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Managing Business Outcomes: The Role of Measuring Inputs and Outputs

conversations profitwithoutpills Apr 27, 2023

In the business world, inputs and outputs are crucial concepts that refer to the actions taken by people in a business and the resulting outcomes, respectively.

In this episode, Richard Stone emphasizes the significance of measuring both inputs and outputs. The discussion covers the following:

-Defining inputs and outputs in business and their relationship
-Key performance indicators (KPIs) used to measure business success
-The need to measure and manage outcomes effectively
-Measuring the value of a business and its performance
-Measuring customer retention and profitability as KPIs
-Identifying key areas for improvement in a business through performance measurement.

Listen in to gain valuable insights on measuring inputs and outputs in your business and maximizing your success.


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