How About Those Leading Indicators? Do You Have an Early Warning System?

June 22, 2009 from Business Finance – “How well have you advised your organization on developing leading indicators to provide an early warning system for your board and executive and management teams? Are you still managing off the financials or lagging indicators? By the time the books close 10, 15, 20, 25 days after month’s end, the impacts of yesterday’s decisions are already being felt. Wouldn’t you want to get ahead of the curve to know with some degree of certainty what is coming? Of course, we all do.

180 View – The article does not get into any detail but reminds us of the importance of leading indicators. When developing Key Performance Indicators, make sure you have a mix of both leading and lagging indicators.