What does 'traditional management' primarily rely on?

Traditional management primarily relies on lagging indicators to assess past performance. This approach focuses on analyzing historical data and outcomes to evaluate how well an organization or system has performed over a specific time period. By examining these indicators, managers can identify trends, measure results against predefined goals, and make informed decisions based on what has already happened.

In many traditional management settings, this retrospective analysis is seen as crucial for understanding the effectiveness of strategies and operations, allowing organizations to focus on refining processes based on historical successes or failures. This contrasts with more modern approaches that may emphasize predictive analytics and real-time data, which are not the focal point of traditional management. Understanding this reliance on past performance is key for those studying vessel security and broader management concepts.