What is a Hybrid Metric?

A hybrid metric is a combination of two or more metrics that are used to measure a specific business objective. Hybrid metrics are often used to provide a more holistic view of performance than traditional metrics, which can be too narrow in focus.

For example, a company might use a hybrid metric to measure the effectiveness of its marketing campaigns. This metric could combine data on website traffic, lead generation, and sales to provide a more complete picture of how the campaigns are performing.

Hybrid metrics can be used to track a wide range of business objectives, including customer satisfaction, employee engagement, and financial performance. By using hybrid metrics, businesses can get a better understanding of how their various initiatives are impacting their overall performance.

Here are some of the benefits of using hybrid metrics:

  • They provide a more holistic view of performance. Traditional metrics can be too narrow in focus and can miss important insights into how a business is performing. Hybrid metrics can provide a more complete picture by combining data from multiple sources.
  • They can help to identify areas for improvement. By tracking multiple metrics, businesses can identify areas where they are performing well and areas where they need to improve. This information can be used to make strategic decisions about how to allocate resources and improve performance.
  • They can help to improve communication with stakeholders. By using hybrid metrics, businesses can communicate their performance in a more comprehensive and persuasive way to stakeholders, such as investors, customers, and employees.
  • If you are looking for a way to get a better understanding of your business performance, hybrid metrics can be a valuable tool. By combining data from multiple sources, hybrid metrics can provide a more holistic view of performance and help you to identify areas for improvement.

    Here are some examples of hybrid metrics:

  • Customer satisfaction score: This metric combines data on customer surveys, social media engagement, and customer churn to measure how satisfied customers are with a company’s products or services.
  • Employee engagement score: This metric combines data on employee surveys, attendance, and turnover to measure how engaged employees are with their work.
  • Financial performance: This metric combines data on revenue, expenses, and profit to measure the financial performance of a company.
  • Improve decision-making: Hybrid metrics can provide more information than traditional metrics, which can help businesses make better decisions. For example, a hybrid metric for customer satisfaction can help businesses identify which areas of their customer experience need improvement.
  • Improve performance: Hybrid metrics can help businesses track their progress over time and identify areas where they can improve. For example, a hybrid metric for customer satisfaction can help businesses track their customer satisfaction scores over time and identify areas where they can improve their customer experience.
  • Make it easier to compare different entities: Hybrid metrics can make it easier to compare different entities, such as different businesses or different products. For example, a hybrid metric for customer satisfaction can be used to compare the customer satisfaction of different businesses.
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    Hybrid metrics can be used to track a wide range of business objectives, and the specific metrics that are used will vary depending on the specific objectives of the business. However, by combining data from multiple sources, hybrid metrics can provide a more holistic view of performance and help businesses to identify areas for improvement.

    And visualizing Hybrid Metric is another topic that helps to share and discuss values from a more holistic point of view.

    See here „https://hybrid-metrics.com/

    Hybrid Reporting

    Wenn Sie von ESG, von „immateriellen Gütern“, von „double-materiality“ mit ihren ’nicht-monetären‘ Werteindikatoren gehört haben, sollten Sie sich das „Hybrid Reporting“ näher anschauen.
    „Hybrid Reporting“ erweitert das klassisch „sequenzielle Reporting“ und zeigt gleichzeitig monetäre und/oder nicht-monetäre KPIs simultan in der Form von Vektoren an.
    So wird es möglich, mehrere Wertedimensionen in die Diskussion einzubringen – in der Entscheidungsfindung alle Werte in der Visualisierung simultan zu sehen und gemeinsam zu gewichten. So erreichen Sie eine echte Wertediskussion – und nicht einen Streit ums Budget.

    Beispiele und weiterführende Anregungen finden Sie auf https://HybridReporting.com

    Beispiel für Double Materiality

    If you have heard of ESG, of „intangibles“, of „double-materiality“ with its ’non-monetary‘ value indicators, you should take a closer look at „Hybrid Reporting“.
    „Hybrid Reporting“ extends the classic „sequential reporting“ and simultaneously displays monetary and/or non-monetary KPIs in the form of vectors.
    This makes it possible to bring several value dimensions into the discussion – to see all values simultaneously in the visualization and to weight them together in the decision-making process. In this way, you achieve a genuine discussion of values – and not an argument about the budget.
    For examples and further suggestions, visit HybridReporting.com

    Metrics are key – read Bill’s Annual Letter

    He is rights. And we are a step ahead. We have the next Gen metrics solution.
    Documented in the „Business Engineering Systems“.
    The metric system for economic valuation had to be reinvented.
    New system is already here. And it’s vector based. That allows to combine even monetary with non-monetary value indicators.
    Gives tons of new insights, business options, transparency in (business) valuation….
    for a more sustainable development.
    Read Bill’s letter about the importance and contact us for the better solution.

    Next BI-Generation – Vector basierte Werte-Visualisierung

    Lineare Kennzahlen wie Kosten, Preise im Zusammenhang richtig zu interpretieren stellt hohe Anforderungen. Die Erkenntnisse daraus zu kommunizieren und in die Entscheidungsfindung einzubringen noch mehr.
    Die bekannten Darstellungen aus dem BI-Instrumentarium sind zwar hilfreich bei der Darstellung von „eindimensionale“ Indikatoren. Zusammenhänge können sie aber nicht zeigen.
    Eine Entwicklung aus den „Business Engineering Systemen“ ermöglicht es jetzt, Kennzahlen von zwei „Systemen“ im Zusammenhang abzubilden und neue Erkenntnisse sofort sichtbar zu machen.
    Hier am Beispiel von zwei croiseo.com Tabletts. Apple iPad mini und Samsung Galaxy Note 10.1
    Auch wenn die beiden Tabletts unterschiedliche Endpreise haben, wird durch die unterschiedliche Neigung der Vektoren in den Rechtecken sofort ersichtlich, welcher der beiden Anbieter bei welchen Cluster/Eigenschaften besser oder schlechter performt.

    Weitere Informationen sind in den Excels, die über die Links herunter geladen werden können.
    Beide Achsen in $: http://bengin.net/dl12/10_apple_vs_samsung_box_absolut_e.xlsx
    Beide Achsen in %: http://bengin.net/dl12/10_apple_vs_samsung_box_percentage_e.xlsx
    Reine Vektordarstellung ohne Rechtecke: http://bengin.net/dl12/16_apple_vs_samsung_vector_only_e.xlsx

    apple vs samsung