Tagged ‘Evidence Based’
As management practice becomes increasingly complex, the professionals within the sector have embarked on a program to codify and therefore disseminate basic tenets of business performance management. It is no longer enough to manage by instinct and talents. Executives are requires to attend training courses and could even obtain qualifications in management. This article will look back at the brief history of business performance management.
Even before it became a business concept that is we there were applications of business performance in a non-office environment. For examples Tzu framed it in terms of understanding the relative weaknesses of the opponent and competitor.
This understanding of business performance management was particularly useful when undertaking warfare. It would involve the inversion of the formula so that one could examine their own organization and apply the same rigorous standards that they would apply to an enemy. It still involved the essential ingredients of data gathering which was then deciphered and turned into practical information. Read the rest of this entry
Do you believe that business intelligence is some mumbo jumbo fantasized by greedy management consultants who are after your hard earned cash? Are you a business owner or manager who will not employ business analysis tools? Do you think you know your business inside out? Are you confident that there is nothing you can learn about your business? In other words are you complacent? If you are any of the above then you can think again.
If you have a particularly small business which employs less than 10 people and is primarily based locally, then chances are that you know a lot about your business or if not, just enough to make sure that it doesn’t go under. However if you are running a larger show, you may never be able to understand what goes on in your company and surely that is a recipe for disaster. Read the rest of this entry
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