E-book Category: Management
E-book Title: Total Performance Management
Book Description: Total Performance Management - Strategy Unmasked
Executing Strategy remains the top priority among Global Executives today.
The top five concerns confirmed by executives world wide (as put forward by The Conference Board - October 2008) are: - Excellence in execution (of strategy) 55.4%
- Consistent strategy execution by top management 47.0%
- Speed, flexibility, adaptability to change 46.6%
- Global economic performance 44.6%
- Financial risk 43.8%
This is corroborated by a recent survey by Fortune Magazine it estimated that the problem with more than 70% of organizations that are struggling to meet their goals wasn't because the strategy was wrong but rather the execution of the strategy.
Their comment: In the majority of cases - we estimate 70% - the real problem isn't bad strategy, it's bad execution. Fortune.
At the highest level, Total Performance Management is an organisational discipline; a structured process designed to achieve and maintain the predetermined outcomes and results required by your organisation. That being so, Total Performance and your organisation's Strategy cannot be dealt with independently; as if they are two different things.
Simply expressed, an organisation's Strategy is no more than an hypothesis that articulates what that organisation must accomplish, and sustain, for it to realise its vision and mission.
All of the elements of your business that must be optimally executed must of necessity simultaneously consist of all of the elements of your organisational strategy. Otherwise, why do things optimally that do not have a direct bearing on, nor do not directly progress your realising your vision and mission; i.e. your strategy?
When all is said and done - competitive advantage is built not just on the best strategy, but on the best execution of that strategy.
However, executing strategy is not as easy as it sounds.
Applying an effective strategy development process is a good first step in defining your strategy and improving the likelihood of executing it effectively. This means however, that people at all levels of your organisation must understand the strategy in order to drive its execution. Thus, executing strategy throughout the entire organization is where the challenge of performance management comes into play.
This Total Performance Management eBook will enlighten you to lead your organisation by providing you with simple, comprehensive practicable information to: - Guide you through the key steps in deriving your organisations strategy - starting with your mission, vision and values
- Lead you through a process that will show you how to translate your vision and mission into meaningful, tangible, quantifiable strategic business outcomes and metrics, i.e. your strategy
- Engender an understanding of your strategy, at all levels of you organisation
- Mandate accountability for all the elements of your strategy and its execution
- Achieve maximised improved organisational performance in all aspects
This Total Performance Management - Strategy Unmasked eBook, will augment your personal skill set and provide you with crucial insights and practicable means to both articulate and to realise your organisation's vision and mission - i.e. its strategy More... | |
