It used to be that performance management was managed in one department.? Now, performance management has spread throughout the entire organization, with just about every division focusing on performance management to some degree.? Yet, despite this broader use of performance management, enterprise-wide performance initiatives are not the norm.? And without an enterprise approach, it is extremely difficult to align your performance to organizational goals and objectives
According to software vendor SAS, a recent survey of 1100 businesses revealed that performance alignment was the PRIMARY benefit companies hoped to receive from their performance management efforts.? Aligning performance to your organization's goals and objectives is critical to your organization's success.? On the other side, lack of alignment increases inefficien-cies and risks and prevents camiseta boca juniors 2011 optimal execution of the organizational strategy.
Think of this scenario as a model for linking corporate strategy to business objectives:
The executive board collaborates high-level strategic planning and identifies goals for the CEO and organization.? The CEO then meets with his/her senior executives who in turn develop objectives derived from the CEOs goals and integrates those goals into the strategic plan.? In turn, those executives meet with their managers who develop objectives derived from the strategic plan, and so on.? Then, each subordinate goal is camiseta boca juniors 2011 tied to one or more goals of their manager.? Ideally, the final result is that every tracked goal in the entire company can map back to a corporate objective developed by the board.
Chances of organizational success are greatly increased by translating each high-level objective into a cascading series of focused performance measures.? Using our previous example, the CEO may focus on net cash flow while the CFO looks at debt-to-equity ratio. The controller may
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