Corporate leaders risk failure if their own data dashboards start lying to them

Raghu Raman 4 min read 23 Jan 2024, 12:48 AM IST. . Summary Losing touch with reality is easy when a business culture allows its information feed to be fudged..

You would have probably guessed that each of these once-lauded companies was involved in a major scam, causing an incalculable erosion of wealth, reputation, shareholder value, and, in some cases, worse..

There is a more disturbing commonality among these fraudulent companies..

The point is that dashboards put in place to ensure transparency and authenticity not only failed, but were rigged to paint a picture so false that shareholders, analysts, oversight boards and even industry bodies that were supposed to assess these companies objectively, were beguiled..

Similarly, leaders often make grandiose proclamations about an emphasis on aspects such as work-life balance, role rotations, learning and growth opportunities, etc, but neither follow through nor allocate concomitant resources to them, thus betraying their real intent..