New intelligence can often be derived from looking at data in different ways. Many important ratios are a product of taking two or more KPI’s and performing a simple arithmetic function e.g. Earnings per Share (income / number of shares) or Debt to Equity (liabilities / equity). These new values may not be conveniently stored in an underlying source database. Organizations need a simple, intuitive mechanism to enable business people to create these functions on the fly, share them with the wider business community, and integrate them into the strategic monitoring process.
StrategyBlocks calls this functionality calculated KPI’s, where multiple KPI’s with differing time spans can be selected, and an equation can be simply created by any user with appropriate permission. In addition, StrategyBlocks charts this new calculated KPI and treats it independently for linking back into the broader strategic management plan, and therefore provides a more complete view of monitoring total strategic health.