Abstract: Companies in America have used the same metrics for years to measure their financial performance. They measure their performance largely through lagging indicators. These metrics are accurate indicators of how the company is performing, but they are not especially useful to help managers make the company perform better. The metrics originated in the early days of the industrial revolution in capitalist countries. The goal was to measure the use of capital and the return on investment. In short, it was accountability metric, not a management metric.
Publication Year: 2005
Publication Date: 2005-01-01
Language: en
Type: article
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Cited By Count: 1
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