Performance and strategy management are necessary activities for planning and monitoring an organization’s success, but they can become quite challenging when a multitude of home-based systems and reports in spreadsheets can no longer support business growth. To achieve optimal results in strategic management and resource and process management, companies need a single solution that involves the entire organization.
Corporate Performance Management (CPM) is important for every company that is looking to:
- Reduce costs
- Better align Key Performance Indicators (KPIs)
- Evolve organizational strategy
- Improve planning and monitoring processes
The process of managing corporate performance should be easy: define and agree on the strategy, collect meaningful and relevant performance information, and use this information to make decisions to improve the strategy and its execution.
To do this, there are different strategic frameworks and management methodologies, such as the Balanced Scorecard (BSC), the EFQM (European Foundation for Quality Management) Excellence Model and Six Sigma. Regardless of the model you choose, a performance management solution needs to have these 8 essential features:
Strategic management
Scorecards and strategic maps
Risk management
Management of initiatives
Data collection
Data viewing
Corrective actions
Analysis
Download this free eBook now and access the complete text! It contains important information for strategic planning and for managing your company’s corporate performance. And if you have any questions, please ask.
