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Developing Performance Measures

Strategy Driven

Once KPIs (key performance indicators) have been identified and constructed, they will help to determine the direction and focus of your business in its finance, operational and strategic objectives,” says Leonard Johnson, a writer at Last Minute Writing and Writinity.

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Complimentary Resource – Best Practices for a BI and Analytics Strategy

Strategy Driven

A growing number of organizations are moving toward having more pervasive Business Intelligence (BI) by turning to evidence-based decision making supported by a range of BI and analytics technology and processes that enable decision makers to have the best possible intelligence about customers, finances, operations, suppliers, and the market.

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Are You a Monday Morning Quarterback?

Strategy Driven

Many leaders run their business in the same manner and assert specific changes should have taken place as soon as they receive unacceptable bottom-line results from their finance department. At this point, Key Performance Indicators (KPIs) come into play as an indispensable tool to measure their effectiveness.

KPI 50
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Data-Driven Management Can Also Be Compassionate

Harvard Business Review

” No, Bezos shouldn’t embed a C@D—Crying@Desk—metric on his KPI dashboard. “Data creates a lot of clarity around decision-making,” said Sean Boyle, who runs the finance division of Amazon Web Services and was permitted by the company to speak. “Data is incredibly liberating.”

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4 Models for Using AI to Make Decisions

Harvard Business Review

Ambiguity is the enemy; crisply defined service level agreements and explicit KPI accountability are essential. Academic computational finance researchers and fund managers alike tell me their machines frequently make trades and investments that the humans literally and cognitively do not understand.