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There is a big difference between those companies that manage and deliver performance well and those that don't. Good performance management improves decision making and competitiveness. Poor performance management delivers nothing but added costs. Here are the secrets that set these companies apart.
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7 Secretsof
PerformersTop
By Bernard Marr
We conducted a study of over 3,000 companies, across all
continents, sizes and industries to
understand the state of the art in business performance
management
© 2014 Advanced Performance Institute, BWMC Ltd. All rights reserved.
We Find:
• Most are collecting KPIs and managing performance, but not all are generating value
• Most companies are using KPIs, just over half use
Dashboards, 41% Benchmarking, 38% BSC, 7% Big Data Analytics
• 37% of companies are unhappy with their efforts
© 2014 Advanced Performance Institute, BWMC Ltd. All rights reserved.
Companies that do business
performance management well generate more value, make
better decisions and
outperform their competitors
© 2014 Advanced Performance Institute, BWMC Ltd. All rights reserved.
Here are 7 things that sets top performers apart
© 2014 Advanced Performance Institute, BWMC Ltd. All rights reserved.
1. Buy-InDon’t make performance
management a top management
initiative – ensure buy-in from the
top to the bottom. Make it
relevant to everyone!© 2014 Advanced Performance Institute, BWMC Ltd. All rights reserved.
2. MotivationDon’t manage performance for
someone else. Make sure you do it
because you want to, in order to
improve performance!
© 2014 Advanced Performance Institute, BWMC Ltd. All rights reserved.
3. Alignment
Make sure you align strategic with operational performance management. Don’t run them in
siloes like many companies!
© 2014 Advanced Performance Institute, BWMC Ltd. All rights reserved.
4. Analytics Align your traditional performance
management with your analytics
and business intelligence activities. Again, no siloes!
© 2014 Advanced Performance Institute, BWMC Ltd. All rights reserved.
5. Time FocusMake sure your performance metrics
look into the future rather than the
past! Predictive performance is the future.
© 2014 Advanced Performance Institute, BWMC Ltd. All rights reserved.
6. Data Quality
Make sure data quality is managed throughout your business. Remember:Garbage in, garbage out!
© 2014 Advanced Performance Institute, BWMC Ltd. All rights reserved.
7. TechnologyUse the right software tools to
manage performance. Office tools
are not the way to do it! Use proper analytics, reporting and dashboard tools.
© 2014 Advanced Performance Institute, BWMC Ltd. All rights reserved.
Read my article:“The 7 Secrets of Top Performers” here:
© 2014 Advanced Performance Institute, BWMC Ltd. All rights reserved.
https://www.linkedin.com/today/post/article/20140625055732-64875646-the-seven-secrets-of-top-performers?trk=mp-reader-card
Download the full report “20 Years of Measuring and Managing Performance: From KPIs and Dashboards to Performance Analytics and Big Data” at:
http://www.ap-institute.com/research-reports.aspx © 2014 Advanced Performance Institute, BWMC Ltd. All rights reserved.
AboutThis overview was put together by Bernard Marr Founder and CEO of the Advanced Performance Institute.
Bernard Mar is a bestselling business author, keynote speaker, strategic performance consultant, and analytics, KPI & Big Data guru.
For more articles, white papers, case studies and much more visit the Advanced Performance Institute
Knowledge Hub
Read Bernard’s blogs:
• LinkedIn Influencer Blog
• Big Data Guru Blog
Connect with Bernard on:
• LinkedIn• Twitter• Facebook• Google+• YouTube• Advanced Performan
ce Institute
© 2014 Advanced Performance Institute, BWMC Ltd. All rights reserved.
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