Corporate Performance Management

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Summary

Performance Management

PM is a strategic management approach for monitoring how a business is performing. It describes the methodologies, metrics, processes, systems and software which are used for monitoring and managing the business performance of an enterprise. Business Performance Management, and Strategic Performance Management, and Enterprise Performance Management and Corporate Performance Management are all variations of the terminology. Do not confuse this subject with employee performance management.


Benefits of Performance Management

Main benefits of CPM are:

  • PM helps to maximize value creation consistently.
  • PM helps to increase corporate transparency.
  • PM facilitates communication with investors, analysts and with stakeholders.
  • PM improves internal communication on strategy.
  • PM facilitates the improvement of decision-making.
  • PM helps to balance short-term, middle-term, and long-term trade-offs.
  • PM encourages value-creating investments.
  • PM improves the allocation of resources, streamlines planning and budgeting.
  • PM helps to better deal with increased complexity and greater uncertainty and risk.

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🔥 NEW Surrogation in Business Management
In wars and extreme poverty, desperate people use various kinds of inferior substitutes for products like bread, coffee (...)
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8 comments
Overview of Performance Measurement Systems
I would like to create an overview in this forum of all performance measurement systems / theories / methods existing to (...)
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1 comments
How to Measure the Performance of Admin and Support Departments?
My organisation is split into admin/support (ca 80%) and sales (20%). The challenge is coming up with a method to set ob (...)
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1 comments
Limitations of Traditional Performance Management
What are the limitations of traditional measures of performance measurement and management in organizations? (...)
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2 comments

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Best Practices

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The top-rated topics about Performance Management. Here you will find the most valuable ideas and practical suggestions.


Performance Management in Government Departments
I' d like to have your reactions on how Performance Management can be implemented in government departments where there (...)
353
 
11 comments

Performance Management in SME's / Small Organisations
Most of the theory on PM is based on large organizations. Does anyone have experience of implementing a PM system in a c (...)
336
 
10 comments

Performance Management in Hi-power Structured Organization
I'd like to have views / comments on how PMS can be implemented in a hi-power structured organization where political wi (...)
325
 
Monitoring Performance of Businesses
Please recommends books or articles on how to implement performance management framework for an investment holding compa (...)
292
 
2 comments

Performance Measurement: Realistic?
How practical and realistic is performance measurement in organisations. In most cases, it looks very juicy on paper yet (...)
266
 
3 comments

Measure the Performance of Logistics and Warehousing
With my new role as logistics and warehouse manager for a major clothing retailer, I am mandated to measure the performa (...)
259
 
3 comments

Customer Performance Management
Customer Performance Management (CPM) is also another variation. CPM focuses on acquiring, managing and growing the best (...)
134
 
Expert Tips

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Advanced insights about Performance Management. Here you will find professional advices by experts.


Corporate Performance Management Best Practices

CPM Best Practices
I just finished reading "Five Key Principles of Corporate Performance Management" by Bob Paladino. Paladino collected a (...)

Best Practices to Better Target Setting

Management by Objectives, SMART, Business Performance Management, Balanced Scorecard, KPIs, CSFs
In most organizations it is very common to specify organizational targets with the aim of increasing performance. This s (...)

Organodynamics: the 3 Laws at the Basis of Performance in Organizations

Strategic Performance Management, Leadership, Corporate Mission, Corporate Culture
Sherwood (2014) introduces the concept of organodynamics, a concept that explores the level of performance that can be a (...)

How to Incorporate Sustainability into Performance Management?

Sustainability Balanced Scorecard, SBSC, Triple Bottom Line
Due to the fact that corporate sustainability issues have become more and more important, organizations are now forced t (...)

3 Steps in Solving Problems with Data Credibility

Improving Data Reliablility, IT, Business Intelligence
The problem of data credibility Data credibility problems have been existed for many years. Due to this credibility pro (...)

Corporate Performance Management Role and Steps

Implementing CPM Processes
Corporate Performance Management has been meant to link management methodologies with business needs for reporting and b (...)
Information Sources

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Various sources of information regarding Performance Management. Here you will find powerpoints, videos, news, etc. to use in your own lectures and workshops.


Establishing a Performance Management Framework for Government

Performance Management in Government
It is argued in this paper by Jack Diamond that to develop a comprehensive performance measurement system requires resol (...)

The Design and Use of Management Control Systems

Performance Management & Control
Building on the frameworks of Simons (1995) and Otley (1999), on case study material, experience and on understanding of (...)

Controlling as a Management Function

Controlling, Management Control
Presentation about controlling as a management activity includes the following sections: 1. Why Management Controlling? (...)

KPIs and KPI Management

Understanding KPIs, Introduction
Introduction by expert Joe Panebianco gives a first understanding of what Key Performance Indicators (KPI's) are and the (...)

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Compare with Corporate Performance Management: Business Intelligence  |  Activity Based Costing  |  Balanced Scorecard  |  CSFs and KPIs  |  Value Based Management


Return to Management Hub: Change & Organization  |  Communication & Skills  |  Decision-making & Valuation  |  Finance & Investing  |  Strategy


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