Monitoring Performance of Businesses

Performance Management
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Monitoring Performance of Businesses
VATSALA
Please recommends books or articles on how to implement performance management framework for an investment holding company. Our company holds investments in core businesses and private equity. How to set up an effective reporting mechanism to monitor the performance of these investments? (...) Read more? Sign up for free

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  Monitoring Performance of Businesses
Stephan Szugat, Germany, Member
  Hi, first think about your reporting requirements and the result drivers of the businesses you are invested in. See if they have something in common. Not all businesses could be measured with the same numbers, but many are very similar.
When you have your reporting needs, find some KPI's which reflect them. Only use a few KPI's. Prepare yourself a dashboard for each area of investment (similarity of businesses). Have a KPI-dashboard for each business as well.
Do not summarize everything into one KPI, such as ROI, it doesn't take all views into account. With the above described dashboards or one-page-reports you will have a basis for a bigger reporting package. Always remember your needs and the result drivers for each business.
Well, now I didn't recommanded any book, that's because theory is mostly black and white, but life has a lot grey colors as well. So I just preferred to provide you a practical tip, hope you don't mind and hope it helps.


   
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Performance Management
Summary
Forum
🔥Surrogation in Business Management
How to Measure the Performance of Admin and Support Departments?
Limitations of Traditional Performance Management
Best Practices
🥇Performance Management in Government Departments
🥈Performance Management in SME's / Small Organisations
🥉Performance Management in Hi-power Structured Organization
Monitoring Performance of Businesses
Performance Measurement: Realistic?
Measure the Performance of Logistics and Warehousing
Customer Performance Management
Overview of Performance Measurement Systems


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