October 18, 2015

Financial measurement. Needed or not?

If financial performance is deemed to be backward-looking focus and does not reflect other long-term planned activities, why do we still need a quarterly or annually balancesheet or income statment to reflect such inadequate behavior? If exhaustive process-oriented actions are correctly taken and continuous improvements are successfully implemented, the financial success should just be a logical consequences and unsurprising, then why are we still using it?

It was the question I kept asking myself during my readings and I have got the answer. Just testing your thoughts~~~


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