Corporate Performance Management for Strategy Execution
Monday, February 11, 2019
1.5CREDITSBusiness Management and Organization
Poor strategy execution frustrates many executives as their organizations struggle with performance improvement, making decisions using intuition in the absence of hard data. Corporate performance management (CPM) seamlessly integrates many techniques including strategy maps and a balanced scorecard. Together they align manager and employee behavior, actions, and priorities using key performance indicators (KPIs) with specific targets to enable accountability.
This event may be a rebroadcast of a live event and the instructor will be available to answer your questions either during or after the event.
- Why companies fail
- Managing in a volatile and uncertain environment
- Management accounting's "6 evolutionary eras
- The confusion and ambiguity about CPM
- What is CPM?
- How public sector government and commercial organizations use CPM
- The 8 forces causing high interest
- Strategy Formulation and Strategy Management
- Leadership's reluctance to communicate strategy to employees
- Problems with measurements
- The role of a Mission and Vision statement
- The Strategy Map - its purpose and structure
- Selecting key performance indicators (KPIs)
- Distinguishing between strategic KPIs in a balanced scorecard and operational process measures (PIs) in a dashboard
- Validating the quality of KPIs with correlation analysis