Power Productivity with New Features in Profit.co:
Classification of Key Results tab: Users can now group the key results in a list view based on the time period and completion status. They can view their past/future key results in a single view for the objectives created annually. This classification enables employees to save time while navigating their past and future key results.
Settings Menu Consolidation: Users can create Reports and access Dashboards in the Performance Module through the consolidated settings menu.
Goals Menu Consolidation: Profit.co has now consolidated the Settings for Goals, Approval flows & customization of Master Layout in the Performance Module.
Review templates: Users can now configure Review Templates in Performance Review. This feature enables users to customize and create review templates for performance reviews based on their organizational needs.
Add assigned KRs to other objectives: Users can now add the assigned key results to other relevant objectives. When the key results can contribute to the objective that you are already working on, this feature lets you add the assigned key results to the objective by contributing to both objectives parallelly.
Committed OKRs are ambitious goals that must be achieved within a specific period. Aspirational goals set the bar higher, exceeding your team’s capability to achieve particular goals within a given period. Learn the difference and its importance from this Profit.co article What Are Committed and Aspirational OKRs?
Anchoring bias is a heuristic or mental shortcut that relies on the first information you receive about a topic. This initial information serves as the basis or anchor for making choices, independent of subsequent information. This article examines anchoring bias using real-world examples and offers tips for avoiding them and making better decisions. How Does Anchoring Bias Affect Decision-Making?
Bounded rationality leads to suboptimal decisions when we make decisions based on limited information. Learn about bounded rationality with everyday examples, the psychology behind it, and how it affects your decision-making in this Profit.co article. Bounded Rationality and How to Justify Your Decisions?
The sunk cost fallacy is our habit of pushing the projects we invest in even when the disadvantages outweigh the advantages.This article explains sunk cost fallacy with real-life examples, the cognitive bias behind business decision-making, and the psychology behind sunk cost fallacy. Sunk Cost Fallacy and Failing Initiatives
Discover how the Barnum effect subconsciously impacts our everyday lives with some suitable examples and the basic human need to believe in positive traits about ourselves. Read all about it in this article, The Psychological Reasoning Behind Barnum Effect.
Confirmation Bias is the tendency of people to look for information that supports their pre-existing beliefs, cherry-pick data and facts to suit their narrative, and interpret and selectively remember information in a way that confirms their assumptions. Discover how Confirmation bias influences everyday decisions. What is Confirmation Bias and How Does it Work?
Get to know about how confirmation bias arises from the representativeness heuristic bias, and how to overcome its impact on corporate decision-making, using a suitable example. Read this article Representativeness Heuristic and Decision-Making to know more about it.
A Pareto chart is a statistical tool based on the 80-20 rule, used in project management and quality control to identify and prioritize problems and opportunities. Profit co tells about What is a Pareto chart? How to Create One? with its advantages and disadvantages.
The annual contract value is an essential SaaS metric that helps to benchmark new contracts, identify opportunities, evaluate performance, allocating sales, and marketing resources. Check out this article from Profit.co to learn more about Annual Contract Value and what they mean. Annual Contract Value and its Importance for a SaaS Business
The influence of the design of the digital world on business decisions can no longer be ignored. The user experience (UX) plays a vital role today in the growth of any business in any industry. Learn how you can leverage the one chance to impress your users by using 10 Great OKR Examples For Design Teams to capture the user’s imagination with your unique user interface. You not only leave a lasting impression but also attract and retain customers for all the right reasons.
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