What business lessons can we learn from baseball?
I read “Moneyball” recently which charts the story of the Oakland Athletics baseball team. The A’s, one of the poorest teams in baseball, achieved something remarkable in the 2002 season...a record breaking 20 straight wins and a shot at the World Series.
They used one key metric to help them identify the right type of players to sign. That metric was:
How often the player got on base!
The logic was that the more a player gets on base the more chance of scoring and an increased probability of winning games.
This simple strategy allowed the A’s to achieve things beyond everyone’s expectations.
What can businesses learn from this? Well are there a few metrics, or maybe just one, that you can focus on to help drive your businesses success?
I recently identified a metric in the business I work for.....the “Average Pieces per Order”.
Focussing on just this metric and looking for ways to drive that average up will increase revenue and drive efficiency in the warehouse.
What useful metrics are there that you can focus on that could help you to achieve amazing results?
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