The QDM Principle 'Measure, Measure, Measure' focuses on measuring what aspects?

The principle 'Measure, Measure, Measure' within Quality Driven Management emphasizes the importance of assessing both the successes and failures within a process, as well as variations that may impact overall performance. This triad of focus is crucial because it allows organizations to gain a comprehensive understanding of their operations.

By measuring failures, organizations can identify areas where processes are not functioning optimally, providing insights into what needs improvement. Measuring variations is equally important, as it highlights inconsistencies that may disrupt quality and efficiency. Finally, understanding successes helps organizations replicate effective practices across different areas.

This principle fosters a data-driven approach to management, enabling leaders to make informed decisions based on concrete evidence rather than assumptions. It ultimately drives continuous improvement, as organizations can pinpoint their strengths and weaknesses through detailed analysis.

The other options focus on individual aspects like profitability, costs, or speed but do not encompass the broad spectrum of evaluations that 'Measure, Measure, Measure' advocates.