Performance Management : Integrating Strategy Execution, Methodologies, Risk, and Analytics

by Gary Cokins

• ISBN13: 9780470471166
• ISBN10: 0470471166
• Format: eBook
• Copyright: 2010-03-01
• Publisher: Wiley

Summary

Praise for Praise for Performance Management: Integrating Strategy Execution, Methodologies, Risk, and Analytics"A highly accessible collection of essays on contemporary thinking in performance management. Readers will get excellent overviews on the Balanced Scorecard, strategy maps, incentives, management accounting, activity-based costing, customer lifetime value, and sustainable shareholder value creation." -Robert S. Kaplan, Harvard Business School; coauthor of The Balanced Scorecard: Translating Strategy into Action, The Execution Premium, and many other books"Gary Cokins demonstrates in this book that performance management is not a mysterious black art, but a structured, process-oriented discipline. If you want your performance management system to be a smoothly running analytical machine, read and apply the ideas in this book-it's all you need." -Thomas H. Davenport, President's Distinguished Professor of Information Technology and Management, Babson College; coauthor of Competing on Analytics: The New Science of Winning"Drawing on a deep reservoir of knowledge and experience gained from hundreds of customer engagements around the world, Gary Cokins offers an authoritative examination of the major dimensions of performance management. Cokins not only paints a rich and textured view of the major principles and concepts driving performance management implementations, he offers a nuanced look at the important subtleties that can spell the difference between success and failure. This is an informative and enjoyable text to read!" -Wayne Eckerson, Director of Research, The Data Warehouse Institute (TDWI); author of Performance Dashboards: Measuring, Monitoring, and Managing Your Business"[In this] very insightful book, the view of an integrated performance management framework with a goal to link various operational activities with business strategy is an excellent approach to manage and improve business. Gary's explanation of risk-based performance management, for providing the capability to achieve long-term objectives with reliably calculated risks, is definitely thought provoking." -Srini Pallia, Global Head and Vice President of Business Technology Services, Wipro Technologies, Bangalore, India"Gary Cokins is clearly one of the world's thought leaders in the area of performance management, and the need for integrated performance management, improvement and execution is clearly at a premium in these challenging economic times. This book is a must read for CEOs, CFOs, and management accountants around the globe seeking higher levels of sustainable business performance for their stakeholders." -Jeffrey C. Thomson, President and CEO, Institute of Management Accountants

Table of Contents

About the Author

Preface

Introduction

Rules for Ensuring Poor Performance

Performance Management: Myth or Reality?

What Will Be the Next New Management Breakthrough?

The Future: Enterprise Risk-Based Performance Management

Performance Management Overview

Why the High Interest in Performance Management Now?

Human Capital and Workforce Management: Art or Science?

Tipping Point for Performance Management

An Interview with a CEO You Might Want to Work For

Does ''A Word to the Wise'' Mean Ignore the Dummies?

Performance Management Supports Business Intelligence and Decision Making

How Do Business Intelligence and Performance Management Fit Together?

CEO's Targeted Financial Return: A Goal or a Wish?

Implementing Performance Management

First Barrier to Performance Management: How Do We Get Started?

Where Do You Begin Implementing Performance Management?

The Many Rooms of the Organization Mansion

Accountability and Incentives for Rewards: How Disconnected Are They?

Why Do You Have to Be a Sociologist to Implement Performance Management?

Strategy Maps, The Balanced Scorecard, and Dashboards

The Promise and Perils of the Balanced Scorecard

How Are Balanced Scorecards and Dashboards Different?

When Performance Management Becomes Surgery

Financial Performance Management

Do Accountants Lead or Mislead?

Confusion with Managerial Accounting

What Is Broken about Budgeting?

Put Your Money Where Your Strategy Is

Customer Value Management

From Working for the Boss to Working for the Customer

How Profitable to Us Is Each Customer Today-and Tomorrow?

Optimizing Customer Lifetime Economic Value

Performance Management and Shareholder Wealth Creation

Can Performance Management Accomplish What Einstein Could Not?

Why Do Capital Market Organizations Underachieve Their Planned ROI?

Will Private Equity Funds Turbocharge Applying Performance Management?

Environmental Performance Management

Social and Environmental Performance Management

How Is a Chief Financial Officer Affected by the Sustainability Movement?

Conclusion

Christmas Gift Letter to Santa Claus

Performance Management from Future Diaries

A Dear-CEO Advice Column You Might Want to Read

From Nag to Wag: Why Performance Management Now?

Index

Table of Contents provided by Publisher. All Rights Reserved.