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Corporate Performance Management is the totality of the processes and systems that are required to measure and manage the performance of an organisation. It focuses on ensuring that all the parts of the organisation are working together optimally in order to consistently achieve the goal of the organisation. In other words, the focus of Performance Management is RESULT. A well designed and implemented performance management system will shift attention away from behavior and activities towards results. Tools for Performance Management The tools for managing Corporate Performance are diverse and they can be combined. The Balanced Scorecard has however become a critical management system in organisations and hence, our preference for it as an effective tool for managing Corporate Performance. When combined with TQM (Total Quality Management), it provides a framework for invigorating the organisation and helping it to achieve result in an effective and efficient manner ! Our approach includes:
The benefits of implementing a Performance Management System include the following:
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