Output metrics

Examples of Output metrics in the following topics:

• Building a better future

  • The average LEED-certified building uses 32% less electricity, consumes 30%–50% less energy, draws 40% less potable water, enjoys a 70% savings on waste output, and saves 350 metric tons of carbon emissions every year.

• Marketing Performance Metrics

  • Marketing metrics are numeric data that allow marketers to evaluate their performance against organizational goals.
  • By collecting and analyzing marketing metrics, brands can build their marketing performance in the following ways:
  • The purpose of metrics such as ROMI is to measure the degree to which marketing spending contributes to profits.
  • There are two forms of the ROMI metric: short-term ROMI and long-term ROMI.
  • Short-term ROMI measures revenue such as market share, contribution margin or other desired outputs for every marketing dollar spent.

• Calculating GDP

  • GDP can be calculated through the expenditures, income, or output approach.
  • The output approach is also called "net product" or "value added" method.
  • Deducting intermediate consumption from gross value to obtain the net value of domestic output.
  • Net value added = Gross value of output – Value of intermediate consumption.
  • The metric is one method of understanding economic growth within a country's borders.

• Profit

  • The purpose of profit-based sales target metrics is to ensure that marketing and sales objectives mesh with profit targets.
  • The profit maximizing output is the one at which this difference reaches its maximum.
  • This output level is also the one at which the total profit curve is at its maximum.
  • If, contrary to what is assumed in the graph, the firm is not a perfect competitor in the output market, the price to sell the product at can be read off the demand curve at the firm's optimal quantity of output.
  • Recall formulas for calculating profit maximizing output quantity and marginal profit

• Learning from GDP

  • GDP is a measure of national income and output that can be used as a comparison tool.
  • Over time GDP has become the standard metric used in national income reporting and most national income reporting and country comparisons are conducted using GDP.
  • The output approach focuses on finding the total output of a nation by directly finding the total value of all goods and services a nation produces.
  • The expenditure approach is basically an output accounting method.
  • The basic formula for domestic output takes all the different areas in which money is spent within the region, and then combines them to find the total output .

• The Importance of Motivation

  • Motivating employees can lead to increased productivity and allow an organization to achieve higher levels of output.
  • But empirically measuring that role is another matter; it is challenging to capture an individual's drive in quantitative metrics in order to ascertain the degree to which higher motivation is responsible for higher productivity.
  • The management of motivation is therefore a critical element of success in any business; with an increase in productivity, an organization can achieve higher levels of output.
  • In fact, the output of employees whose motivation comes solely from salary and benefits tends to decline over time.

• Measuring Productivity

  • Productivity is represented by production functions, and is the amount of output that can be generated from a set of inputs.
  • Productivity, in economic terms, measures inputs and outputs to derive overall production efficiency within a system.
  • Increased productivity means more output is produced from the same amount of inputs.
  • Understanding the way in which productivity metrics function, one can more comprehensively grasp the concept and employ it in a meaningful way.
  • In this circumstance 'Q' is the quantity of output while each 'x' is a factor input.

• Service Marketing Management and Metrics

  • Service marketing management oversees the implementation of marketing programs, while metrics measure their effectiveness and performance.
  • Marketing management employs a variety of metrics to measure progress against objectives.
  • The marketing metrics continuum, shown here , provides a good framework for categorizing metrics.
  • The Marketing Metrics Continuum provides a framework for categorizing metrics from the tactical to strategic.
  • By navigating this metrics continuum, from Activity-Based to Predictive, marketers can move towards more effective marketing measurement and align measurement and metrics with business outcomes.

• Measuring Organizational Performance

  • Developing performance metrics usually follows a process of:
  • For organizational information, the focus is on the outcomes of the agency's performance, but input, output, process, and benchmark factors are important as well in creating a comparative framework for analysis.
  • While there are a wide variety of perspectives on controlling performance, each more or less appropriate depending on the objectives and industry of the organization, a few key metrics exist.

• Fixed Costs

  • In a survey of nearly 200 senior marketing managers, 60% responded that they found the "variable and fixed costs" metric very useful .
  • Average fixed cost (AFC) is an economics term that refers to fixed costs of production (FC) divided by the quantity (Q) of output produced .
  • Average fixed cost is a per-unit-of-output measure of fixed costs.
  • As the total number of goods produced increases, the average fixed cost decreases because the same amount of fixed costs is being spread over a larger number of units of output.