Truckload Carriers Association (TCA)’s Post

#levelup Goodhart’s Law: When a Measure Becomes a Target In the world of metrics and measurements, Goodhart’s Law offers a critical caution: “When a measure becomes a target, it ceases to be a good measure.” Originally articulated by economist Charles Goodhart, this principle highlights a common pitfall in both business and policy-making—over-relying on specific metrics can lead to gaming the system, often at the expense of broader goals. As we strive to harness data for better decision-making, it’s crucial to remember that metrics should guide, not define, our strategies. Misalignment between what we measure and what we value can lead to distorted behaviors and outcomes. So, how can we avoid falling into the Goodhart’s trap? The key lies in using a balanced scorecard approach, incorporating a diverse set of metrics that reflect all aspects of business health, and continually reassessing which metrics best align with our evolving objectives. Leaders, teams, and organizations, let’s challenge ourselves to think beyond the numbers and focus on the true indicators of success. What are your thoughts on setting and evaluating effective metrics without getting caught in the Goodhart’s Law dilemma? #BusinessStrategy #Leadership #Metrics #GoodhartsLaw #DataDrivenDecisionMaking Feel free to share your insights and experiences in comments.

𝗛𝗲𝗿𝗲'𝘀 𝗮 𝗾𝘂𝗲𝘀𝘁𝗶𝗼𝗻 𝘄𝗲 𝗵𝗲𝗮𝗿 𝗼𝗳𝘁𝗲𝗻 𝗳𝗿𝗼𝗺 𝗰𝗼𝗺𝗽𝗮𝗻𝘆 𝗹𝗲𝗮𝗱𝗲𝗿𝘀: "𝘞𝘦 𝘩𝘢𝘷𝘦 𝘢𝘯 𝘪𝘯𝘵𝘦𝘳𝘯𝘢𝘭 𝘖𝘱𝘴 𝘵𝘦𝘢𝘮. 𝘛𝘩𝘦𝘺 𝘬𝘦𝘦𝘱 𝘶𝘴 𝘨𝘰𝘪𝘯𝘨 𝘦𝘷𝘦𝘳𝘺 𝘥𝘢𝘺, 𝘱𝘶𝘵 𝘰𝘶𝘵 𝘧𝘪𝘳𝘦𝘴, 𝘰𝘯𝘣𝘰𝘢𝘳𝘥...𝘺𝘰𝘶 𝘯𝘢𝘮𝘦 𝘪𝘵. 𝘉𝘶𝘵 𝘸𝘦 𝘯𝘦𝘦𝘥 𝘮𝘰𝘳𝘦. 𝘏𝘰𝘸 𝘥𝘰 𝘸𝘦 𝘨𝘦𝘵 𝘵𝘩𝘦𝘮 𝘵𝘰 𝘤𝘰𝘯𝘵𝘪𝘯𝘶𝘰𝘶𝘴𝘭𝘺 𝘪𝘥𝘦𝘯𝘵𝘪𝘧𝘺 𝘢𝘯𝘥 𝘭𝘦𝘢𝘯 𝘰𝘶𝘵 𝘪𝘯𝘦𝘧𝘧𝘪𝘤𝘪𝘦𝘯𝘤𝘪𝘦𝘴 𝘰𝘯 𝘵𝘩𝘦𝘪𝘳 𝘰𝘸𝘯?" The first questions I need answered before I can advise are... 1. Does the current team have the time and resources? 2. Do they have the knowledge and skills to execute this? The good news is that Lakehurst Consulting, LLC can help no matter what those answers are! We can lean out your manufacturing operations by identifying inefficiencies and harnessing the brainpower of those closest to the work to improve throughput and reduce costs. Together, we'll change the trajectory of your business by utilizing structured problem-solving tools to eliminate or mitigate process steps that result in increased costs and waste time. What's the best fit for your business? Let's talk. #lakehurstconsulting #danpinkham #sixsigma #lean

CW2024 leadership panel on navigating scrutiny, prep for more change LINK: https://lnkd.in/e4EDmFmF #ConsultingIssues #TheDailyConsultant #Strategy #Innovation #Leadership #Management #Business #Operations #Advisory #Finance #Project #Policy #Process #Technology

