This approach is sometimes referred to elsewhere as Open-Book Management[1].
One key addition in full OBM is that staff are given basic training in management accounting -- ie, in reading financial statements and inferring performance from them.
This should fit the current enthusiasm for metrics perfectly. The three core financial statements (Income, Balance, Cashflow) are internationally-recognised metrics dashboards for business financial performance.
You can even build derived metrics (accounting ratios) to better understand particular parts of your business. And nothing stops you marrying those derived money metrics to your other metrics.
Basic accounting is really quite simple and illuminates a lot of business logic. I'd recommend it to anyone.
One key addition in full OBM is that staff are given basic training in management accounting -- ie, in reading financial statements and inferring performance from them.
This should fit the current enthusiasm for metrics perfectly. The three core financial statements (Income, Balance, Cashflow) are internationally-recognised metrics dashboards for business financial performance.
You can even build derived metrics (accounting ratios) to better understand particular parts of your business. And nothing stops you marrying those derived money metrics to your other metrics.
Basic accounting is really quite simple and illuminates a lot of business logic. I'd recommend it to anyone.
[1] http://en.wikipedia.org/wiki/Open-book_management