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Economic Roadmaps - Frequently Asked Questions

Posted by Alan Beaulieu on Mar 23, 2021 11:07:00 AM

How can I avoid costly planning mistakes?

We all make planning errors; that is the risk of leadership. However, you can dramatically reduce that risk by knowing how your company, or portions of your company, relate to the economic world around you. An accurate view of how the economy will impact your company and your markets will give you confidence in your planning and greatly reduce your risk of being wrong.

Is there a way I can accurately see 6 to 12 months ahead?

Yes, there is a high degree of accuracy and a long-term view in an economic roadmap. We have a very high degree of accuracy at the company and market level 12 months into the future. You can see the future with a high degree of precision and make your decisions with confidence.

How can I get past opinions and make decisions with confidence?

The answer is found in objective data. Team members quite naturally have their own points of view and ideas based on past experiences and perceptions, and these can be quite valuable in a lot of instances. However, mitigating risk in decision-making must rely on objective data, because such data is by definition devoid of emotion and intuition. Economic roadmaps based on a proven, data-driven methodology deliver hard results that result in low-risk decisions.

I know what I know, but what am I missing?

There are a lot of great leaders out there who know exactly where they have been, where they are, and where they will be next week or next month. What these great leaders are missing is a view of the future that comes with a 94.7% accuracy rating. Without that, you will miss the business cycle peak or a coming trough, and missing either can put you out of position for making the best business decisions, including crucial decisions regarding cash management and capital investment. Without a tried-and-true roadmap, it is easy to miss future interest rate movement, demand shifts, price changes and potential supply chain disruptions.

Will using an economic roadmap take up a lot of my time?

No, it does not have to. We provide economic roadmaps every day to businesses around the world in a host of industries, and we can do the same for your business. It can of course be done internally, but that would be analogous to having your team draw up a geographic map for your next trip as compared to using Google Earth or your favorite navigation app. We can create an individual roadmap for you so you can have even more time to do what you do best – lead your company. We will help you lead your company into the future with insightful, forward- looking decisions and less risk.

 

Topics: News