c o r e e l e m e n t s t h e
of the approach
Based on sound principles and practical concepts
Indicators of any kind should be based on a set of principles which
define how they will be selected and used. This will help ensure
that measurement programs are scientifically supportable, relevant,
accurate and useful.
Performance measurement and reporting must be practical and
straightforward for the whole business community to follow . This
is why our concept calls for two types of indicators – generally
applicable and business specific. This approach allows companies
to keep their measurement system focused on the relevant issues,
as well as provide information in a form which is commonly
understood and broadly accepted.