Category: Performance Management

Performance Management: The 5-Step Cycle of Managing High Performance

Performance Management is all about developing a foundation where employees can deliver the highest performance. It is a system of strategies, policies, information management and continuous improvement. Highest performance can be achieved only through a holistic system approach to management where everything is organized and streamlined to work on achieving the overall goals of the […]

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Business Process Analysis

Business process analysis focuses on the business processes. Business processes are all sequential and repetitive activities that occur in organizations on a continuous basis – day after day business processes create and deliver value for the organization and its customers in an effective and efficient manner. Example of business process include production process, product and […]

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Management by Objectives

The Difference that Management by Objectives (MBO) Can Make for Your Business Management by Objectives is a form of goal definition within a business that allows the management and the rest of the employees to understand and agree on the same outcomes that need to be achieved by that business. The term was coined in […]

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Performance Metrics

Performance Metrics Development Business metrics are essential for every successful performance management system. Performance management effectiveness depends on identifying and integrating appropriate business metrics – customized to the business, strategy, and industry. Effective dashboard or scorecard report can integrate all relevant business performance drivers or KPIs (key performance indicators). Every KPI is driven by set […]

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Performance Management

The second step in the process is Defining Your Strategic Metrics. For each of the strategic objectives identified in the previous step make a list of the most relevant performance metrics. For example, if one of your strategic objectives is to increase overall sales by 15% then your potential performance metrics would be focused on […]

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The 3 Levels of Performance Management

All of these different levels of performance have to be linked to each other effectively to make sure all organizational activities on every level are streamlined and leveraged into the desired direction of achieving the overall strategic goals and objectives for the company. 1. Organizational Performance At the highest level of organizational performance the overall […]

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Benchmark Performance Measures

The question is ‘compared to what?’. It is important and we must measure our progress and compare our results today with our progress in the past, however is this enough? Do we need a better benchmark – an external benchmarking for our business performance. While we can still improve compared to previous months, quarters and […]

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Developing Employee Performance Evaluation System

How to evaluate and measure employee performance? While job descriptions are excellent tools for HR and managers to summarize the scope of employees’ responsibilities, duties and major focus – performance metrics are tools for converting those general statements into actionable and measurable initiatives. The key initiatives for each employee can be defined in a specific […]

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Moneyball: The 5 Performance Management Lessons for Managers

The book and the movie are about the low budget Oakland Athletics and Billy Beane their general manager. By following the conventional approach and with his low budget Billy Beane was not able to compete with the top teams with big budgets which can afford buying the top players. At the same time he didn’t […]

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Business Performance Management Guide

Performance management tips, best practices, applications, articles and software for planning and managing performance goals, objectives, targets, metrics and KPIs for corporate and small business performance management. How to develop and organize a successful business performance management system? Excel Dashboards and Performance Management How to create powerful excel dashboards and performance measurement system for your […]

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