It takes multifaceted approaches from multidimensional perspectives to unlock digital performance and catalyze change.
Corporate Performance Management is a management control from strategy till shop floor. "If you can't measure, you can't manage," legendary management guru Peter Drucker once asserted. Managing performance means understanding results, setting metrics, fixing plans, and making decisions to ensure it happens. It takes multifaceted approaches from multidimensional perspectives to unlock digital performance and catalyze change.
How to Take a Holistic Approach to Measure Digital Performance
Taking a Holistic Approach to Measure Up the Performance of Digital Organization The effects of an increasingly digitalized world are now reaching into every corner of businesses and every aspect of organizations. Digital transformation is not a one-time project or a stand-alone initiative; it is a continuous journey to adapt to the new normal of the business world. Metrics are part of transparent visual management allowing pulling. So, how to measure up the performance of the digital organization?
How to Set Performance Indicators to Measure Return on Digital Transformation? Change is inevitable, and the speed of change is increasing. The digital transformation is now spreading rapidly to enable organizations of all shapes and sizes to reinvent themselves, but it is the thorny journey with many bumps and curves on the way. How do you measure return on digital transformation in order to make the timely adjustment and improve its success rate? A well-defined set of measurement for digital transformation should contain a good mix of outcome measures or the long-term strategic value along with performance drivers to track the progress in the short term (operational measures).
From Performance Appraisals to Performance Optimization? Managing performance is a wonderful idea! But too many companies ignore the difference between doing PA (Performance Appraisal) and actually being proactive in performance management. In fact, in performance management, much less time should be spent on evaluating past performance, but moving to removing barriers to future performance. You can ask yourself some questions to move in the right direction like how frequent feedback will add value to your organization and the employees, what are the organizational goals and what value can performance evaluation add to it? What rewards should be linked to performance evaluation and how these rewards will affect the productivity of your employees and contribute to the organizational goals?
The New Book “Performance Master” Conclusion: Setting Performance Indicators to Measure Return on Digital Transformation? The digital transformation is now spreading rapidly to enable organizations of all shapes and sizes to reinvent themselves, but it is the thorny journey with many bumps and curves on the way. Digital transformation is now affecting all aspects of business operations from innovation within and around the business ecosystem. A well-defined set of measurements for digital transformation should contain a good mix of the long-term strategic measures along with the short-term operational measures. How do you measure return on digital transformation in order to make the timely adjustment and improve its success rate?
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