Tuesday, April 3, 2018

The Monthly “Performance Master’ Book Tuning: Continuous Performance Management Apr. 2018

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.

  Continuous Performance Management  

Adapt to Digital New Normal and Manage Proactive Business Continuum It is a complex world out there with so many variables that determine the success of the business. Closer to reality is that digitalization is a journey, not just a destination, and change is continuously happening in such a dynamic environment of a company. The leading businesses across the vertical sectors are the ones that can adapt to the digital new normal and manage the proactive business continuum.

The Continuous Performance Management? Performance Management is an important process which underpins organization’s collective human capability to achieve high performance. However, in most organizations, the term "Performance Management" has a negative connotation because it tends to label processes that the business sees as, at a minimum, administratively burdensome and at worst simply dreads. There is a danger of not having a process to "develop and nurture" performance, bias and favoritism are common in the workplace. Waiting until once per year or even every six months to evaluate workers is also not enough to know key performance nor should it be. So what're the differences between Continuous Performance Management and traditional Performance Management? Where will you go by using such methods?

Digital Performance Management as an Iterative Management Continuum Enterprise Performance Management is a multidisciplinary management system to run numbers in context, leverage data to tell stories. The ultimate goal of performance management is to implement business strategy effectively through well defining the right set of measures at both strategic and tactical level. Without measurements, it can be hard to tell whether attempted improvements achieve the expected results or not. The whole issue is to have a starting point and the performance metrics that come first at a strategic level are doing the job well for achieving the defined goals. With increasing pace of changes and dynamic business planning, digital performance management is not composed of some linear steps, but an iterative management continuum.

Digital Master Tuning #128: Three Aspects of Managing Digital Business Continuum? The effects of an increasingly digitalized world are now reaching into every corner of businesses and every aspect of organizations. Business agility is imperative to meet the demands of rapidly evolving digital consumer behaviors and dynamic business ecosystem. Therefore, digital leaders need to more proactively rethink the art and science of business management, from learning to doing, from design to delivery, from talent management to customer satisfaction; here are three aspects of managing such a digital continuum.

The Continuous Performance Management? Corporate Performance Management is needed for all organizations as a way of living, what is the reason for their existence and how and what. Corporate Performance Management is also a management control from strategy till shop floor in both qualitative and quantitative way. Due to the digital nature of hyper-connectivity and interdependence, organizational management practices are shifting from silo-based, reductionistic traditional management style to the holistic digital management discipline. The corporate performance management also needs to do the similar adjustment, to ensure the individual performance are assessed objectively and the corporate performance is evaluated holistically, to ensure the business as the whole is superior to the sum of pieces.

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