Here is a blog I found on Gates Foundation website, written by Bill Gates himself. Blog says it all about the power of measuring progress. I think progress is one of the greatest motivators for people. Not many companies provide their people with proper tools to measure the progress they make against their set goals!
In this blog, Mr Gates writes;
Over the holidays I read The Most Powerful Idea in the World, a brilliant chronicle by William Rosen of the many innovations it took to harness steam power. Among the most important were a new way to measure the energy output of engines and a micrometer dubbed the "Lord Chancellor," able to gauge tiny distances.
Such measuring tools, Rosen writes, allowed inventors to see if their incremental design changes led to the improvements-higher-quality parts, better performance, and less coal consumption-needed to build better engines. Innovations in steam power demonstrate a larger lesson: Without feedback from precise measurement, Rosen writes, invention is "doomed to be rare and erratic." With it, invention becomes "commonplace."
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