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In this global fiscal crisis, many business ownersand executives are looking for ways to maximize organizationalperformance and cut costs at the same time. While this is a verydifficult task for most CEOs, the truth is these goals can beaccomplished with relative ease once we stop relying on technology andstart focusing on our internal processes and leveraging existingassets. According to business intelligence software vendor SAS, thenumber two reason why performance programs fail is failure to adoptbest practices. But what are performance management best practices andwhy are they so valuable? By definition, they are techniques ormethodologies that, through experience and research, have been provento reliably lead to desired performance results. This article discussesthe value of applying performance management best practices andleveraging your existing assets for maximum performance.Mostcompanies have some form of performance management processes in place.It's common to baseline performance, apply a set of performancemetrics, identify goals and create a plan to reach them. But where mostcompanies fail are in the intangible processes, such as gainingemployee acceptance and buy-in, aligning performance to organizationalobjectives, choosing the right business intelligence tools, and soforth. It's these intangibles that can bring performance initiatives toa halt. If you simply address these intangible processes whileimplementing your existing performance initiatives, you cansignificantly increase your performance success through these toughfinancial times.It has become our business culture to investlarge sums of money on business intelligence tools and high pricedconsulting for managing data and key processes that driveorganizational success. We have become so reliant on these products andservices as solutions that we have failed to understand the true causeof organizational breakdown, and that is our internal processes, mostspecifically, how we approach managing performance within ourorganization.You've probably heard the saying 'what getsmeasured, gets done'. Well, that's true. But equally true is HOW it'smeasured determines HOW WELL it gets done. You can use all the industrystandard metrics you can find, but if internal processes aren't inplace to educate and motivate those being measured, or if differentdepartments are executing the same functions differently, the systemsyou have in place will not drive peak performance. Metrics quantifyhigh performance, but it's the best practices and processes that getyou to that level.So how are organizations supposed to adoptperformance management best practices when there is not a comprehensiveset documented and integrated into a logical, effective framework?Lifecycle Performance Professionals, LLC identifies 36 best practicesthat greatly impact the success of any performance initiative, and hasan excellent, low cost tool that evaluates an organization's approachto performance management and measures how well they utilizeperformance management best practices throughout the entireorganization. It is called the Organizational Performance and BestPractices Analysis and it maps these best practices to people,processes and systems and provides a custom step-by-step roadmapdetailing your critical path to success. By fully understanding whereyour organization utilizes best practice processes well, you canleverage those strengths and resources to departments that need themthe most. Article Tags: Performance Management Best, Management Best Practices, Organizational Success, Performance Management, Management Best, Best Practices, Internal Processes, Business Intelligence
How,Turbo,Charge,Organizationa