Monitoring Performance of Businesses
Stephan Szugat, Germany, Member
Hi, first
think about your reporting requirements and the result drivers of the businesses you are invested in. See if they have something in common. Not all businesses could be measured with the same numbers, but many are very similar.
When you have your reporting needs, find some KPI's which reflect them. Only use a few KPI's. Prepare yourself a dashboard for each area of investment (similarity of businesses). Have a KPI-dashboard for each business as well.
Do not summarize everything into one KPI, such as ROI, it doesn't take all views into account. With the above described dashboards or one-page-reports you will have a basis for a bigger reporting package. Always remember your needs and the result drivers for each business.
Well, now I didn't recommanded any book, that's because theory is mostly black and white, but life has a lot grey colors as well. So I just preferred to provide you a practical tip, hope you don't mind and hope it helps.
