The Benefits of Good Business Intelligence

Knowing your ratios, margins, and breakdowns are the building blocks for your financial value chains. They change from quarter to quarter and year to year. Watching trends will alert you to key issues that your Senior managers will be facing and explain what is causing the sleeplessness in your organization.

Important ‚  

If you can see the issues well before the others around you, you will have much more time to research your options, create your interventions, and build your proposals. You ‚ ll be in the position to answer what previously may have appeared to be sudden questions about your value. By understanding the position of your Mid and Senior managers, you will be able to connect their concerns as stewards to what you can do to improve the bottom line as a WLP professional. The links in your chains will become more obvious and familiar over time.

You may be thinking that now that you understand how value chains need to be built and where the information comes from, that you are ready to go off, do good deeds, and communicate your value.

Not so fast! There are other perspectives on value and financial numbers that you need to understand. Even if they produce financial results, not all interventions will be applauded with enthusiasm. Even for those interventions that receive initial enthusiasm , the attention you continue to receive depends on how well you can match your communication strategy to business activity cycles and how you address common perception challenges.