I love when my current studies are visible in current politics; Lean manufacturing and Six Sigma principles are fundamental in modern manufacturing practices. As a prominent figure in the manufacturing sector, I not only take a keen interest in these principles but also implement them in practice. Recently, as a delegate representing my precinct, I had the opportunity to attend a debate on the topic of leadership, particularly focusing on supply chain expertise. One candidate stood out significantly in her understanding and application of these principles – Emily Lockhart. Lockhart, a proven supply chain expert, demonstrated remarkable clarity and confidence in her responses during the debate. Unlike others, her answers were devoid of speculation or hesitation, drawing instead from her own playbook – a testament to her expertise. It was evident that she possessed a deep understanding of lean manufacturing and Six Sigma strategies, especially in addressing critical issues such as traffic management. What impressed me the most was Lockhart's composure and ability to articulate her ideas without boasting. She exuded a sense of authority grounded in merit, making it clear that she not only had the capability to fulfill her duties but also possessed the vision to drive meaningful change. Her approach was not about pandering to popular opinions but rather about implementing effective solutions based on proven methodologies. In my opinion, Lockhart is not just a candidate to listen to but also to follow. Her trusted position as a coach and leader makes her an invaluable asset, not only at the state level but also at the federal and county levels. She embodies the principles of lean manufacturing and Six Sigma, offering a roadmap for progress rather than chasing mythical treasures. As we look towards the future, Lockhart represents the type of leadership our state needs – one rooted in expertise, integrity, and a commitment to tangible results. #lean #supplychain #senate #emilylockhart #lockhartforutah

I am Happy to announce that I've achieved the 𝐒𝐢𝐱 𝐒𝐢𝐠𝐦𝐚 𝐁𝐥𝐚𝐜𝐤 𝐁𝐞𝐥𝐭 𝐂𝐞𝐫𝐭𝐢𝐟𝐢𝐜𝐚𝐭𝐢𝐨𝐧 from 𝐑𝐓𝐈𝐀𝐂. This journey refined my skills in streamlining the processes, optimizing efficiency, and leading improvement initiatives – all crucial for navigating today's dynamic business landscape.  #blackbelt #operations #supplychain #excellence #neverstoplearning

CW2024 leadership panel on navigating scrutiny, prep for more change LINK: https://lnkd.in/ezvsZTvK #ConsultingIssues #TheDailyConsultant #Strategy #Innovation #Leadership #Management #Business #Operations #Advisory #Finance #Project #Policy #Process #Technology

Everyone have a safe and wonderful Easter weekend! What are your thoughts? Add your comments below. Helping companies grow and scale! #manufacturing #bluecollar #leadingwithlean #leanthinking #leanleadership

A leader never stops learning. Continuous learning provides leaders with the knowledge and insights necessary for informed decision-making. It helps them anticipate: - Anticipate trends. - Assess risks - And make strategic choices #uklaw #solicitorsuk #lawfirm

Building Trust: The Law of Solid Ground John Maxwell's "21 Irrefutable Laws of Leadership" brings to light many invaluable principles, and the Law of Solid Ground is particularly pivotal. It teaches that trust is the foundation of leadership. This law emphasizes the importance of trustworthiness and integrity in a leader’s journey, akin to standing on solid ground. In my own leadership experiences, I've come to realize that trust is not a given; it's earned. It's built through consistent actions, truthfulness, and reliability. This law resonates with me because it underlines that a leader's potential is limited without the foundation of trust. No matter how visionary or charismatic one is, without trust, their leadership stands on shaky ground. The Law of Solid Ground has shaped my approach to leadership. It's a reminder that every decision, every interaction, and every commitment is an opportunity to build or erode trust. Leaders must be mindful of their actions and their words, ensuring they align with ethical principles and the promises made to their team and stakeholders. Leadership, in essence, is a relationship built on trust. By adhering to the Law of Solid Ground, we can lead with integrity, foster strong relationships, and create an environment where everyone feels secure to grow and innovate. https://lnkd.in/gKZ4GbkU Josh Hannaberry, Dave Elniski, MA, CTSP, CRSP, ATCL, Chad Albert, Cliff Litke, Michelle Spacil, Alberta Motor Transport Association, Jason Donkersgoed, MA (Leadership), CEC, ACC, CPHR Alberta, #StrategicLeadership #PlanningForSuccess #NavigatingChallenges #LeadershipInsights #LawOfSolidGround #JohnMaxwell #Empowerment #LeadershipGoals #PositiveInfluence #LeadershipJourney #LawOfInfluence #JohnMaxwell #trucking #Humanresouces #Management #leadership

Recent surveys from the ISM, Duke University and others show corporate attitudes getting closer to the “normal” we knew before COVID arrived. #manufacturingplant #workplacesafety #warehouselabor #warehousesafety #distributioncenter #forklifttelematics #forkliftsafety #forklifts #materialhandling #materialtelematics #powerfleet #materialhandlingsolutions #warehouse #materialhandlingequipment #supplychainsolutions #manufacturingindustry #oshacompliance #automotivemanufacturing #industryweek #leanmanufacturing #logisticssolutions #forkliftaction #modernmaterialhandling #mixtelematics #manufacturingleadership #esh