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

To gain a comprehensive understanding of an organization's performance, managers need to use both leading indicators and lagging indicators. Leading indicators are predictive measures that help managers anticipate future performance, while lagging indicators are retrospective measures that assess past performance. By using both types of indicators, managers can identify potential problems early and take corrective action, as well as evaluate the effectiveness of past decisions and adjust strategies accordingly.

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