As the saying goes, “You can only manage what you measure.” 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.
Initiatives of Performance
Initiatives Forethoughtful companies intend to build a people-centric business. They need to understand the maturity of customer-centric practices quantitatively & qualitatively across all measures and at specific section levels. Normally, organizations look for performance indicators measuring business results generated by business initiatives efforts. They choose the right measurement by deciding which are seen as critical to making progress in order to generate more benefits.
Initiative In today's “VUCA” business circumstances, there's nothing to be done about an uncontrollable situation, accept vulnerability, but do your best to manage uncertainty. Up to the next level of organizational maturity, businesses not only need to adapt faster but have to accelerate and create change momentum.
Initiatives Forward-looking companies across vertical sectors are at the inflection point of paradigm shift. The management practices, new technology adoption, culture intelligence, or business capability tuning. etc, are all tactics to get the organization from here to there for leading changes.
Initiativesforgluing In today’s “VUCA'' digital new normal, businesses are complex, hyper-competitive and interdependent; overly rigid hierarchy becomes the very obstacle to stifle changes; business management has to continue exploring holistic approaches, flatten structural hierarchy, enhance cross functional communication & collaboration, streamline an iterative cycle of designing, building, scaling and produce great outcome under specified performance standards and conditions.
InitiativesWe live in an era, full of uncertainty, complexity, and ambiguity, the result is the higher risk of priority conflict, change inertia, resource limitation or business vulnerability. A lot of parameters, correlations, and context should be taken into account as business management and measurements are complex today.
Initiateperformanceassessment Every organization is at a different stage of the business cycle, and every company has a different strategic focus. Performance assessment, when used in an individual context, tends to focus on all that is good and has been achieved by the individual, but sometimes, managers have to ask tough questions such as, if individuals’ performance were so good, why is the company failing? Selection of the right set of performance indicators is more critical than measuring them right
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The "Performance Master" Book Introduction
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