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August 2004 Edition

New Article by BizNet Software CEO George McMann

BPM and Predictability: Linking Business Execution to Business Strategy
Webster's dictionary defines predictable as, "to state, tell about, or make known in advance, especially on the basis of special knowledge."  Making known in advance on the basis of special knowledge sums up a main business benefit of a Business Performance Management solution.

Mr. McMann points out the differences between strategy and operational effectiveness, and explains how BPM solutions can play an important role in creating competitive advantage.

Articles from Across the Internet

"Finance's Big Leap Forward" (Business Finance Magazine)

Why today’s top companies are finance-driven.

"Best Practices in Planning" - Links directly to a PDF document. (The Buttonwood Group)

This article debates the pros and cons of the most popular approaches to better planning (including Rolling Forecasts, Value Planning, Balanced Scorecard, Value Based Management, Activity Based Budgeting, and Zero Based Budgeting) and helps you figure out which approach could be best for your company.

"Maximize Business Performance: Industry Dashboards to the Rescue" (DM Review)

In order to do dashboards right, you must determine the right key metrics for your organization -- and industry dashboards might contain just the information you're looking for. Unfortunately confusion abounds. This article points out how the relatively new industry dashboard - a dashboard pre-populated with best practice metrics for your industry - can provide an accelerated implementation.