Many businesses already track financial metrics like profit margins, debt ratios, or cash flow. But knowing what these numbers are isn’t enough. To truly benefit, business leaders must use them to inform strategic decision-making, from hiring and pricing to expansion and investment.

When we think of reinvention, we often imagine scrappy startups pivoting to survive. But for mature companies with legacy reputations, reinvention is more complex. It’s less about radical change, more about careful recalibration. A recent segment on Bloomberg’s Wall Street Week offered a timely look into how one such business, New Balance, is managing this ongoing challenge.