Oracle recently commissioned a global study investigating the level of management coherence and profit visibility in large companies. The research, undertaken by Dynamic Markets, surveyed 1,500 organisations and generated some eye-opening statistics:
- 82% of companies lack a complete visibility of profits – with 40% suffering impaired financial performance as a result
- On average, data used for decision-making is 4.2 months old, although 28% of managers do not even know the age of the data they use
- Typically, it takes 1.7 months for finance managers to be made aware of company and market changes, and 16% never officially informed at all
To download the full research report and gain insight into how some of the world’s largest companies are effectively making decisions ‘in the dark’, click here.