“Never invest in a company without understanding its finances. The biggest losses in the stocks come from companies with poor balance sheets.”
– Peter Lynch, Beating the Street
While this quote from Peter Lynch is directed at external investors, it’s also good advice for business leaders who are considering investing in their own internal IT function. Today’s dynamic business environment demands a change of perspective in how IT demonstrates its value. IT leaders need to rethink traditional IT metrics and adopt an approach built around an IT balance sheet.