The first half of 2008 has created a crunch on all resources. The market struggles to climb out of a trough that has persisted for more than six months. New opportunities to enrich stocks compete for attention with mature operations that need revival.
Time is in most demand. It is tempting to skip critical reviews of the most recent quarter. Why not just look ahead and try to make up for disappointing business results? There is much to lose if efforts are not made to assess performance at the micro level in these most trying macro circumstances.
Statutory reporting numbers will not serve the purpose. SEC rules were framed in a gentle era, in which customers were forgiving and competition limited compared to the fierce financial jungle of today. Professional business managers have always relied on Management Information Systems (MIS).
MIS does not have to cost the earth. It has the potential to catapult “small fries” into the big-capital league. MIS can be the secret weapon of any entity or individual that dreams of exceptional growth rates and profitability. Fortune may side with you on occasion, but MIS makes a habit out of successful business operations.
Reviews of assumptions and activities distinguish MIS from statutory financial reporting. The focus has to be on exceptions rather than on the mundane. Take the first steps towards a personal MIS for top stock picks now. Start by asking for qualitative reviews of forward-looking statements made last quarter.
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