Performance-Based Effort

How many of you can truly say that your ED program or organization operates with a performance-based plan, where results can be measured on a regular basis? I ask the question because a large number of EDOs--even those serving states and major metro areas--have a long way to go in this regard.

Performance metrics are a part of the solution, but much more is involved in creating an ED effort that is managed in a performance-based manner.

Does your organization budget to get results? Does your Board accept responsibility for getting results? Is your personal compensation contingent, at least in part, based upon your ability to get results? Is your strategic plan performance-based? Are your partnerships with other organizations performance-based.

These are some important areas to consider as you build a performance-based ED effort for the future.

I'd like to hear your thoughts on this important and complex issue. Thank you.