From KPIs to Profit: Understanding Your Leading Indicators for Better Retail Results
According to a recent Gartner survey, 80 percent of companies only measure results, not what impacted them or how to improve them going forward.
According to a recent Gartner survey, 80 percent of companies only measure results. In other words, they measure past performance by looking at the results in the financial statements. But they don't know what impacted these results, or what is best done to improve them going forward.
Do your company analyses or reports allow you to ask "Why did this happen?" and "Which area of my business needs most attention, if I want to improve profit?" If yes, congratulations! You are a modern, data-driven business! If not, keep reading, and we'll give you a few tips on how to reach that end-state.
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