EOS - 6 Key Components Flashcards
What are the 6 Key Components of the EOS Model?
Vision, People, Data, Issues, Process, Traction
These components are essential for business success.
What is the purpose of a strong and clear vision in an organization?
To ensure everyone is on the same page regarding the organization’s direction and plans.
What are the eight questions an effective vision statement should answer?
- What are our core values?
- What is our core focus?
- What is our 10-year goal?
- What is our marketing strategy?
- What is our 3-year vision?
- What is our 1-year plan?
- What are our quarterly Rocks?
- What are the issues?
Why is having the right people important in the EOS Model?
You cannot achieve a great vision without great people.
What does ‘strength in the People component’ mean?
Having the right people aligned with core values and placing them in suitable positions.
What is the significance of tracking the right data in an organization?
It allows the organization to maintain an objective pulse on its health and make sound decisions.
What are the two main data components in the EOS Model?
- Company scorecard
- Measurables
What is the company scorecard?
5-15 weekly leading indicators that help teams keep a pulse on the business.
What are Measurables in the context of EOS?
Activities or results individuals must achieve weekly for overall success.
What are issues in the EOS Model?
Obstacles that hinder the organization from achieving its goals and vision.
What is the focus of the Issues component?
Identifying impactful issues, determining root problems, and solving them.
What role do core processes play in an organization?
They define how the organization is run and help systematize operations.
How many core processes should an organization typically identify?
6-10 core processes.
What does Traction refer to in the EOS Model?
An organization’s ability to execute plans, solve problems, and achieve goals.
What are Quarterly Rocks in the EOS Model?
Top priorities that must be accomplished within the quarter.
What is a Set Meeting Pulse?
A series of fixed meetings with defined purposes and prescribed agendas.
True or False: The EOS Model emphasizes the importance of routine tasks over significant priorities.
False.
Fill in the blank: Strength in the Traction component means having systems and practices to prioritize _______.
the highest value and most essential activities.
