For managers to adequately monitor the organization's performance,they need to use
A)Leading indicators.
B)Lagging indicators.
C)Both leading indicators and lagging indicators.
D)Neither leading indicators nor lagging indicators.

Question

Quizplus · Accepted Answer

Leading indicators are measures that help predict or anticipate future performance, while lagging indicators are retrospective measures that reflect past performance. By using both types of indicators, managers can take a comprehensive approach in monitoring the organization's performance. Leading indicators can provide early warnings of potential issues or opportunities for improvement, while lagging indicators can help identify trends and assess the effectiveness of past decisions or actions. Therefore, a combination of both leading and lagging indicators is necessary for effective monitoring of organizational performance.

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