“You can’t manage what you can’t measure.” “What gets measured, gets done.” Those are two complimentary management axioms, and they both happen to be true. Take the first, “You can’t manage what you can’t measure.” It’s pretty hard to argue with that. For instance, how could we manage our receivables without a measurement of some
Key Performance Indicators (KPIs)
I normally begin with a “Quote of the Week,” but I wanted to talk about Key Performance Indicators (KPIs) and didn’t really have an appropriate quote for that topic. So I guess this is a “Tip of the Week.” While monthly financial statements provide vital information to the management of a business, they have a
