CPM INSIGHTS:Leading Indicators Serve as an Early Warning
June 23, 2009
Do you have leading indicators in place? You should. They can serve as an early warning system for your board, executives, and management team.
How About Those Leading Indicators? Do You Have an Early Warning System? | Source: The Big Fat Finance Blog.























Early Warnings.
In business you must know what are the possibilities that may happen next when you seem to notice a difference. This are early warnings that says something is about to happen or something might gone very wrong.
"I agree with the above
"I agree with the above poster that risk analysis often lacks clear context of the situation and environment of those parameters. I think it takes a leadership team that has very clear focus and vision of their industry to best interpret what the risks really are. This is why I always want my managers, at all levels, to get out into the field a few times a year, at least. To see whats going on at the base level of consumer and sales."
I found this on another forum, and I think it really points out what is happening in this article.
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Indicators are a way to
Indicators are a way to measure performance. They are important in various aspects of our lives. They provide feedback on what is happening, how we can improve, and alert us to impending changes we may need to prepare for. A leading indicator is simply a warning sign of future events.
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