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Rhythm Blog

by Patrick Thean and the Rhythm Team

A Tale of Two Unicorns: What They Have in Common

Jessica Wishart Tue, Feb 25, 2020 @ 11:03 AM

Recently, AvidXchange, a Charlotte-based fin tech company, announced Series F funding. Their innovative accounts payable platform is changing the way middle market companies do business, and this new round of funding will fuel their continued growth.

“We’re shaping the future of the B2B payments industry by fundamentally changing the way businesses pay their bills, providing a single platform for AP and payments with the largest payments network for the middle market,” said CEO Michael Praeger in a written statement.

Late last year, Raleigh-based tech company Pendo raised $100 million to fuel their growth. The successful startup provides analytics to help companies improve their websites and software for end users. According to CEO Todd Olsen, the company plans to use the money to hire more software engineers (among other things): “We tend to think that investments in product pay back long-term dividends to the company… A big part of our investment thesis is to continue hiring engineers.”

What's Your #1 Business Challenge?

Paige Wilcox Fri, Feb 21, 2020 @ 11:03 AM

What's the #1 challenge affecting your business today? Christine Rutherford, our Head of Growth andStrategic Partnerships, and Juan Sosa, our Rhythm Onboarding and Training Expert, dug in to that topic during their "The Framework to Align Your Strategic Efforts and Your Executive Team" webinar.

The attendees voted and identified the following as their #1 business challenge:

  • 46% - Team Alignment/Execution
  • 41% - Making My Strategic Plan Actionable
  • 30% - Growth
  • 14% - Talent/Building Accountable Teams

Why There's Still Hope for Your New Year's Resolution

Jessica Wishart Tue, Feb 18, 2020 @ 11:03 AM

Did you have a New Year’s Resolution this year? Any new habits you were trying to develop? How are those new habits coming along? We’re a few months in to 2020, and if you believe the data, you’ve probably fallen off the proverbial wagon by now on those new habits.

Anecdotal evidence does suggest that it is a lot easier to find a parking place at the gym now than it was in the first few weeks of January, so I’m inclined to believe the data that only 64% of people who make resolutions are keeping them a month later, and only 8% successfully complete them. Forming new habits is hard. Changing old behaviors is really, really hard!

Don’t give up yet! If you are trying to start a new habit, here’s a list of tricks to try:

Maximize Your Effectiveness with Custom KPI Dashboards

Jessica Wishart Fri, Feb 14, 2020 @ 11:07 AM

In Rhythm software, there are few different lenses to view your Key Performance Indicators (KPIs). You can view them in a Scorecard to ensure you have a balance between people and process metrics. You also have a couple of different ways to look at all of the KPIs in a particular group: either as an EnergyMap so you can see at a glance how the linked Individual Priorities are going, or on the 13 Week Race tab so you can see how the status of your KPIs has changed over the course of the quarter.

Finally, Custom Dashboards are perhaps the most powerful tool for viewing KPIs in your weekly meeting. Here, you have the ability to select exactly which KPIs you want to view together regardless of which group the KPIs are in. You can arrange your data to tell the specific story you need to hear. Here are a few examples of how you can use Custom KPI Dashboards to maximize your effectiveness:

How the Best CEOs Align Employees with Company Goals

Tiffany Chepul Wed, Feb 12, 2020 @ 11:03 AM

As the dust settles on the Annual Planning season, many CEOs now face the challenge of how to achieve and maintain alignment to the company goals across the organization for the entire year. For everyone on your executive team, this job should never end. And, as CEO, you are the driver, the one person who can have the single greatest impact on your team’s focus and alignment throughout the year.

4 Tips to Improve Your Company's Focus

Jessica Wishart Mon, Feb 10, 2020 @ 11:08 AM

Focus. Sounds good, right? It may sound easy enough, but I’ve seen over and over again that people, companies and teams with the best of intentions don’t get this right.

Let’s start with the individual benefits of focus. From a personal productivity perspective, if you are able to focus on one task at a time, you will make decisions faster, produce higher quality work with fewer errors, and feel more positive and less stressed. However, it is nearly impossible to block out constant distractions in our modern lives. To really focus, you need to block out email, text messages, social media, news alerts and more. This is hard.

The Trouble with Accountability

Jonathan Walters Wed, Feb 5, 2020 @ 10:44 AM

The trouble with accountability is that, well, you have to live it. Patrick Lencioni writes; “Once we achieve clarity and buy-in, it is then that we have to hold each other accountable for what we sign up to do, for high standards of performance and behavior. And as simple as that sounds, most executives hate to do it... .” For many CEO’s, Managers, and Team Leaders, the thought of doing the consistent work around holding others to a clear expectation, measuring results, as well as being transparent about their own personal performance can seem both daunting and uncomfortable.

Cascading: Sales KPI Examples For Successful Sales Teams

Tiffany Chepul Mon, Feb 3, 2020 @ 03:38 PM

One of my favorite teams to coach through the Rhythm Cascade process is the Sales team.  Having been part of a large sales organization myself, it's always interesting to see different teams in action.  Some teams have a list of 50 KPIs that they track, while others are starting from scratch.  No matter the starting point, the question I get is the same:  "What are the most common ones you see as a Rhythm Coach?"   Below are a few of the usual suspects, along with some tips from some of our most successful sales teams on Rhythm.

25 KPI Examples For Manufacturing Companies (Updated for 2020)

Jessica Wishart Sun, Feb 2, 2020 @ 12:00 PM

Because Rhythm strategy execution software acts as a framework for pulling together into one single system many improvement initiatives and management tools that are popular among manufacturing companies, many of our most successful clients come from the manufacturing industry. One area that our clients come to us for help with is determining the right manufacturing KPIs (Key Performance Indicators) for their manufacturing metrics dashboard to drive performance.  Some production managers are not sure where to start, and many are measuring so many things that their manufacturing metrics are just noise, not driving action or change to drive your operating efficiency and product planning KPIs.

Download our free KPI Guide to help you drive results with KPIs.

Manufacturing KPI Examples

2020 One Page Strategic Plan (OPSP) to Master the Rockefeller Habits

Alan Gehringer Sat, Feb 1, 2020 @ 05:52 PM

I have recently been involved in a few conversations with clients that are new to the Rockefeller Habits or to long-range planning. The questions that keep coming up are "Where do I start?" and "Should I first establish my BHAG (Big Hairy Audacious Goal), 3-5 year strategic plan, Core Values, etc.?"