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September 20, 2007
Importance of Leading KPIs
Recently viewed an interesting webinar, "A CFO's Guide to Increase Profitable Growth and Shareholder Value"
One important advice given in the webinar is to stop looking at historical measures and start looking at leading KPIs (Key Performance Indicator).
You cannot do anything about the historical financial measures but by focusing on the leading indicators you gain good feel about what will happen in the future and have opportunities to take corrective initiatives if any of leading KPIs indicates RED.
If one does this consistently, he can increase profitable growth and shareholder value for his organization.
View the webinar at:
http://www.bettermanagement.com/attend.aspx?L=14520
Posted by William Cho at 10:45 AM | Comments (0)
September 1, 2007
Relevance Kills Data Tsunami
Managers receive 250 emails a day and many dozens of reports everyday. They are overwhelmed and this makes them simply frozen.
Solution: Relevance.
When Lou Gerstner took over the troubling IBM on April Fools' Day of 1993, he told his executives about his management philosophy - he manages by principles, not by procedures.
One major principle we, as BI professionals, need to keep in our mind in designing and implementing BI solution for our clients is relevance.
Relevance will save managers from indiscriminable data tsunami everyday.
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Posted by William Cho at 8:30 AM | Comments (0)
