While I’ve known for some time it’s best to pair leading indicators with lagging indicators, I hadn’t realized the relationship between them and how they can be used for long-term strategic learning. This is one great reason why pairing leading & lagging indicators is a best practice for Good Metrics.
- Leading Measures indicate how well you are adhering to the strategy (or the plan).
- Lagging Measures indicate how well the strategy (or plan) works.
James Clear’s quote comes to mind: Failure is most useful when you give your best effort.