How Do I Choose the Best Performance Management Strategy?

Strategic performance management refers to a management system that adopts a certain method to evaluate and evaluate the long-term strategy formulation and implementation process of an enterprise, and is accompanied by corresponding incentive mechanisms. Strategic performance management is a strategy-oriented performance management system, and a system that promotes the full-scale contact and timely monitoring of all management activities in planning, organization, and control. Its activities mainly include two aspects: one is to establish a scientific and standardized performance management system based on the corporate strategy, and to lead the company's various business activities based on the strategy; the other is to review each performance management cycle according to the relevant performance management system , Perform performance evaluation on the management team or responsible person, and assign value to them based on the evaluation results.

Strategic Performance Management

Applied in practice

With the right strategy, it does not mean that it can be effectively implemented. In the process of implementing strategic performance management, the following four links are key:

Decision-making determination

The core of strategic performance management is to focus on strategy, and there may be a gap between strategy and reality. In order to achieve the strategy, some benefits may be abandoned, and the structure of vested interests may be changed. These are huge changes for enterprises. At this time, whether decision-makers can make up their minds and be willing to pay is the key to the success of strategic performance management.

Construction of Performance Management Chain

Strategic performance management is not a matter for one person or one organization, but for the overall responsibility of the enterprise. Therefore, can a strategic approach be used to decompose strategic goals into departments, levels, and individuals, forming a chain from top to bottom, and everyone is responsible It is also an important condition for strategic performance management to play a systematic role.

Process is better than result

The so-called strategic performance management, the theoretical and consulting circles are more consistent: the construction of a strategy-oriented

ESPM model

Performance management communication mainly refers to the communication among organizers, appraisers, and appraisers. according to

Actor

Tang Dongfang

Publishing house

China Economic Publishing House

Strategic performance management ^[2]

date of publish

2011-1-1

Actor

By Qin Yangyong

Publishing house

China Economic Publishing House

date of publish

2009-1-1

Edition

1

Pages

241

format

16K

SBN

9787501781409

package

paperback

brief introduction

The management consulting solution proposed by Zuojia's consultants is based on the strategic performance as the main line to improve the strategic execution of Chinese enterprises. Including strategic planning, group control mode, business plan and financial budget, process and organization, human resource management and corporate culture and other aspects of change, "strategic performance management" is the main line of this management consulting solution. We also firmly believe that Chinese companies can guide their management practices through this operation plan. Especially in China's group enterprises, only by adhering to the "focus on strategic performance" and rationalizing the linkage relationship between various management systems can they effectively improve and enhance their strategic execution.

This is a book about the implementation of Chinese corporate strategy. What is different is that this book shows the procedures, methods and tools of strategic performance management practices. It is the first to integrate PESTEL, Porter Five Forces, Porter Value Chain, SWOT analysis, balanced scorecard, objective management, strategic KPI and other operational tools. The readers of this book are mainly enterprises, especially entrepreneurs and managers of Chinese enterprises, business management consultants, and researchers of strategic performance management practices. This book can also be used as an extra-curricular tutoring material for MBA, covering areas such as strategic management, performance management, process and organizational structure design, human resources, and so on.

Media comment

As far as I know, several strategic performance management tools that are more effective in the West are not mutually exclusive, but complementary. Among the Fortune Global 500 companies, the result of our survey is that most companies are using the balanced scorecard. I have also done research in many companies. There are quite a few cases that can help companies effectively implement strategies, Improve efficiency and enhance competitiveness.

-Robert S. Kaplan, founder of the Balanced Scorecard and professor at Harvard University

Ten years ago I went to teach from Miami to China. It is emphasized that Chinese enterprises should attach importance to strategic performance management. I still say so when I come to China today. I am gratified that strategic performance management has gradually become the mainstream method for strategic management of Chinese enterprises, driven by Zuojia's consultants.

Macheal L warner, an internationally renowned strategic performance expert

What the Chinese enterprise group management lacks is no longer the theoretical system and framework, but the actual management methods and tools. I firmly believe that the publication of "Strategic Performance Management" will play a decisive role in promoting the strategic implementation of group companies in China.

Wang Zhao, President of Blue Ocean Education Group

This is a book about the implementation of Chinese corporate strategy. What is different is that this book shows the procedures, methods and tools of strategic performance management practices. It is the first to integrate PESTEL, Porter Five Forces, Porter Value Chain, SWOT analysis, balanced scorecard, objective management, strategic KPI and other operational tools. I highly recommend this book to Chinese companies, especially senior managers of large group companies.

Li Ligang, Senior Management Consultant

Strategic performance management is a strategy-oriented performance management system. It is a systematic project that requires companies to participate in the whole process and in all directions, and to connect with all management activities such as planning, organization, leadership, and control. It includes two aspects: one is to formulate a scientific and standardized performance management system around the corporate strategy, which leads the company's various business activities to always focus on the strategy; the other is to check the previous performance cycle based on the performance management system, The team or responsible person performs performance evaluation and performs value allocation and power allocation accordingly.

The implementation of strategic performance management must go through such a process:

Among them, the selection of performance management strategy is a very important stage, and it is also a key link between the corporate strategy and the design of the performance management system. Without this link, performance management is often difficult to achieve the "similarity" of strategy. Therefore, in strategy In the process of performance management, the process of strategy selection cannot be ignored, and it requires the high-level attention and participation of senior management.