| Articles from Across the Internet |
|
"Performance Management's Growing Pains" |
| BPM processes and technologies are benefiting
many companies in basic areas such as reporting.
But most implementations are too immature to live up
to their full potential according to a new Business
Finance Magazine survey. Key takeaways
include: |
| - BPM is in its infancy |
| - Majority of companies feel they are doing very
well in basic areas like reporting, but not faring
well in functions like forecasting, planning,
budgeting and performance metrics |
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|
"Implementing Strategy with the Balanced Scorecard" |
| When companies abandon strategy, they pay the
price -- perhaps not in the short term, but
definitely in the long term. But simply having
a strategy isn't enough. Companies must have a
strategy and a way to measure that strategy - enter
the balanced scorecard. |
| - A dashboard measures execution to strategy |
| - Less than 10% of strategies effectively
developed were effectively implemented |
| - More than 70% of cases when CEOs fail, it's
not the strategy, but the execution that went awry |
|
| "Business
Performance Management: First Movers Speak Out" |
| Several BPM experts and implementation pioneers
met at last year's BPM Summit to discuss what works,
what doesn't, and how much potential BPM really has
to transform organizations. This article
consists of excerpts from their dialogue. Key
takeaways include: |
| - The most common obstacles to implementing BPM |
| - Types of strategic goals BPM has helped
address |
| - How key performance indicator (KPI)
information is shared throughout the company |
