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Performance Management

Performance Management Defined

Performance Management is a methodology that:

  • guides and enables the organization to carry out its mission, vision, and values
  • uses the Balanced Scorecard to define strategic linkages to integrate performance across organizations. 
  • communicates the strategy to a business unit, joint venture, or shared service.
  • uses the Balanced Scorecard to develop performance measures for financial, customer, internal processes, and growth and learning to align employees with the strategy
  • aligns everyone within an organization so that all employees understand how what they do supports the strategy
  • provides feedback to senior management if the strategy is working
  • shows where the gaps are between targets and actuals
  • develops action plans to achieve targets
  • uses activity based costing to better understand customer, product, service, channel profitability in order to achieve targets
  • uses Activity Based Management, Process Management, and TQM to achieve targets
  • ties compensation into action plans and performance measures

Contact John Antos at 972.980.7407 or john.antos@activitybasedmgmt.com to find our how our value creators can improve your performance.

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Send email to:  john.antos@activitybasedmgmt.com
Copyright © 1999-2005 Value Creation Group, Inc.
Last modified: December 09, 2005