Posts Tagged ‘financial performance monitoring’
5 Limitations of Just Measuring Financial Performance
- It is after the event and historical
- It is rarely real time
- It is subject to accounting rules which can lead you to believe that you are doing okay (because you are in profit) when you don’t have cash to meet obligations
- Money by itself creates nothing. It is what you do with it that results in creativity
- No financial managers don’t make the connection between what they do operationally and money
