Charting a course to how the business achieves the strategic goals with intermediate objectives over time, enforcing an iterative planning-implementation continuum is pivotal to success.
It's critical to recognize patterns, perceive invisible behind the scenes: The business ecosystem is complex, the truth is mixed with false, and patterns are hidden. Take a deep look at the underlying business functions and processes; take a wider look around at what’s going on outside the organization, identify opportunities and risks and suggest actions, be able to reframe circumstances, alter or change the frame of reference.
There is knowing unknown, unknown unknown; until you deal with facts from different sources that relate essentially to the same matter, the patterns are not apparent. Patterns are defined as “solutions of problems in a context”; can be combined in ways that "make sense" of business logic syntactically and capture insight semantically. It helps to figure out better solutions by peeling back the layers to find the root cause, uncover logic, and address the issues systematically.
It is important to scrutinize all crucial factors from mindset to attitude to behavior; develop a series of gap-minding practices to speed up changes: One of the problems with views in the enterprise today is that they are not fully integrated and completely coherent. Organizations need to keep re-defining, re-interpreting, and reinventing the enterprise components and their relationships, to enforce critical success factors, build business capacity, and accelerate performance.
It is crucial to create an environment in which curiosity is encouraged, humility is appreciated, creative thinking is inspired to generate novel ideas fluently. Business leaders and professionals understand the learning curves, seek additional knowledge and experience, break down silos, update the “divide and conquer” methodologies to improve holistic understanding, develop problem-solving competency, truly make change happen and sustain its impact.
It is difficult to identify the most critical performance indicators and make objective assessment of business performance: The planning and implementation as iterative processes that balance each other can produce meaningful outcomes. The real purpose of Performance Indicators is to provide business insight and monitor the business progress and performance. The effective performance measurement approach should enable business managers or professionals to define a set of key performance indicators, keep track of the progress made toward the predefined set of goals in a consistent manner.
Performance Indicators should be under constant review to determine if they actually provide the necessary insight into what is happening in order to make informed decisions. Performance indicators selected are not static, you should change them from time to time accordingly to fit for the strategy focus. Every measure selected should be part of a link of cause-and-effect business relationships, ultimately affecting the growth perspective of the organization. and always pay more attention to the bigger picture of the dynamic business reality.
Corporate leaders today should navigate through complexity, uncertainty or ambiguity in a dynamic business environment. Charting a course to how the business achieves the strategic goals with intermediate objectives over time, enforcing an iterative planning-implementation continuum is pivotal to success.
1 comments:
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