Encouraging your people to take the long view

Employees and managers should be measured as much on their contribution to an organization’s long-term health as to its performance.

Measuring the performance of people, especially managers and senior executives, presents a perennial conundrum. Without quantifiable goals, it’s difficult to measure progress objectively. At the same time, companies that rely too much on financial or other “hard” performance targets risk putting short-term success ahead of long-term health—for example, by tolerating flawed “stars” who drive top performance but intimidate others, ignore staff development, or fail to collaborate with colleagues. The fact is that when people don’t have real targets and incentives to focus on the long term, they don’t; over time, performance declines because not enough people have the attention, or the capabilities, to sustain and renew it.


Source: www.mckinseyquarterly.com/Organization/Strategic_Organization/Encouraging_your_people_to_take_the_long_view_3014

Posted in: Managing people

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