In a business world more and more competitive, big companies are always going to the limit in search of the best results such as financial, internal process quality or customer satisfaction. Often, what defines the success or failure in the pursuit of results and goals of organizations is the speed and assertiveness in making crucial decisions, which must always be based on historical fact and reliable data. In this context, a management dashboard proves to be extremely effective, as a clear and succinct way to distribute valuable information about the current performance of the company and the industry in which it is inserted, to all employees from an easily visible location.
Thus, it increases the detection of possible faults and problems or the identification of potential opportunities. Watch on the video below how it works:
The four basic premises of a management dashboard
- Provide accessible and uncomplicated information, to facilitate daily work and instill in employees the desire to work better, harder and aim for quality.
- Increase, gradually and continuously, the knowledge of relevant information to the largest possible number of employees.
- To expand the autonomy and independence of employees, enriching personal and professional relationships and improving the working environment.
- Have a management dashboard that shares information able to change an enterprises culture, reflecting its mission, vision, and values.
Check out: What is an organizational climate?
The three main benefits that a management dashboard brings to companies
- Data collected from various business processes are understood and jointly displayed for different managers, who can follow in real time the performance of these processes and, when needed, have enough time to make critical decisions and correct any faults.
- The simple fact increases the commitment of the entire staff that they now have knowledge of targets and relevant company information and starts to see the management dashboard as transparent and appropriate.
- With the implementation of a management dashboard, it creates a management and culture-based administration based on facts and credible data, and thus the professionals involved can better grasp the reasons and directions of the decisions taken.
Two practical examples of different management dashboard systems
- Kanban: A word of Japanese origin that means registration or visible plaque. The Kanban system is one of the most used management dashboard systems. It is used to control inventories of raw materials and products using cue cards, which always guarantee an updated check of many parts in stock and enable the quick replacement of these parts whenever necessary, allowing greater control over production.
- Management Dashboards: also known as management screens, these dashboards promote a healthy and stimulating competition between different sectors of the company, by comparing goals, performances and goals achieved. But remember: they should be updated frequently so that your information does not downgrade and lose value.