not clearly tied to
- 7:17a number metric but has influence.
- 7:19And I'm in a lot of those roles. So I'm in a lot of like
- 7:22community engagement roles and thought leadership roles.
- 7:25And yes, there's numbers that you can measure downloads or
- 7:29podcast listens, but a lot of the influence that you drive is
- 7:34within the community and within the conversations that are
- 7:37happening. And that's much harder to
- 7:39measure. So if you're in a role that's
- 7:41like a bit more ambiguous, it's also great to one, talk to other
- 7:46people who have that role because you can understand kind
- 7:48of how they're measuring it, but also make sure you're clear on
- 7:52like what success looks like, even if it's not a number value.
- 7:56Yeah, it's funny because so I actually use this.
- 7:59What measure gets managed? I I said it's helpful when I'm a
- 8:02manager, but I actually use it in my daily life a lot because
- 8:05as you know, Lauren, I freaking love numbers.
- 8:08So it will be no surprise to you that I have a graph every month
- 8:12I like make up a new graph and I like track my habits.
- 8:14It's the Seinfeld approach of like don't break the trend.
- 8:17And I look at what metrics? Like I could tell you right now,
- 8:19like last month, 60% of the time I went on a mile walk.
- 8:22Like I love that kind of data, but it doesn't it again, it's
- 8:27like useful to me because I take joy in the the personal metrics
- 8:32of it, but that metric alone doesn't matter until I look at
- 8:36it and then say, well, why the 40% of the time that I not was
- 8:40it always raining? You know, Hey, that could just
- 8:42be the reason. Or is it, you know, I didn't get
- 8:45up in time, whatever. And then I can, what can I
- 8:47adjust and then maybe measure that.
- 8:50So often times I'll like change my metric.
- 8:52And so for someone who's in a role that they're like, my stuff
- 8:55isn't measured like neatly, I would say keep adjusting your
- 8:59metric because the first month community engagement might be
- 9:02you talk to 15 people or you measured how many people you
- 9:04spoke to. And then the next month might be
- 9:07like, how many of those people engaged and shared the
- 9:09information or you know, how or what was the mood of the forum
- 9:13like might become a more important metric.
- 9:15So I think if you're in a role where you're like there's no
- 9:17obvious number, then keep experimenting with what that
- 9:21what that actual metric might be as your role progresses.
- 9:25I love that, Kara, and I think the keyword that I heard there
- 9:28is visibility. It gives you visibility to what
- 9:31you're doing. It's eye opening.
- 9:33It gives you data to make decisions.
- 9:37So if we're thinking about kind of what you're measuring and how
- 9:40you're managing in, no matter if you like the concept or don't,
- 9:43there's a couple of things that you can try to think about as
- 9:47you're looking at your role or your specific job.
- 9:50So first one is really kind of understanding what success looks
- 9:53like. We've talked about that defining
- 9:55set success and also finding success early.
- 9:59So what are the quick wins like understanding from your
- 10:03leadership? Like what does success look like
- 10:05to them? What are some of the things that
- 10:07are important to them and how are you going to think about
- 10:09measuring that up? Then the other thing would be
- 10:13quantify things if you can. If not, try to determine how
- 10:19you're going to talk about those things.
- 10:20So for example, when I was talking about community
- 10:22engagement and thought leadership, I track the
- 10:25conversations that I have. So how many conversations was I
- 10:28was was IA part of and what are the topics that I talked about?
- 10:32So that gives me a sense of are people interested in this and
- 10:36are they engaged with it? So that can turn into a metric,
- 10:39even though it might not be a you need to find X percent of
- 10:43meetings and they have to have X percent of impact.
- 10:47And then the other thing is track your own wins.
- 10:49I'm a big proponent of this. I do this every week.
- 10:53I look at what was a really big win I had.
- 10:56Was I able to get any engagement?
- 10:58Who did I meet with? Like just keep a doc and every
- 11:03week just talk about things that you did and it can be numbers,
- 11:07it can be meetings, it can be influenced, it can be
- 11:10engagement. Just track your wins because
- 11:12it's hard at the end of the year when you're trying to reflect to
- 11:15be like, I did all these amazing things.
- 11:17But if you do it throughout the year and you do it on a regular
- 11:21cadence, it also helps you showcase what you've done and
- 11:24your value and what you've provided to the role.
- 11:27Yeah. And I just want to say that this
- 11:29is one of those mantras that can be also flipped on its head.
- 11:32Like if you have a boss that is a sort of what gets measured
- 11:36matters and managed, then think about the things that they might
- 11:41have a blind spot to because they're not getting the metrics
- 11:44for them. And the ways that you can
- 11:46communicate those, especially if they are the ignored corner,
- 11:49unswept corner in the room. Like what are those in your in
- 11:52your job? And we've talked about this in a
- 11:55previous podcast, but understanding what motivates
- 11:57people. So understanding to your point,
- 11:59Cara, whether it's your boss or your leadership team, like what
- 12:03are they focused on and how can you kind of ladder up what
- 12:06you're doing to help support them?
- 12:08Yeah, because often leadership is like they've got a lot of
- 12:12metrics, but there's probably like the one or two that they
- 12:15talk about on a daily basis. So if you can buy your value to
- 12:19that, that's a great place to be.
- 12:23Agreed. OK, so to close out, remember
- 12:26it's human nature to want to have some sort of structure and
- 12:30to want to measure success and understand values.
- 12:32So just try to understand the human element to it, how you
- 12:37feel about it, what success looks like to you, what success
- 12:40looks like to your organization. Track your progress, whether
- 12:43it's for yourself or for your team.
- 12:45It just really helps see progress year over year.
- 12:48And just be clear to yourself on what you're trying to achieve
- 12:52and what your goals are. Yeah.
- 12:54And remember, there are those rainy days that you're not going
- 12:56to go out for the mile walk or you're not going to hit the
- 12:58number. And that doesn't mean it's not
- 13:00progress. It just means that was a day of
- 13:02rest or rain. Not every day is 100%.
- 13:05That's a wrap. Thanks for joining us on
- 13:07Unspoken Career Truths. Don't forget follow us on
- 13:10Spotify and Instagram.