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~~~

: 18 Oct 2015 23:01 |  Tags: Mbe |  Comments (0) |  Report a problem