Using Data to Drive Strategy: To lead with confidence and achieve sustainable growth, businesses must lean into data-driven decision-making. When harnessed correctly, data illuminates what’s working, uncovers untapped opportunities, and de-risks strategic choices. But using data to drive strategy isn’t about collecting every data point — it’s about asking the right questions and translating insights into action. Here’s how to make informed decisions using data as your strategic compass. 1. Start with Strategic Questions, Not Just Data: Too many teams gather data without a clear purpose. Flip the script. Begin with your business goals: What are we trying to achieve? What’s blocking growth? What do we need to understand to move forward? Align your data efforts around key decisions, not the other way around. 2. Define the Right KPIs: Key Performance Indicators (KPIs) should reflect both your objectives and your customer's journey. Well-defined KPIs serve as the dashboard for strategic navigation, ensuring you're not just busy but moving in the right direction. 3. Bring Together the Right Data Sources Strategic insights often live at the intersection of multiple data sets: Website analytics reveal user behavior. CRM data shows pipeline health and customer trends. Social listening exposes brand sentiment. Financial data validates profitability and ROI. Connecting these sources creates a full-funnel view that supports smarter, cross-functional decision-making. 4. Use Data to Pressure-Test Assumptions Even seasoned leaders can fall into the trap of confirmation bias. Let data challenge your assumptions. Think a campaign is performing? Dive into attribution metrics. Believe one channel drives more qualified leads? A/B test it. Feel your product positioning is clear? Review bounce rates and session times. Letting data “speak truth to power” leads to more objective, resilient strategies. 5. Visualize and Socialize Insights Data only becomes powerful when it drives alignment. Use dashboards, heatmaps, and story-driven visuals to communicate insights clearly and inspire action. Make data accessible across departments so strategy becomes a shared mission, not a siloed exercise. 6. Balance Data with Human Judgment Data informs. Leaders decide. While metrics provide clarity, real-world experience, context, and intuition still matter. Use data to sharpen instincts, not replace them. The best strategic decisions blend insight with empathy, analytics with agility. 7. Build a Culture of Curiosity Making data-driven decisions isn’t a one-time event — it’s a mindset. Encourage teams to ask questions, test hypotheses, and treat failure as learning. When curiosity is rewarded and insight is valued, strategy becomes dynamic and future-forward. Informed decisions aren't just more accurate — they’re more powerful. By embedding data into the fabric of your strategy, you empower your organization to move faster, think smarter, and grow with greater confidence.
Using Performance Metrics to Drive Business Growth
Explore top LinkedIn content from expert professionals.
Summary
Understanding and leveraging performance metrics is crucial for driving business growth. These metrics provide valuable insights into what’s working, what needs improvement, and how to align business strategies to achieve long-term success.
- Focus on relevant KPIs: Identify and track key performance indicators (KPIs) that are directly tied to your business objectives and customer journey to ensure progress aligns with your goals.
- Balance data with insight: While data offers clarity, combine it with real-world experience and intuition for well-rounded decision-making that addresses both numbers and human factors.
- Monitor leading indicators: Stay proactive by identifying early signals like customer retention trends, employee satisfaction, and operational efficiency to anticipate challenges and seize opportunities.
-
-
CMOs call marketing an engine for growth. CFOs call it a primary lever of enterprise value creation. One speaks in brand equity, customer acquisition, engagement, and monetization. The other speaks in margins and profitability. When these departments don’t align, ↳ Investments get slashed, ↳ Performance stalls, ↳ Growth suffers. But when marketing and finance work with UNIFIED language and data. Companies make smarter investments. Here are four key metrics that help CMOs and CFOs speak the same language: 1. Customer Acquisition Cost (CAC) Formula: Total marketing spend ÷ New customers acquired CFOs ask, “How much are we spending per new customer? Can we lower it?” CMOs ask, “Which channels bring most efficiency, can we shift our budget?” CFOs want cost control, CMOs want better-performing channels. ↳ Tracking CAC aligns both executives. 2. Customer Lifetime Value (LTV) Formula: (Avg. Purchase Value × Purchase Frequency × Margin Rate × Activity Rate) CFOs ask, “Are we making enough long-term revenue to justify CAC?” CMOs ask, “Should we increase LTV through engagement or monetization?” A CFO sees it as profitability over time, A CMO sees opportunities. ↳ Higher LTV justifies marketing investment. 3. Cash Payback Period Formula: CAC ÷ Gross Margin per Customer per Month CEOs ask, “How long before we earn back what we spent?” CMOs ask, “Which channels pay back fastest?” CFOs want liquidity, CMOs want reinvestment speed. ↳ A shorter payback period means faster growth cycles and less financial risk. 4. LTV:CAC Formula: Customer Lifetime Value ÷ Customer Acquisition Cost. CFOs ask: "Our financial plan requires a 3x ROI in 3 years-can you deliver?" CMOs ask: "Should I optimize for faster payback or a 3-year LTV:CAC target?" CFOs want financial justification, CMOs want strategic growth. ↳ A shared LTV:CAC view aligns investment decisions. CFOs and CMOs don’t need to agree on everything, but they do need to align on the data that drives GROWTH. Start with blended performance, Then look at leading indicators for Paid. The last thing you want is debating attribution with a CEO or investor, When you're not even aligned on the core metrics above. Don't manage marketing as an expense, Manage it as an investment. Track the right numbers, speak the same language, and watch your business grow. Which of these metrics does your company focus on the most? Drop a comment below. * * * I talk about the real mechanics of growth, data, and execution. If that’s what you care about, let’s connect.
