An old management adage says, "You can't manage what you don't measure." When variables we want to control are not measurable, when they are not black and white, we hesitate to take quick and forceful action.

We relax when the picture is cloudy. It is only natural. Problems are hidden. There is always doubt as to when to act and what that action should be.

What is required is that every organization have a system through which the managers manage. This system provides the necessary information for effective decision making to keep the organization on the greatest payoff course.

Instrument Panels

Today's modern airplanes have sophisticated instrument panels. They tell if the systems are working, provide navigational guidance and indicate the positions of controls. The instrument panel is there to help the pilot accomplish the mission and to protect the aircraft and its passengers.

Similarly, the Weekly Management Report is the corporate instrument panel. It helps assure that the company gets a fair return on investment. It also protects the invested capital and the jobs of its employees.