By Hans Bool An indicator is statistical information about a certain activity. Statistical information is used to manage and control activities. Organizations need information about activities that take place and which cost money and generate income.
Economic indicators summarize similar information about business activities on a large economic scale.
The unemployment rate is an example of such an indicator. An unemployment rate that increases could mean (indicate) that the economy is sowing down. These indications are useful to prepare actions and to take new decisions. The investment area is therefore one place where people use statistical information and where indicators come in handy.
Another benefit from these indicators is that the information is transparent and available to the public, mostly at the same time these figures are published. There are also other kinds of indicators that are as least as useful and they have a private scope rather than a public availability. These indicators are derived from a private information gathering process. Think that you are to invest in a company, but you wouldnt know what. A simple rule is to invest in things that area near. Examples are the electricity company that delivers current, the oil company that delivers your motor fuel, the telco that offers ADSL, the supermarket for the weekly groceries, the bank for your financial transactions, etc, etc. There is a lot of information available from these companies in newspapers, but you can derive your own indicators from contact with these companies. From your insurer you can check how they respond to questions, how fast, how polite, how accurate, in fact you get easily an overview of how they operate. This is your first private indicator from this company. You cannot ship on this indicator alone but you should match it with other information you receive from the official agencies. The personal indicator is however often quite a good sensor of how the company is doing. If you have personally experienced how a certain company handles the closing of a contract and checked this with other people, than this information is quite useful in analyzing the company. The advantage of this personal indicator is that it is a first source of nearly insight information. The disadvantage is that it is subjective and you could be wrong. You should always check it with other indicators. 2007 Hans Bool Hans Bool writes articles about management, culture and change. If you are interested to read or experience more about these topics have a look at: Astor White or sign-up for our newsletter. Article Source: http://EzineArticles.com/?expert=Hans_Bool http://EzineArticles.com/?Indicators---From-a-Personal-Source&id=515305 ambien cr label
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