Dapper Collectives CEO and Friends With Benefits founder Trevor McFedries joins Unchained to discuss social tokens, NFTs, the creator economy, $FWB, VC snacks, DAOs, Cooper Turley, and more. Show highlights:[...]
It is impossible not to consider crypto and blockchain technology right now after so many institutions and big organizations started adopting this so-called revolutionary...
I was reading an article about Tom Brady today in the Washington Post and it led me to think about metrics in supply chain. How could that possibly be, you ask? What does how a quarterback preforms in football have to do with supply chain?
First, in case there are those who do not know who Tom Brady is I would just ask you to google him. Whether you like him or not as a fan you have to respect all that he has accomplished. We literally likely will not see another like him in our lifetime, or maybe ever, as it relates to football and longevity. 9 super bowl appearances, 7 titles and 13 AFC Championship games. When everyone thought he was done, he went off to Tampa Bay where he promptly won another super bowl. ( I will not list them all here but if you want to know all the records he holds, I found this website).
The article in the Washington Post was titled: Tom Brady is telling his own story and doing it at his own pace: (May require firewall). The general theme was the success of Tom Brady (Besides raw talent - which a lot of NFL QBs have had and have been far less successful) can be boiled down to just a few items:
His ability to focus on the mission in front of him.
His ability to ignore all the noise around him in terms of success (fan noise, social media noise, trappings of fame noise).
His discipline in controlling his time. Everyone wants a piece of his time but he rarely provides it. He does not have to be everywhere.
He trains in February to win the Superbowl a year later. That is what we would call medium to long term thinking and that is what metrics allow us to do in supply chain. If we focus on a few, remove all the noise by ignoring the "nice to know", eliminate our natural FOMO (Fear of missing out) instincts, identify the critical outcome (spoken in the terms of a customer) and then relentlessly monitor and improve, we can be like Tom Brady and win a lot of supply chain super bowls.
I believe people get in trouble in three areas when they devise metrics:
They are inwardly focused and not from the view of a customer
The critical few are not separated out from the "nice to know"
They do not have one or two (no more) clear outcome metrics. Using our football analogy, think of the outcome metric as the score of the game. All the individual stats that are produced (proudly by AWS) during the game are just input or driving metrics. They only matter if they indicate and predict what the outcome of the game will be.
Finally, we learn from Tom Brady (and Bill Belichick, the coach of New England) that it is all about improving. You win the superbowl by winning one game at a time and not dwelling on the negatives. My favorite press conference was after New England got destroyed by Kansas City one year and at the post game presser all Belichick said was, "We are on to Cincinnati". Meaning, the game with KC is done, over, now it is about improving and winning the next game. (Patriots ended up beating Cincinnati 43-17 and went on to win the Super Bowl)
Too often people are looking at "rear view mirror" metrics so much that while they are constantly reviewing the metrics they forget to look in the windshield to see what is coming next (Cincinnati). Sometimes you have to just learn then move on. A critical few metrics, where you isolate and ignore all the noise, will ensure you do this.
In honor of Bill Belichick, below is the press conference I reference. (You will have to go to YouTube to see these)
Have a great week!
As an added bonus, if you want to have a lot of laughs, here is a montage of all his press conferences which are epic:
“I got a really big team. They need some really big rings. They need some really nice things.” Drake Chinese team Edward Gaming (EDG) are League of Legends (LoL) world champions – claiming the Summoner’s Cup by beating rivals DWG KIA for the organization’s first championship at Riot Games’ Worlds 2021. The final five game series took place in Reykjavik, Iceland and attracted over 4 million viewers outside […]
This is the final entry in a three part series. Click here to download the entire guide (PDF). Your brand can achieve icon status in esports and gaming through cultural branding. Where gamers value your product for what it means to their identity first, followed by its functional benefits. Cultural branding differs from the three main models prevalent in conventional marketing today – emotional, mindshare and viral (see […]
The 2020 roster will start Andrew “splotchylime” Kim, Aiden “Fate” Baker, Osher “blueboss452” Lerner, Nathan “SEVENNN” Wu, Lauren “astramin” Tang and Ian “KoalaTea” Anthoine. The tryouts featured surprise appearances from current and former professional Overwatch players. Read More…
