How Executives Can Manage Information Overload

25 Jun How Executives Can Manage Information Overload

Share this pageShare on LinkedIn
Linkedin
Tweet about this on Twitter
Twitter
Email this to someone
email

A recent FORBES article discusses, and actual has 10 Steps To Conquer Information Overload.  FORBES has some great steps. However, we prefer not to “conquer” information overload, but how to use so much information to your advantage. One thing we all need to realize is that all this information is here to stay, and the rate at which we generate information will continue to grow. Resistance is futile – don’t fight information overload, manage information overload – manage the fire hose.

Here are three quick ways executives can manage information overload

Using Indirect KPIs. This sounds very specific, but what we find is that there are numerous pieces of information that really mean minimal to an executive. However, when several small KPIs are correlated, the result can lead to a KPI that an executive can review and make a decision quickly and more importantly, accurately. Indirect KPIs are KPIs which impact other KPIs not found within a straightforward “drill-down” or “drill-up” manor; these are KPIs that correlate to or impact other KPIs. Indirect KPIs are much harder to determine (vs. simply adding up numbers in a typical manner), but can provide insights into supply chain issues and drive improvements.   Indirect KPIs are KPIs that connect the dots. Rather than showing the executing the dots (smaller, tactical KPIs), expose the executive to the already-connected-dots.

Shallow Dive Analytics. We continually focus on the concept of shallow-dive analytics. By skimming the surface of your ocean of data, you reduce the chance of drowning in information overload. In shallow dive analytics, we focus our executives and knowledge workers on a crucial set of business metrics that provide high-level insight and direction on the areas that require a deeper dive. When combining shallow-dive analytics with indirect and direct KPIs, we strengthen our understanding of the issues and provide the insight necessary to making decisions.

Follow a defined methodology to manage information overload.   Recently, we introduced The Sage Clarity Real Time KPI Maturity Framework.   With information overload, we probably have “KPI Overload” – too many KPIs. We cannot start eliminating KPIs arbitrarily. One way to manage the large number of KPIs and thus, information overload, is in addition to determining what KPIs are needed, to determine when such KPIs are needed. Executives may need information immediately, tomorrow, next week, next month or sometimes, next year. By using a time horizon, of now, we can eliminate information needed next week, next month or next year, and reduce our KPIs to those needed now. The methodology in our real-time framework helps organizations determine how to re-design your business metrics to provide the best impact.

Summary

As we climb the organization ladder, managing information becomes more and more important, since the higher-level the management, the larger impact the decision can be, therefore, and the more strategic impact to the business a decision is. By applying the above three steps to managing information overload, we can reduce the difficulty a person can make in making business-impacting decisions.

Share this pageShare on LinkedIn
Linkedin
Tweet about this on Twitter
Twitter
Email this to someone
email
No Comments

