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Defining Success in Your Organization

All organizations want to be successful, but what constitutes success often varies based on your organizational goals. Many people think that success metrics examples have to be financial, but that’s not true at all. For example, a publicly-traded company probably looks at quarterly revenue targets and profitability as their success metrics examples, while a family-owned restaurant may define success as sharing their recipes with the community they love. 

Key success metrics have to be objective, backed by hard data, and directly related to an organization’s broader goals. In the case of the public company, their goal is to maximize shareholder value. However, the restaurant is successful as long as they have enough money to stay open.

If you want to help your team members be successful, you must first define what success is and provide an action plan for achieving it. Next, you need to equip your staff with all of the tools and skills they need to turn your vision into reality. Echo360 can help on both counts. The Echosystem experience framework takes all of our tools, from video management to content authoring, and brings them together with the learner at its epicenter to deliver personalized learning experiences.  

 

Setting your company’s goals

The first thing you have to do before you can even think about success metrics examples is determine what success looks like to you. Do you want to maximize profits, cash flow, or your own control over the organization? Choose specific numbers rather than some vague idea of “growth” so you have something tangible to work toward. Likewise, your organization’s scale should be clear in the goals you set. Don’t say that you want “25% market share,” say that you want 25% market share in your city, state, region, nationally, or globally. Finally, set a clear time limit so you and your team members know how long you have to reach these goals and hold yourself accountable. A blend of short and long-term goals generally works best.  

Once you know what your goals are, it’s time to share them with your team making sure to touch on the key success metrics that you’ll be using. EchoVideo makes it easy to film yourself explaining what your goals are and why they are important to you. Offline mode enables you to capture video with no internet access, while smart input fallback ensures that you’ll automatically switch to another camera if one breaks down without losing any footage. Automatic Speech Recognition (ASR) technology also makes it easy to caption your video, allowing employees to search and rewatch anything that particularly motivates them. Once your video is finished, you can post it to the dashboard on EchoPoll or add it to courses on EchoAuthor to make it easily accessible.  

Preparing your team

Once your team understands what they are trying to achieve and which key success metrics you’ll be using, you have to prepare them for success. The key to reskilling and upskilling is offering courses that fit busy lifestyles. The entire Echosystem is mobile-friendly, allowing your staff to consume educational content wherever and whenever works for them. EchoEngage supports personalized learning paths allowing learners to enroll in any courses they need while skipping those they don’t. It also offers powerful collaboration tools like virtual breakout rooms and live polling to foster camaraderie and a company culture built around your success. 

Similarly, EchoAuthor allows you to create courses with some of the content blocked off until learners demonstrate they are ready for it. When it’s time to start looking at your success metrics examples for an internal promotion or raise, EchoExam and EchoVideo both give you all of the evidence you’ll need to make the right decision. 

Succeed with Echo360 today

Driving success isn’t easy but you can do it with the right key success metrics and the Echosystem by your side. Contact us today for more success metrics examples and how we can help you leverage them!

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