-
"The numbers that almost Killed us" Tuesday morning. A $40M company's board meeting. Revenue charts pointing up. Margins look solid. Customer acquisition costs are stable. 'We're crushing it,' the CEO announced proudly. Friday afternoon. Their biggest client left. Two VPs resigned. And nobody saw it coming. This isn't fiction. This was a client's company last year. They were tracking every metric in the book - except the ones that mattered. Their painful lesson about metrics: The most dangerous numbers are the ones that make you feel safe. Consider these fallen giants: ✅ Blockbuster had great revenue numbers right until Netflix won ✅ Nokia dominated market share until the iPhone launched ✅ Circuit City's margins looked solid before their collapse Like them, this company was tracking lagging indicators - measurements of what already happened. They missed the leading indicators - signals of what's about to happen. The Metrics That Actually Matter: 1) The Whispers ✅ Employee referral rates dropping ✅ Time to fill key positions increasing ✅ Internal promotion rates falling 2) The Canaries ✅ Customer contact frequency changes ✅ Support ticket sentiment shifts ✅ Payment timing variations 3) The Undercurrents ✅ Process exception rates ✅ Decision cycle lengths ✅ Cross-department collaboration scores Today, that same CEO has a different approach. Revenue still matters, but it's not the only story. His team tracks the quiet signals that precede problems: ✅ Meeting attendance patterns ✅ Email response times ✅ Customer engagement depth Team collaboration metrics The result? They're not just monitoring performance. They're predicting it. Your KPIs tell you where you've been. These metrics tell you where you're going. What keeps you up at night might not show up in your dashboard, but it's trying to tell you something. Are you listening? #Leadership #BusinessStrategy #Growth
-
This small shift in our finances helped us scale past $50K/month. We stopped focusing on revenue. And started tracking the right numbers: 1. Gross profit. Because revenue is a vanity metric if your costs are eating all your margins. We focused on delivering our services in the most efficient way possible. 2. Net profit. More revenue without margins is working harder for the same outcome. We got obsessive about efficiency: Cutting unnecessary software costs Negotiating better deals And streamlining operations To increase what we actually add to the bank every month. 3. Churn rate. It’s easy to celebrate new sales. But if customers are leaving just as fast, you're running on a treadmill. We optimized retention before acquisition. 4. LTV. Scaling without understanding customer lifetime value is a dangerous game. Once we figured out exactly how much a client was worth over time, we knew how much we could afford to acquire them. 5. LTV to Acquisition Cost Ratio. The simplest way to tell if your business is scalable. If you're paying more to acquire customers than they’re worth over time, you're in trouble. We optimized this ratio to make sure every dollar spent on growth actually paid off. You usually want to have a ratio of 3:1 of LTV/CAC. These five numbers moved us from "How much did we make this month?" to "How much will this business be worth in three years?" Most founders don’t track these. Don’t make that mistake. Track the right numbers. Make better decisions. Your growth depends on it. What’s the one metric you obsess over in your business? 👇 PS: Fuelfinance has been the best partner to help with our finances.
-
The average partnerships team is leaving over 30% of their revenue potential on the table. Here’s the problem (and how one new metric can help you fix it): PROBLEM: The average partner manager: - Is managing 50 to 100 partners - Only knows core performance metrics on the top 20% of them - Spends 90%+ of their “relationship” time with these top 10-20 partners - Spends <10% of their time on the other 80% of their partners That’s why 20% of your partners are driving 80% of your partner revenue. It’s not because that other 80% of your partners are a bad fit. It’s not because you’ve squeezed all of the value out of those relationships. Most of them are probably a good fit. And it's likely they do have additional value to provide. But... they’re not getting enough attention (engagement, enablement, or value). HERE'S THE SOLUTION: Partner Health Scores. An objective scorecard, based on key metrics, that measures the health of each partnership. This could be based off of leads, deals, revenue, engagement, certifications, etc. Whatever metrics are relevant, and valuable, to your business and partners. This can be a game changer. HOW TO DO IT: 1. Determine what you consider to be a healthy partnership. 2. Create a scorecard based off of these metrics. 3. Score all of your partners. 4. Re-allocate resources. You may find that your partner managers are spending their time with the wrong partners. Partners that are doing great and don’t need as much attention. Partners that have not (and likely will not) produce despite getting lots of attention. Partners that have a lot of potential but have not been getting enough attention. And some partners that are just a bad fit. But there’s no way to determine this without an objective scorecard. HERE'S THE OUTCOME: Partner managers will optimize their time and maximize their relationships (read: MORE REVENUE). Partner executives will have a more accurate view into their team’s portfolios (read: BETTER MANAGEMENT). C-suite executives will love the data driven approach (read: STRONGER ALIGNMENT). P.S. Partner Health Scores can be a lot of work to manage and update. Luckily, EULER has custom Partner Health Scores built right into the platform. We show you the health of ALL of your partners, in REAL time, ANYTIME. DM me to find out more.