Data Quality White Papers
Journal of Management Excellence - Creating Value
Overview The principles underlying TVI are as old as control theory. Accountants audit a company by aligning money, information, and the flow of goods—or core business processes, in more modern terms. It begins to go wrong when information is lacking or when money flows do not align anymore to the core business process. TVI is not the only performance indicator that aims to predict business success. The most well known indicator is economic value added (EVA) which includes a charge against profit for the cost of capital. With this charge, EVA penalizes inappropriate behaviors at least in X3 and X4. But EVA will not tell you if your strategy to create value is "right". Another indicator—aimed at predicting bankruptcy—is Altman's Z-score. But again, this indicator does not account for "fairness". There are many initiatives aimed at measuring and managing intangible value such as social responsibility and morality, but most do not claim to have any predictive value for company success. However, TVI alone is not enough. You could allow suppliers a fair margin, have an appropriate non-primary income, try to not fool your customers . . . and still fail. TVI must be used in addition to other critical performance indicators.
| Publisher | Oracle | File Format | |
|---|---|---|---|
| Date Published | February 2009 | ||
| Format | White Papers | ||
| Topics | |||
-
Did you find this white paper useful?
White Paper RSSAccelerating Enterprise Data Governance Part 1
DownloadIn the first of this series of three white papers, Mike Ferguson of Intelligent Business Strategies defines what data governance is and then looks at the requirements that need to...
Data Governance for Master Data Management and Beyond
There is growing interest on behalf of both data management professionals and senior business managers to understand the motivations, mechanics, and benefits of instituting data governance within an organization. This...
Getting Started with Master Data Management
Master data management forms part of an overall enterprise governance program that aims to establish trusted data throughout the enterprise. This white paper from Mike Ferguson of Intelligent Business Strategies...
Five Steps to More Valuable Enterprise Data
Companies worldwide struggle with inconsistent, inaccurate or unreliable data - and often don't know how to build more useful corporate information. This white paper examines a five-step method for...
The new information agenda:Do you have one?
The lack of trusted information — information that is accurate, timely and relevant— is on the minds of CEOs and senior executives around the world. a paradigm shift from siloed...
