Are you driving looking through the windshield or watching the rearview mirror?
Leading and Lagging Indicators
Leading indicators are items that project end-result performance, driving looking through the windshield. For example, labor productivity is a leading indicator of job profitability. Lagging indicators are where the rubber meets the road but is necessarily driving using the rearview mirror. Leading indicators give you a chance to correct a problem before it kills the lagging indicator. Leading indicators allow you to be proactive. Lagging indicators, by their very nature, force you to be reactive. Leading indicators tell you how a part of your progress is going.
Here are some examples for each:
Do you know what your key indicators are?
Are you using the key indicators to improve performance?
Jeffrey A. Redmon
Founder, Redmon Law Chartered and Inner Circle of St. Croix Valley