Every business owner and manager will benefit from implementing processes that provide information on business performance that can be easily evaluated to identify areas of improvement, risks and trends. One method of providing such information is dashboard reporting.
Like a car dashboard, the objective of dashboard reporting is to provide clear and concise information of the key drivers of business performance. Dashboard reporting should be a synopsis of business operations and provide information in a visual format that is easy to read, remembered and understood by key decision makers in the business. This should in turn improve decision making.