Continuous improvement means to continue to discover that "there is always a better way.''
Corporate Performance Management is a management control from strategy to the 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.
Improvement Indicators
Innovation, Improvement, Investment Indicators Performance management is not an isolated management practice, but a holistic discipline to evaluate multidimensional business value. Managing business performance means translating strategy into operational terms, and mapping collective goals to individual tasks, to make the strategy everyone’s everyday job and a continual process.
Improvementindicators Continuous improvement means to continue to discover that "there is always a better way.'' Any individual indicator can be a lead or lag indicator depending upon the context and the explanatory model chosen. Have always looked at a Lag Measure as the method for measuring the outcome and the Lead Measure as the bet you make. Here are three indicators for measuring improvement.
Innovation Indicator As the saying goes, “You can only manage what you measure.” Digital Organizations are like organic systems that keep evolving. The performance of the total “system” is independent of the performance of any one of the functions and depends more on how the functions relate to each other, the “space” between functions. In fact, the very goal of running a high performance business is to ensure the business as a whole is superior to the sum of pieces. In practice, Performance Management assessment is always subjective, controversial and contentious, this is especially true for innovation management. The more meaningful and important the thing you want to assess, the harder it is to be measured objectively. Select the right set of indicators of improvement, innovation, and investment, and measure them effectively. Logically, you need to know the exact purpose of the metrics and what follow-up action is needed if it does not meet the expectation.
Innovation Index, Alignment, Indicator Innovations in the digital era are coming at a seemingly much faster pace, more data, more changes, and more potential disruptions, and therefore, innovation management also becomes more complex and volatile, and often a multi-disciplinary effort. Innovation happens when you change the game or you bring a different twist to what is currently perceived or established. There are breakthrough innovations and incremental innovations. It's natural to fear the unknown or be skeptical of the unproven. A truly innovative "story of the future" can literally revolutionize a culture which is the collective minds and habits, align innovation processes, select innovation indicators and improve innovation success rate.
Improvement Indicators 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).
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The "Performance Master" Book Introduction
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