If a few metrics is a good thing, more metrics must be better, right? No – in most businesses that makes things worse, not better. Here’s why…
Any good Finance Director or CFO will have a keen eye on the running costs of the business. The last thing they’ll want to do is make it harder than it needs to be to create the profit the business depends on to survive and thrive.
But sometimes the need to control what people are doing to make sure costs are properly managed can be carried too far.
More often than you might think, the costs of control far outweigh any potential savings the control might bring you.