Performing better, using integral performance management
2005 - CFO Magazine UK - Peter Geelen & Rob van de Coevering
Introducing performance management in today’s business is associated with implementing commonly accepted management methodologies. Among these the most popular one is the balanced scorecard. The results of this type of performance management methodologies have often proved to be disappointing. integral Performance Management (iPM) is a very good alternative.
iPM has 5 steps:
Verify and validate mission, vision and strategy.
Define financial and customer objectives.
Determine key processes and decompose.
Determine performance gaps and define initiatives for improvement.