This tool can be used to measure the performance of the organization or of a project, team, piece of equipment, position, or individual.<\/p>
Another benefit: a dashboard helps you mobilize your team!<\/h5>
A dashboard can clarify your objectives and vision for your team like never before. Your management team and employees will have a common vision of what is important for your business. Make it visually attractive, colourful (green, yellow, red), and simple. Everyone will want to consult it!<\/p>
![\"\"](\"https:\/\/evol.wp.vortexdev.com\/wp-content\/uploads\/2021\/11\/tableau_de_bord_1-edited.jpeg\")
<\/figure><\/div>What does a dashboard contain?<\/h5>
To maximize its benefits, a dashboard includes performance indicators grouped into six areas:<\/p>
- Clients<\/strong> (e.g.: customer satisfaction, number of clients, number of visitors, sales $ and units)<\/li>\n\n
- Financial results <\/strong>(e.g.: net income, gross margin, EBITDA, etc.)<\/li>\n\n
- Processes\/efficiency <\/strong>(e.g.: product quality, production capacity, number of employees based on sales)<\/li>\n\n
- Organizational<\/strong> learning<\/strong> (human resources: training hours, turnover, engagement)<\/li>\n\n
- Governance <\/strong>(e.g.: number of contracts awarded, value of contracts, respect for procurement rules, identification of the main risks, (e.g.: dependence on one supplier or client))<\/li>\n\n
- Environment<\/strong> (e.g.: social responsibility, water consumption, waste)<\/li><\/ul>
I\u2019m sold! Where do I start?<\/h5>
Creating a dashboard begins with a thorough understanding of your organization\u2019s strategic positioning. This means knowing: <\/p>
- The organization\u2019s mission and vision<\/li>\n\n
- The value proposition (promise to clients)<\/li>\n\n
- Social responsibility<\/li>\n\n
- Corporate values<\/li>\n\n
- Objectives and targets<\/li>\n\n
- Its competitive advantage<\/li>\n\n
- Its value domain (operational excellence, product leadership, customer intimacy or market creation)<\/li>\n\n
- Your internal and external environments (strengths, weaknesses, threats, opportunities, risks)<\/li>\n\n
- The organization\u2019s challenges<\/li>\n\n
- The strategy and business model<\/li>\n\n
- The steps in the client experience and steps in the value chain<\/li><\/ul>
The dashboard and the choice of indicators must reflect your strategic plan.<\/p>
Take time to think so you can build a useful, effective tool. This sort of management tool will take more than a few hours to build. Your CPA can help you. Don\u2019t hesitate to consult them!<\/p>
<\/div>![\"\"](\"https:\/\/evol.wp.vortexdev.com\/wp-content\/uploads\/2021\/11\/tableau_de_bord_2-edited.jpeg\")
<\/figure><\/div>What software can you use to create a dashboard?<\/h5>
There are several software programs you can use to make dashboards, for example, Power BI, Tableau, BSX Designer, and Microsoft Dynamics, to name just a few. A Google search will reveal options. You can also use Excel if you are skilled at creating graphics and appealing visuals.<\/p>
It is essential that as much data as possible (all of it, in fact!) be automatically calculated on your dashboard, so that there is no extra ongoing work for you and your team.<\/p>
To sum up: 5 tips for maximizing the benefits of this new tool<\/h5>
- Ensure your dashboard is visually understandable at a glance.<\/li>\n\n
- Your indicators must reflect the past, current position, and future trends based on objectives and reference points.<\/li>\n\n
- Be sure that your indicators are aligned with your business priorities.<\/li>\n\n
- The dashboard must be used by your whole team to be an organizational communication tool built around shared objectives.<\/li>\n\n
- It must be a management tool for planning, measuring, evaluating, and correcting a situation. A good dashboard lets you react quickly and make decisions in the case of discrepancies.<\/li><\/ol>
- Financial results <\/strong>(e.g.: net income, gross margin, EBITDA, etc.)<\/li>\n\n