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| Topic: |
Business
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| Number of pages / Number of words: |
14 / 3692 |
Essay's paper body
Believing that instinct or assumptions about how the business is performing without knowing the facts can serve the purpose is a disastrous idea. In today's world where future is no longer a distant possibility it is becoming increasingly important to have proper control systems in place to regularly monitor the business activities...
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Monitoring a few key business metrics allows a firm to get a handle on the business which can lead it on the path to improved profitability.
Business metrics, or measurements of business activity, have long been considered the exclusive tool of the number cruncher, the bookkeeper or the statistician...
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General points of the essay
“The role of business is to serve the larger society, which is best accomplished by being responsive to the larger society.”
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