How to Digitize Skills through Metrics
Unit economics links business processes and financial performance through metrics. To achieve this it is necessary to digitize business processes.
Digitization of business processes is related to understanding what we can measure when working in a business process, and a metrics tree helps us in this. As a result, we find some metrics, which on the one hand shows us the work of the business process, and on the other hand is related to the metrics of unit economics, which shows the metrics tree.
Then we need to configure the minimum and maximum value of the metric, actually the current value of the metric responsible for the business process and the maximum allowed for the current team. It should also be noted how difficult it is to improve this metric for the team members responsible for this business process. And lastly, specify the dynamics of change of this metric during improvement, for example, it is necessary to conduct a series of experiments to find a tool to improve the business process, which means that for some time our metric does not change much, but after finding the tool it will begin to improve rapidly.
These four simple steps allow you to digitize your competencies.
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