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How Can Performance Management Enhance Organizational Performance?

Source: Financial Executives International TV

Gary Cokins, Global Product Marketing Manager

Runtime: 7:41

Gary Cokins is the author of "Performance Management: Finding the Missing Pieces to Close the Intelligence Gap"

Key Takeaways:

  1. Performance Management is a portfolio of methodologies that draws on business intelligence and transactional data for decision support.
  2. Forces behind Performance Management: Failure to implement strategies; increased accountability with consequences; rapid decision-making; distrust of managerial accounting systems; customer value management; strategies not being linked with budgets; and unfulfilled promises from systems implementations.
  3. All Performance Management methodologies are essential and fit together. They should be sequenced in order to maximize organizational performance.

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