Measures and indicators are important tools for every manager. They tell us how we have performed in the past (lagging indicators) or what to expect in future (leading indicators). It is common sense that business-related measures and indicators help managers to make better decision. However, the value of these measures largely depends on a wise […]
Early indicators in business – use with care!
Early indicators are a popular tool when it comes to planning and forecasting in business. “Prediction is very difficult, especially if it’s about the future” , as Nobel laureate Nils Bohr once said. Hence, managers and planners desperately search for some early signs that help to improve the quality of the guess about the future. […]