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A resource portal for all your Enterprise Performance Management Meetings are a part of our daily life in corporations, but have you been questioning the value of meetings? Some love meetings, others hate meetings. I came across some interesting statistics* that I want to share with you. 55% of all meetings are dominated by one or two persons 32% of…
A resource portal for all your Enterprise Performance Management There is a clear cause effect relationship between how engaged the employees are and the profit a company makes. A study by Hewitt Associates shows that those companies with an engaged workforce (where more than 65% of employees consider themselves as engaged) are doing better than the stock market even at…
A resource portal for all your Enterprise Performance Management The power of execution is one of the qualities that I appreciate most in my employees. As it is in most companies, you have a mixture of "talkers" and "doers". Just think of the value creation your company could have if you could switch the "talkers" to "doers". What can help…
A resource portal for all your Enterprise Performance Management According to recent studies, many companies are not realizing their full potential. Indications are that 40-60% of a company's strategic potential is not realized. There are probably many reasons for this, but today I would like to focus on one factor that I think is valuable. This summer I hired a…
A resource portal for all your Enterprise Performance Management I have come across this quote several times in the last few months. I have been thinking about the reality of this quote. Why isn't it strategy that eats culture for lunch?! If we just compare the power structure of it, you will see who wins: Culture Strategy Why culture wins…
A resource portal for all your Enterprise Performance Management I have been visiting several customers lately and have been seeing their scorecards. Among all, particularly in banking and finance I noticed that their scorecard is populated with up to 100 KPI's! They might have an objective - "high uptime on our critical banking systems" with 50 corresponding KPI's that show…
A resource portal for all your Enterprise Performance Management The Balanced Scorecard has been evolving since it was first mentioned by Art Schneiderman in 1987. Kaplan and Norton branded it and made it known to the world. They further developed it from a measurement system in to a management system, and connected strategy to the theory. Balanced Scorecard is still…
A resource portal for all your Enterprise Performance Management One of my favorite fairy tales from when I was a boy is Winnie-the-Pooh. He was once asked "where should we go?". "I don't know he replied". And then they ended up being there. I see the same pattern with annual reports. It amazes me how companies with weak/no defined objectives…
A resource portal for all your Enterprise Performance Management We all know from our own marriages how difficult communication can be! There are structural differences in the male and female brains, which make us misunderstand messages. I once heard a story on how difficult communication can be between two countries. This story is from 1979 and is about the Egypt-Israel…
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