2010 – Old Decade, New Decade

Let’s look back at the last ten years of applying enterprise performance management methodologies, and then speculate about their next ten years. THE PAST DECADE The beginning of this past decade witnessed more experimentation with techniques like strategy maps, balanced scorecards, product and customer profitability analysis, and driver-based budgeting. Much […]

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ABBA: Take a Chance on Me … Choose Performance Management in an Ailing Economy

Did you see the movie "Mama Mia" with all the ABBA tunes? My favorite song was “Take a Chance on Me.” I think my wife did when I proposed marriage to her. I’m a little like Forrest Gump’s box of chocolates. You never know what you’re going to get. But […]

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What is the Best Organization Chart for Performance Management?

Dutch business executives and government administrators are digesting the findings of a recent research study about how to best organize departments, functions and divisions for the 21st century. The report, "The Emergence of the Multidimensional Organization," from the Universteit van Amsterdam’s business school , revealed through field research with 40 […]

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Pay Bonuses for Performances – Try a Little Science!

I have had a few debates with compensation consultants about the merits of integrating an organization’s employee bonus plan with its strategy map, balanced scorecard and dashboard metrics program. I wrote about this topic in May, 2006 in my article titled, Accountability and Incentives for Rewards: How Disconnected Are They? […]

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What Might Your Executives Say in the Year 2015?

If you have been reading my blogs, you may have detected that I have become a little cynical with managers who have not been more quickly adopting the various methodologies of Performance Management. Maybe this is because I am not 30 years old anymore (try doubling it), and my desire […]

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A Strategy Map is Not a Check-in-the-Box Exercise

What bothers me is how little consensus there is about what a balanced scorecard is and what measures should be reported in it. But what is more bothersome is for organizations who claim they have a balanced scorecard, how few of them began with first constructing a strategy map. A […]

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Why not an Automobile GPS Navigator for an Organization?

The latest rage is to have a global positioning system (GPS) route navigator in our automobiles. As with most new technologies, such as when handheld calculators replaced sliderules (I’m revealing my old age) or laptop computers emerged, a GPS is another gadget that is evolving into a must-have. It gets […]

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Which Methodology is Performance Management’s Jewel-in-the-Crown?

I consistently describe Performance Management as not a new methodology but rather the integration of multiple existing methodologies – and spiced with analytics, particularly predictive analytics. But which methodology is the jewel-in-the-crown? Which one is the special one provides the largest benefits? As organizations embrace the full vision of performance […]

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Predictive Analytics – Dream or Reality?

In his February 7, 2008 blog post, Juha Harkonen reports his impressions from the CFO.com conference on Performance Management Analytics conference in San Francisco (DISCLAIMER: the company I work for, SAS, was coincidentally a platinum sponsor of the event). Juha states, “I spoke with some of the consultants at the […]

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India – Bit Player or Global Power?

If you have not been recently looking at India, you may be missing the economic transformation of a country that arguably qualifies as a global leader. India may not yet be a member of the G8 or the United Nations’ exclusive Security Council, but they sure have a lot going […]

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