Wednesday, July 19, 2006

Transparent performance imperative (TPI)

5:00

In the new global economy, where billions of workers from India, China and other developing nations use the Internet to compete against us, we have no choice but to keep improving not only our technical and professional skills, but also our business skills.

A person has business skill if he/she knows exactly how his/her performance contributes to the profitable growth of the company (read Ram Charan's Profitable growth is everyone's business, it's great for employees who want to learn more about business).

Indeed, in the new economy, we are either very, very good at what we do, or we will be very, very unemployed.

But becoming very, very good at what you do is not always easy.

In fact, it is much easier to do things the way you've always done them. Nobody likes to think hard about continuous improvement. Yet it's the only way to survive in a global economy.

The success secret is what I call the Transparent Performance Imperative (TPI).

TPI says that you should publicly post your performance data, so that everyone can see how good or how bad you are at managing your time.

For instance, I just spent 4 minutes writing this article, I will probably be done in one minute.

By publicly posting the time it takes me to write a posting, I force my brain to think and write in a very concise, efficient manner.