Strategic performance management is defined as: the process where steering of the organisation takes place through the systematic definition of mission, strategy and objectives of the organisation, making these measurable through critical success factors and key performance indicators, in order to take corrective actions to keep the organisation on track (Dr. Andre A. De. Waal)
control and be responsible
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The contribution of human resource to strategic management includes measurement of personnel performance, and integrating corporate social responsibility into the business.
Strategic performance management is defined as: the process where steering of the organisation takes place through the systematic definition of mission, strategy and objectives of the organisation, making these measurable through critical success factors and key performance indicators, in order to take corrective actions to keep the organisation on track (Dr. Andre A. De. Waal)
Strategic implications refer to the potential outcomes or consequences of a strategic decision or action for an organization. They involve assessing how a decision will impact the overall direction, performance, competitiveness, and sustainability of the organization. Understanding strategic implications helps leaders make informed choices that align with broader organizational goals and objectives.
Strategic audits are examinations and evaluations of strategic management processes including measuring corporate performance against the corporate strategy. Whenever a deficiency is noted or performance of an organization is sub-par, the organization may elect to perform a strategic audit. This may be done with in-house auditors, or an audit firm may be contracted to perform the audit. The auditors will audit performance of the organization against the current corporate strategy and seek to identify problems within the current strategy that may be tied or can be traced to poor performance. Upon completion of the audit, a report will be created regarding the auditing firm or group’s findings and submit the report with recommended remedies to the management of the organization. The organization will then seek to implement the proposed remedies with hopes of increasing organizational performance.
Barry Nolan has written: 'A study investigating the strategic orientation & corporate performance of Irish exporters' -- subject(s): Export marketing, Corporate planning, Strategic planning
The roadmap for implementing a balanced scorecard typically involves defining strategic objectives, identifying key performance indicators (KPIs), setting targets, aligning organizational processes with the scorecard, implementing a communication plan, and continuously monitoring and adjusting performance based on feedback. It is a structured approach to ensure that the organization's strategic goals are translated into actionable metrics to drive performance.
Competency based performance management matches currently activities and processes with the exceptions of the organization, usually manifested in mission statements or strategic plans.
Because it is in long term performance while other in short term
Aditya Debraj