Dashboards which facilitate inventing a strategy

Metrics and KPI's

Dashboards to facilitate inventing a strategy

Once data is selected and information operated, there is a time for making conclusions and predictions. The result should be a strategy. To facilitate creating a strategy, todays dashboards enable twofold tools: scorecards and strategy maps.

Scorecards are nothing more than simple lists of companys results and goals. Even though they seem to be the simplest thing ever, their real value is great as they allow a manager to quickly realize and compare information crucial for the company. Being an alternative for traditional solutions, scorecards are the best for checking, whether current strategy actually suits the company, and if needed deciding what areas require modifications.
Strategy maps symbolically illustrate company goals. They're the first step for stating the strategy and its most important aspects. Nonetheless, it must be remembered that strategy maps illustrate only a general scheme, therefore they might be used for general purposes only.

Company management must be considered in a few ways, which most important immediate reacting, and long-term decisions are. Thereupon, it's so crucial to prepare a strategy that is efficient and modifiable at the same time. It's something that dashboards can help with - if only they're well-prepared and designed. A possibility of comparing scorecards and strategy maps with actual performance values and most important indicators is a must. With that, immediate reacting is enabled, so that a manager - if he only notices that something is wrong or some scenarios haven't become successful in past - might change the statements. Inventing a strategy never is easy, but remains a must if we want to lead the company responsibly. Otherwise, we're depending on luck, what's something that every manager would like to avoid. And well-prepared dashboards have to minimize luck and accidents' role in management.

BI Dashboards

Dashboards to facilitate inventing a strategy