Performance measures serve to align an organization’s efforts to the achievement of its mission. As part of a company’s evaluation and control program, they quantifiably monitor important characteristics of the company’s products and services and the performance of the individuals and processes creating them. Performance measures support managerial decision-making by providing useful information regarding:
- how efficient and effective are the company’s processes and the individuals implementing them
- if product or service improvements are necessary
- if the company’s customers and stakeholders are satisfied
- if the company is meeting its stated goals
Performance measures best serve an organization when they are understandable, broadly applicable, uniformly interpreted, and economic to apply. They should cascade through and organization’s hierarchy such that achievement of lower tiered performance goals support higher tiered goals that in turn ultimately support achievement of the company’s mission.
Focus of the Organizational Performance Measures Forum
This forum will focus on the principles, best practices, and warning flags associated with the leading practices of companies that successfully use performance measures to drive organizational alignment, accountability, and operational performance. The following articles, podcasts, documents, and resources cover those topics critical to a strong performance measurement system.
Articles
Principles
Best Practices
Warning Flags
StrategyDriven Expert Contributor Articles
StrategyDriven Podcasts
StrategyDriven Podcast
StrategyDriven Podcast – Video Edition
StrategyDriven Podcast – Special Edition
Documents
Whitepapers
Resources
Books
Enterprise Performance Measurement
We can work with you to assess and improve your performance measurement system; yielding metrics and reports that are operationally relevant, organizationally consistent, and economically implemented. The resulting system helps improve managerial decision-making, organizational alignment, and individual accountability. Learn more about how we can support your implementation and upgrade efforts or contact us for a personal consultation.