Saturday, 22 January 2011

One strategy, one direction, one number (Part 1 of 4)

Experienced managers tend to focus on a few key parameters that tell them how their business is doing. Seasoned investors proceed in a similar way. Since they know the kind of opportunities they are looking for, they are able to discard unsuitable investment proposals after checking a couple of critical figures.

No one can take correct decisions without knowing which elements are important. Gathering huge amounts of data will prove useless if complexity cannot be reduced to manageable levels. What you need are simple graphics or tables that show you how you are doing presently and what the trend for the future is.

To be continued in Part 2


[Image by dtydontstop under Creative Commons Attribution License. See the license terms under]