Exploring the Two Types of Performance Management
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Exploring the Two Types of Performance Management
Performance management is a crucial aspect of organizational success, and understanding its two primary types is vital for effective implementation. In this comprehensive exploration, we delve into the intricacies of Strategic and Operational Performance Management, shedding light on their unique features and relevance.
Strategic Performance Management: Aligning Objectives with Vision
1. BSC Designer
BSC Designer facilitates the implementation of Balanced Scorecard methodology, a key component of strategic performance management. It enables organizations to align their strategic objectives with measurable key performance indicators (KPIs).
2. ClearPoint Strategy
ClearPoint Strategy offers a cloud-based platform for strategic performance management. With features like strategy mapping and performance dashboards, it empowers organizations to visualize and execute their strategic plans effectively.
Operational Performance Management: Enhancing Day-to-Day Efficiency
3. Anaplan
Anaplan focuses on operational performance management by providing a platform for connected planning. It enables organizations to enhance collaboration, make data-driven decisions, and optimize operational efficiency.
4. Sisense
Sisense offers a business intelligence platform that contributes to operational performance management. Its capabilities in data integration and analytics empower organizations to gain insights for improving day-to-day operations.
5. Oracle NetSuite
NetSuite, an Oracle product, provides a comprehensive suite of cloud-based applications, including ERP and CRM. It plays a pivotal role in operational performance management by streamlining business processes and fostering real-time visibility.
Conclusion
In conclusion, both Strategic and Operational Performance Management are integral components of organizational success. Strategic management aligns long-term objectives with the organizational vision, while operational management focuses on day-to-day efficiency. By understanding and implementing these two types effectively, businesses can achieve a holistic approach to performance management.
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