Few factors are as important to performance as measurement. The age-old management principle, "You get what you measure," has stood the test of time. If a management team lacks a real-time method to perceive organizational performance, that team is navigating without a compass. Despite the best efforts of many executives, companies without an effective strategic measurement system lack focus and are less productive. Management must spend time sifting through large amounts of data to identify crucial information, time that would be better spent leading the company. Many executives feel that they would have averted a problem if they could have had access to real-time data on performance.
Most existing performance measurement systems need updating. They primarily monitor financial measures of past performance — lagging indicators that provide information too late for remedial action. They place insufficient attention on customers and markets that represent the future of the business. In the worst cases, they focus on the wrong indicators diverting management attention from what is really important.
A good Strategic Measurement System (SMS) helps drive corporate strategy. It instantly focuses managers’ attention on areas that can have the most impact on results. It unifies an organization behind its business goals by clearly linking goals to measures and tracking these measures on a real-time basis. It provides the basis for accountability throughout an organization.
The Interliance Strategic Measurement System
Our expertise is the up front critical analysis and strategic thinking behind the SMS. Some companies, driven by technology rather than content, have spent millions of dollars to implement new business information software. However, a recent survey of 100 executives of leading companies found that only one out of three of these initiatives succeeded in creating value for the company. The success of any system depends upon correctly identifying what needs to be measured. We find that companies need unique success metrics if they want to affect radical change and depart from business-as-usual. Interliance's strategically driven, cost-effective system provides maximum return on a company's investment.
Strategic Measurement System Solution Profile Benefits
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Identifies the key drivers behind performance.
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Translates strategy into action by deploying measures across an organization.
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Focuses executive attention on actions that can have the most impact on results.
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Accelerates access to results for managing corrective action.
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Provides the basis for accountability throughout a company.
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