Dr Patrick Liew’s Post

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Multi-Award Winning Global Entrevestor

Results! Results! Results! Our company is arguably the fastest to win the E50 Awards in the past 30 years, having achieved this in less than 3.5 years since its inception. The E50 Award is given to arguably the top 50 privately-owned companies, many of which subsequently become publicly listed. We developed what we call a “business-by-results” system to track the growth and achievements of our business. The logic is simple: If you do not know what you want, you will never achieve it. We also focus on measuring results. If you don’t measure your results, you can never achieve progress and success. There are essentially three levels of results: 1. Outputs Outputs are direct and short-term results produced or delivered by a business. They are quantifiable results achieved shortly after implementing an activity. Outputs should not be confused with activities. Busyness should never be associated with productivity. Outputs are usually presented as numbers and are typically linked to predetermined goals. For example, a confectionery may produce an output of 100 loaves of bread per day. 2. Outcomes Outcomes refer to the medium-term results of an activity, including changes or benefits for customers or the value that the business aims to create for the market. They are measurable, time-oriented, and directly linked to predetermined goals. Sometimes, it may take a while to evaluate the full effects of an outcome. Following the example above, the outcomes for the confectionery could be that sales were generated from 30 customers daily. 3. Impacts Impacts are the long-term or indirect effects of an outcome. They represent what the business ultimately hopes to achieve from an activity. Impacts may be challenging to achieve and may or may not materialize after an activity is implemented. Additionally, it may be difficult to measure the exclusive impact of an activity since several activities, which may be dissimilar in nature, can result in the same impact. In the case of the aforementioned confectionery, it may have generated predetermined sales, but these sales may not result in improved affection and loyalty from customers. It is important to remember that outputs, outcomes, and impacts are critical measurements for evaluating the strength, stability, and sustainability of a business. How do you craft, measure and track the results of your work and life? Follow me for more strategies on how to be happy, successful, and wealthy. Share my post to help others too. #business #investment #wealth #leadership #wellness #happiness #health #success #lifelonglearning #charity #brandbuildertalents #LinkedInFamily #LinkedInConnections #LinkedInCommunity #LinkedIn

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Amit Agrawal

OckyPocky 40M, CII AI Award || IGG $250M || Ex YouTube Head 0->100M || Tech Startups Evangelist 10X Velocity | Funding, Product, Scaling, Leadership | DM 'Rocketship' to get started 🚀 | IIM B, St Stephens

1w

This is a great breakdown of how measuring results at different levels—outputs, outcomes, and impacts—can truly guide a business toward sustained success. It's interesting how your company’s “business-by-results” system focuses on setting clear goals and tracking progress to reach long-term objectives.

Joanne FLINN

Sustainability and ESG for Business Results, Senior Accredited Company Director, NED

1w

Very practical Dr Patrick Liew, and I know these three metrics would also be well infused with your care and values for others

Junaid Zaman

Affiliate marketing ||Digital Marketing ||social media marketing and ||Let's connect grow together

1w

Amazing!

Nick Jonsson - Human Connection Mastermind

TEDx Speaker🎤 Leadership Development 💼 High-Performing Teams 🚀 PCC Master Coach 🎯Co-Founder #1 Peer-to-Peer Network 🤝 Connecting Teams & Workspaces🛠️ Author of Executive Loneliness📚 Ironman Athlete 🏊♂️🚴♂️🏃♂️

6d

Congrats Dr Patrick!

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