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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)
What else can I help you with?
How do you handle lack of direction strategic performance management?
control and be responsible
What are different techniques of strategic control?
Strategic control techniques include performance measurement, benchmarking, and variance analysis. Performance measurement involves assessing actual outcomes against strategic goals to determine effectiveness. Benchmarking compares an organization's performance with industry standards or best practices, while variance analysis examines the differences between planned and actual performance to identify areas needing adjustment. Together, these techniques help organizations ensure alignment with their strategic objectives and facilitate timely corrective actions.
What is the links between team performance and strategic objectives?
Ask Inayat :P
How can cross business strategic fits boost the corporate performance of a diversified company?
anonymously
What is the contribution of human resource to strategic management?
The contribution of human resource to strategic management includes measurement of personnel performance, and integrating corporate social responsibility into the business.
What is strategic performance management?
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)
What is strategic audit?
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.
What are strategic implications?
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.
What has the author Barry Nolan written?
Barry Nolan has written: 'A study investigating the strategic orientation & corporate performance of Irish exporters' -- subject(s): Export marketing, Corporate planning, Strategic planning
What is the roadmap for balanced scorecard?
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.
What are the duties of a competency based performance management?
Competency based performance management matches currently activities and processes with the exceptions of the organization, usually manifested in mission statements or strategic plans.
Which element of the strategic planning process plays a major role in the establishment of performance standards Explain?
The establishment of performance standards is primarily influenced by the goal-setting phase of the strategic planning process. During this phase, specific, measurable objectives are defined, which serve as benchmarks for evaluating performance. These objectives help align resources and efforts towards desired outcomes, ensuring that the organization can assess its progress effectively. By clearly articulating expectations, organizations can motivate employees and guide decision-making throughout the implementation of the strategic plan.
