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Instead of budget approvals, monitor key metrics and give managers more flexibility. The next most important set of metrics are sales by category; working capital (cash and other current assets, less current liabilities); EBITA; and gross margin. Traditional budgets can be destructive and a huge waste of time.
Objective Metric, Owner, Expected Uplift, Start Date, Run Time, Implemented Date, Description, Hypothesis and the Tracking Plan. This data is then automatically extended with data on our current goals in combination with the objective metric – and we also know the end date based on the start date + run time. Image Source.
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