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May 31, 2023 · A model for managing products called the North Star Framework identifies a single, critical metric known as the North Star metric or NSM. This is the one metric that, in the opinion of its creator, Sean Ellis, best depicts the fundamental value that your product offers to customers.
What is a good North Star Metric? Which metric, if it were to increase today will accelerate business flywheel? Lenny Rachitsky. Here are some best practises for deciding on a good north star metric: Is it measurable? It is simple, memorable and easily understood? Is it a leading (not lagging) indicator of success?
mation north star. In this article, we will outline how to define your digital industrial transforma-tion’s north star, the first step to helping keep your transformation not just on course but charging full speed ahead. The digital transformation north star helps leaders keep in sight the end goal throughout the inevita-ble upheavals.
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‘North Star Metric’ examples of tech industry leaders. How North Star Metrics drive growth at tech leaders like Facebook, Amazon, Uber, Salesforce, Robinhood, and Netflix. By Nikolas Vogt. Ex-Growth Lead, Google | Founder, Growth Academy | Guest speaker, Santa Clara University.
Sep 28, 2023 · The North Star framework enables product teams to align effectively. This guide covers conducting assessments, defining aligning vision and principles, translating into priorities, communicating strategy, and tracking progress.
Jun 9, 2023 · Your NSM should: Be easy to measure. Have a high correlation with success. Have clear communication with the company’s strategy. Provide an objective view on the performance of the company. The best way to think about a North Star metric is as a top-line metric that aligns with the long-term vision of your company.
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They called them BHAGs: big, hairy, audacious – likely to be externally questionable – goals. A BHAG is visionary, clear, compelling, and (over) ambitious. It leads a company out of its comfort zone towards accomplishing the impossible. A BHAG is meant to be inspiring and provide direction.
