What is an MBR meeting?
Let us start with the complete form of this word, before going into the details.
MBR Meeting: Monthly Business Review Meeting
Similar to MBR there are Weekly and Quarterly meetings.
WBR Meeting: Weekly Business Review Meeting
QBR Meeting: Quarterly Business Review Meeting
These meetings are famed mechanisms used within Amazon.
A mechanism is a process that converts inputs into desired outputs on an ongoing basis.
Mechanisms allow us to learn and improve from mistakes/defects, enable scalable process-based solutions, and prevent institutional knowledge through documentation.
The three components of a mechanism are the tool, the adoption, and the inspection.
- The tool transforms inputs to outputs,
- the adoption sets incentives for stakeholders
- the inspection ensures continuous delivery of desired outputs.
For example in MBR meetings:
- Inputs include monthly meetings, attendance from team members, and key performance indicators from the business.
- The output is a cadence for monitoring goal progress.
Running an MBR Meeting
- Let the advisors review the metrics (5 min)
- MBR Owner provides an oral interpretation of data (5 min)
- MBR Owner provides suggests several "experiments" to the CEO based on data. (10 minutes)
- CEO approves, MBR Owner executes (1 minute)
Tips for MBR
- MBR requires Monthly participation and analysis
- If you are in charge of the metrics, show metrics that help others make decisions and draw conclusions, not you.
- Use the below MBR template
- Have some hypotheses about the monthly metrics, especially for dips and peaks.
- KPIs and data should be small enough to fit in a single Excel on a mobile phone in a normal font
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