How do you measure the value of your co-created work?

Clear Objectives and Outcomes: Start by setting clear objectives and desired outcomes for the co-creation project. What are you trying to achieve? Defining these from the beginning provides a basis for measurement. Key Performance Indicators (KPIs): Identify specific KPIs that are relevant to your co-creation project. These might include things like revenue generated, cost savings, customer satisfaction, or improved efficiency. Surveys and Feedback: Collect feedback from stakeholders involved in the co-creation process. This can help assess the perceived value of the work, identify areas for improvement, and gauge satisfaction.

Defining your purpose and goals is the foundation of measuring value. It clarifies what you aim to achieve through co-creation, making it easier to assess success. Clearly communicate your shared objectives with co-creators and stakeholders. Ensure everyone understands the purpose and expected outcomes of the co-created work. Establish specific, measurable, achievable, relevant, and time-bound (SMART) goals. This provides a clear framework for evaluation. Setting clear goals and purpose aligns all parties involved and provides a benchmark for measurement.

Inspiration. This is the first. Start there. Not with goals, or KPIs or any of that. What inspires you most? What inspires others around you most? What inspires you about your future? Build on that. This is the key to setting the foundation for meaningful themes and goals.

Selecting the right methods and indicators is crucial to track progress and evaluate the value of your co-created work. Use a combination of quantitative data (e.g., metrics, surveys) and qualitative data (e.g., feedback, testimonials) to capture a comprehensive view of value. Identify KPIs that directly relate to your defined goals. These indicators should be reliable measures of success. Compare your co-created work to industry standards or past performance to gauge its value. Effective measurement requires a balanced mix of quantitative and qualitative data, I have found that just by being open to listening to others and implementing the same can bring likeability in your creation. I hope you it helps you, do let me know. Thank you!

The best measure of co-creative work is this: How do I feel every day in my work life? If it sucks, if it feels draining or tiring, or toxic, something's not right. It's time to step back. Co-creative work can be hard, but it's always joy.

Involving co-creators and stakeholders in the measurement process fosters a sense of ownership and shared accountability for the value created. Establish regular feedback mechanisms to collect insights from all parties involved. Encourage open and honest communication. Review and analyze the measurement data together. Allow co-creators and stakeholders to contribute their perspectives and insights. Based on the feedback and analysis, make necessary adjustments to optimize the value of the co-created work. Co-creators and stakeholders play an active role in assessing and enhancing the value of collaborative efforts. Please feel free to connect and reach out, we are open to collaborate. Thank you!

Build a fellowship of adventurers. People you admire, you want to work with, that you love to work with (think Warren Buffett and Charlie Munger). And get to work. Dream together. Set shared goals together. Build together.

Balancing costs and benefits is vital for assessing the overall value proposition of co-created work. Compare the investment in terms of time, resources, and effort against the realized benefits and outcomes. Consider the long-term implications of the co-created work, as some benefits may take time to fully materialize. Maintain transparency with all parties involved regarding the cost-benefit analysis. Honest and open communication builds trust. Ensuring that the benefits outweigh the costs is a fundamental aspect of measuring value in co-created work. Please remember overall the one who gives more eventually gets more. Do you agree, let me know. Thank you!

Be clear about your focus. Be exact about what you're going after together. Set cross-staff meetings to be transparent and share, share, share. Then take ownership, and bring it all to life.

Adaptability (with others) is the ultimate superpower for unlocking the future. Like river rafting, charting the waters of AI, economic headwinds, or whatever we face, can be brutal. We have to stay eyes wide open, and work together through all the storms.