For managers to adequately monitor the organization's performance, they need to use
A)leading and cycle indicators.
B)lagging and budget indicators.
C)leading indicators and lagging indicators.
D)lagging and cycle indicators.

Question

Quizplus · Accepted Answer

Managers need to use leading indicators to predict future performance and lagging indicators to track past performance. Using both types of indicators provides a more comprehensive understanding of the organization's overall performance. Budget indicators are useful for tracking financial performance, but they do not provide insight into other aspects of the organization's performance. Cycle indicators are useful for tracking short-term fluctuations but do not provide a broader understanding of the organization's performance. Therefore, the best choice is to use leading and lagging indicators together.

For Managers to Adequately Monitor the Organization's Performance, They Need