Post A Comment

[gravityform id="7" title="false" description="false" ajax="true"]
<div class='gf_browser_chrome gform_wrapper' id='gform_wrapper_7' ><div id='gf_7' class='gform_anchor' tabindex='-1'></div><form method='post' enctype='multipart/form-data' target='gform_ajax_frame_7' id='gform_7' action='/kpis-how-executives-can-manage-information-overload/#gf_7'> <div class='gform_body'><ul id='gform_fields_7' class='gform_fields top_label form_sublabel_below description_below'><li id='field_7_1' class='gfield form-field-name gfield_contains_required field_sublabel_hidden_label field_description_below hidden_label gfield_visibility_visible' ><label class='gfield_label gfield_label_before_complex' >Name<span class='gfield_required'>*</span></label><div class='ginput_complex ginput_container no_prefix has_first_name no_middle_name has_last_name no_suffix gf_name_has_2 ginput_container_name' id='input_7_1'> <span id='input_7_1_3_container' class='name_first' > <input type='text' name='input_1.3' id='input_7_1_3' value='' aria-label='First name' aria-required="true" aria-invalid="false" placeholder='First Name'/> <label for='input_7_1_3' class='hidden_sub_label screen-reader-text'>First</label> </span> <span id='input_7_1_6_container' class='name_last' > <input type='text' name='input_1.6' id='input_7_1_6' value='' aria-label='Last name' aria-required="true" aria-invalid="false" placeholder='Last Name'/> <label for='input_7_1_6' class='hidden_sub_label screen-reader-text'>Last</label> </span> </div></li><li id='field_7_3' class='gfield gfield_contains_required field_sublabel_below field_description_below hidden_label gfield_visibility_visible' ><label class='gfield_label' for='input_7_3' >Enter your email<span class='gfield_required'>*</span></label><div class='ginput_container ginput_container_email'> <input name='input_3' id='input_7_3' type='text' value='' class='medium' placeholder='Enter your email' aria-required="true" aria-invalid="false" /> </div></li><li id='field_7_8' class='gfield field_sublabel_below field_description_below hidden_label gfield_visibility_visible' ><label class='gfield_label' for='input_7_8' >Phone</label><div class='ginput_container ginput_container_phone'><input name='input_8' id='input_7_8' type='text' value='' class='medium' placeholder='Phone' aria-invalid="false" /></div></li><li id='field_7_7' class='gfield gfield_contains_required field_sublabel_below field_description_below hidden_label gfield_visibility_visible' ><label class='gfield_label' for='input_7_7' >Company<span class='gfield_required'>*</span></label><div class='ginput_container ginput_container_text'><input name='input_7' id='input_7_7' type='text' value='' class='medium' placeholder='Enter your company' aria-required="true" aria-invalid="false" /></div></li><li id='field_7_9' class='gfield gform_hidden field_sublabel_below field_description_below gfield_visibility_visible' ><input name='input_9' id='input_7_9' type='hidden' class='gform_hidden' aria-invalid="false" value='' /></li><li id='field_7_10' class='gfield gform_hidden field_sublabel_below field_description_below gfield_visibility_visible' ><input name='input_10' id='input_7_10' type='hidden' class='gform_hidden' aria-invalid="false" value='' /></li><li id='field_7_11' class='gfield gform_hidden field_sublabel_below field_description_below gfield_visibility_visible' ><input name='input_11' id='input_7_11' type='hidden' class='gform_hidden' aria-invalid="false" value='' /></li><li id='field_7_12' class='gfield gform_validation_container field_sublabel_below field_description_below gfield_visibility_visible' ><label class='gfield_label' for='input_7_12' >Comments</label><div class='ginput_container'><input name='input_12' id='input_7_12' type='text' value='' /></div><div class='gfield_description' id='gfield_description__12'>This field is for validation purposes and should be left unchanged.</div></li> </ul></div> <div class='gform_footer top_label'> <input type='submit' id='gform_submit_button_7' class='gform_button button' value='WATCH THE VIDEO' onclick='if(window["gf_submitting_7"]){return false;} window["gf_submitting_7"]=true; ' onkeypress='if( event.keyCode == 13 ){ if(window["gf_submitting_7"]){return false;} window["gf_submitting_7"]=true; jQuery("#gform_7").trigger("submit",[true]); }' /><!-- Begin Daddy Analytics fields --><input type="hidden" name="" value="" /><input type="hidden" name="" value="" /><!-- End Daddy Analytics fields --> <input type='hidden' name='gform_ajax' value='form_id=7&amp;title=&amp;description=&amp;tabindex=0' /> <input type='hidden' class='gform_hidden' name='is_submit_7' value='1' /> <input type='hidden' class='gform_hidden' name='gform_submit' value='7' /> <input type='hidden' class='gform_hidden' name='gform_unique_id' value='' /> <input type='hidden' class='gform_hidden' name='state_7' value='WyJbXSIsIjkxNDIyMmFlMTAxZmQ0Y2JiZGRlMTcwMzZjMjBlNDQxIl0=' /> <input type='hidden' class='gform_hidden' name='gform_target_page_number_7' id='gform_target_page_number_7' value='0' /> <input type='hidden' class='gform_hidden' name='gform_source_page_number_7' id='gform_source_page_number_7' value='1' /> <input type='hidden' name='gform_field_values' value='' /> </div> </form> </div> <iframe style='display:none;width:0px;height:0px;' src='about:blank' name='gform_ajax_frame_7' id='gform_ajax_frame_7'>This iframe contains the logic required to handle Ajax powered Gravity Forms.</iframe> <script type='text/javascript'>jQuery(document).ready(function($){gformInitSpinner( 7, 'https://d361pqspa6t978.cloudfront.net/production/wp-content/plugins/gravityforms/images/spinner.gif' );jQuery('#gform_ajax_frame_7').on('load',function(){var contents = jQuery(this).contents().find('*').html();var is_postback = contents.indexOf('GF_AJAX_POSTBACK') >= 0;if(!is_postback){return;}var form_content = jQuery(this).contents().find('#gform_wrapper_7');var is_confirmation = jQuery(this).contents().find('#gform_confirmation_wrapper_7').length > 0;var is_redirect = contents.indexOf('gformRedirect(){') >= 0;var is_form = form_content.length > 0 && ! is_redirect && ! is_confirmation;var mt = parseInt(jQuery('html').css('margin-top'), 10) + parseInt(jQuery('body').css('margin-top'), 10) + 100;if(is_form){jQuery('#gform_wrapper_7').html(form_content.html());if(form_content.hasClass('gform_validation_error')){jQuery('#gform_wrapper_7').addClass('gform_validation_error');} else {jQuery('#gform_wrapper_7').removeClass('gform_validation_error');}setTimeout( function() { /* delay the scroll by 50 milliseconds to fix a bug in chrome */ jQuery(document).scrollTop(jQuery('#gform_wrapper_7').offset().top - mt); }, 50 );if(window['gformInitDatepicker']) {gformInitDatepicker();}if(window['gformInitPriceFields']) {gformInitPriceFields();}var current_page = jQuery('#gform_source_page_number_7').val();gformInitSpinner( 7, 'https://d361pqspa6t978.cloudfront.net/production/wp-content/plugins/gravityforms/images/spinner.gif' );jQuery(document).trigger('gform_page_loaded', [7, current_page]);window['gf_submitting_7'] = false;}else if(!is_redirect){var confirmation_content = jQuery(this).contents().find('.GF_AJAX_POSTBACK').html();if(!confirmation_content){confirmation_content = contents;}setTimeout(function(){jQuery('#gform_wrapper_7').replaceWith(confirmation_content);jQuery(document).scrollTop(jQuery('#gf_7').offset().top - mt);jQuery(document).trigger('gform_confirmation_loaded', [7]);window['gf_submitting_7'] = false;}, 50);}else{jQuery('#gform_7').append(contents);if(window['gformRedirect']) {gformRedirect();}}jQuery(document).trigger('gform_post_render', [7, current_page]);} );} );</script><script type='text/javascript'> jQuery(document).bind('gform_post_render', function(event, formId, currentPage){if(formId == 7) {if(typeof Placeholders != 'undefined'){ Placeholders.enable(); }jQuery('#input_7_8').mask('(999) 999-9999').bind('keypress', function(e){if(e.which == 13){jQuery(this).blur();} } );} } );jQuery(document).bind('gform_post_conditional_logic', function(event, formId, fields, isInit){} );</script><script type='text/javascript'> jQuery(document).ready(function(){jQuery(document).trigger('gform_post_render', [7, 1]) } ); </script>