"Our largest customer was among our least profitable. Indeed, customers in the middle of the pack, which didn’t demand substantial resources, were more profitable than the giant we fawned over.E a sua empresa, tem um mapa da estratégia?
What happened? We made a mistake that’s exceedingly common in business: We measured the wrong thing. The statistic we relied on to assess our performance—revenues—was disconnected from our overall objective of profitability. As a result, our strategic and resource allocation decisions didn’t support that goal.
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The authors’ survey of 157 companies showed that only 23% had done extensive modeling to determine the causes of the effects they were measuring. The researchers suggest that at least 70% of the companies they surveyed didn’t consider a nonfinancial measure’s persistence or its predictive value. Nearly a decade later, most companies still fail to link cause and effect in their choice of nonfinancial statistics.
But the news is not all bad. Ittner and Larcker did find that companies that bothered to measure a nonfinancial factor—and to verify that it had some real effect—earned returns on equity that were about 1.5 times greater than those of companies that didn’t take those steps.
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companies that make proper links between nonfinancial measures and value creation stand a better chance of improving results."
Relaciona indicadores financeiros e não-financeiros através de um conjunto de relações de causa efeito que traduz a estratégia?
"companies that make proper links between nonfinancial measures and value creation stand a better chance of improving results"
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Trechos retirados de "The True Measures of Success"