07 The Dashboard Driving Business to Success (Business Performance Management)

A dashboard is the panel of instruments and controls facing the driver of a vehicle. Driving a companies business, a dashboard should give you a condensed summary, which allows you to recognize critical areas and take actions to keep the business moving in the right direction - provided you know your destination.

Any dashboard without a clearly defined strategy for the organization will be useless. Only if you know the destination, you can derive the right set of key performance indicators and arrange them in such a way that they give you the current position of the organization, highlight deviations and allow you to make necessary corrections.

Category:

Education

Tags:

• Dashboard
• performance chart
• CPM
• BPM
• key performance indicator
• key ratio
• Strategy
• lanced Scorecard
• Business Intelligence
• Business Plan
• KPI