Business Performance Management

7242 words, 29 pages

Intro Sample...


The situation is further compounded by multiple, stand-alone siloed systems, often distributed across the different countries of operation, that fail to present a unified picture of the business, support collaboration between management teams or drive the execution of frequently revised plans. How can businesses reconcile the enormous pressures they face with the increasingly difficult task of generating the growth in stakeholder value that these same market conditions offer? A large part of the answer lies in adopting the right tools for the job.

Business Performance Management is a new term that denotes a process-centric, holistic approach to business decision-making that is intended to improve the capability of a business to gain insight and manage its performance at all levels by combining stakeholders, managers, staff, customers and suppliers within an integrated management environment. Business Performance Management delivers both timely management information and hosts the individual management processes in a single, interactive and collaborative work space that allows teams of managers, from the board room to individual departments and across the extended supply-chain, to collectively measure performance, anticipate results and drive profitability.

In short, Business Performance Management offers the way to strategically improve the quality of the management process and hence grow an organization from a collection of loosely coupled business units into the highly coordinated and agile enterprise that is necessary to succeed in today’s economy.

WHY BUSINESS PERFORMANCE MANAGEMENT?

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