Organizational Dashboard is a strategic management tool that allows a business organization to allocate, monitor and measure resources (labor, time, money, technology) in order to help increase the effectiveness and impact of strategic decisions. It is the place where owners, executives, managers and other personnel can view performance information about projects, processes, operations and activities the company is currently involved in.
An organizational dashboard uses various performance metrics and efficiency ratios to facilitate meaningful decision making and monitor progress towards organizational goals. It serves the following objectives:
- Get a simplified holistic view of an organization’s performance
- Provide personnel with a commonly understood language of corporate performance
- Reach performance optimization and improvement
- Keep employees focused on performance-critical aspects and issues
Through using an organizational dashboard, managers are able to measure company performance and comply it with business expectations and goals. The dashboard provides customization tools that allow creating custom KPIs and performance reports.