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Why directors generally
receive too much information:
-
Regulators
favor volume.
-
The myth that more
is better, even if only a
small portion is looked at.
-
The belief that a
director will catch something management
missed.
-
Executives want to
avoid the appearance of withholding news.
Financial Dashboards
are
HOT
today because:
-
There is increased
pressure on boards to be better informed and in a position to lead the chief executive.
-
All leadership jobs
entail setting priorities, knowing what is important and
what is not, including essential success measurements.
-
The volume of data available for boards is similar to what the computers in your car produce, more information
than a safe-driver needs and wants.
-
Our vehicles' dashboards give us a quick view of the same things we looked at
30-years ago because the essence of condition and performance has not changed.
- All the other data remains out of view; technicians
can access more when needed.
You could spend many tedious hours developing a
financial dashboard for yourself to track
and display essential key ratios. You could pay thousands of dollars
to your data processor or staff programmers to create
sophisticated, car-like gauges with data direct from the
host system.
Why do that when we've done the work for you?
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