Top 5 Challenges of Tracking Business Performance

-By Development Network- Nearly every organization, large or small, public or private, has a method for tracking their overall performance.  Whether using a simple spreadsheet-based document or a comprehensive business scorecard software solution, many organizations face the same 5 challenges in tracking performance. Top 5 Challenges of Tracking Business Performance Meaningful Metrics. Knowing which measurements are truly important vs. which measurements are tracked simply because they are easy to track. Tactical Importance. Aligning the individual KPIs (metrics) with the organization's overall mission. Accuracy. Ensuring data integrity is critical.  If some of the data is inaccurate then none of it can be trusted or used. Resources. Assigning the adequate time, money and resources to properly track, confirm and transparently report performance. Doing something with the data. Using the data to promptly and accurately adjust behaviors or processes in an effort to affect future outcomes. -For more Articles and Information:  http://www.developmentnetwork.co.nr/