"However Beautiful the Strategy, You Should Occasionally Look at the Results" --Winston Churchill
Performance Management is all about looking at the results of executing your strategy. It is an important step in your organization’s success to have developed a strategic plan, but it takes you to a whole other level when you actually start to execute the plan and that is where performance management comes in.
Without those strategic goals and objectives as well as the initiatives you will implement to achieve those goals and objectives, it is hard to be a successful organization. But, how will you know when you are doing well or not so well? And, when you’re not doing well, when and in what forum is your leadership team going to discuss what needs to be changed to improve your strategic performance? Take it from Winston Churchill, you have to look at the results in order to be truly successful.
Implementing a strategic performance management system like the Balanced Scorecard will help answer these questions.
At Edison Strategy, we use our deep experience in strategy and performance management systems to help organizations develop the measures, or key performance indicators (KPIs), they need to track their performance in implementing their strategy. We will also help you set up the governance and change management mechanisms—such as setting a review meeting calendar and walking you through the first few meetings—required to successfully implement a strategic performance management system.