Benefits of Performance Management

Turn data into profitable action more effectively and faster

 

Successful Performance-based Company benefits

 

 

An effective performance management system allows you turn data into profitable action more effectively and faster. It allows you create greater value for all stakeholders and outperform your competitors.

When a performance management system is operated effectively, there are great benefits for both individuals and organizations. It creates organizational focus and alignment and a shared mental model for developing, leading and managing the business in a way that coverts strategic objectives into effective and synergistic business practices.

 

Successful Company

Balanced Business System

Performance Management

Performance-based Company

Performance Management System

Examples

 

 

 

 

According to the Institute of Performance Management, an effective performance management system:

▪ Provides the basis for managing the business of today and for developing it into the future through the performance of people

▪ Gives the means for evaluating and improving both individual and company performance against pre-defined business strategies and objectives

 

Service-Profit Chain

How To Measure Performance

Share Gains with Your Employees

Benefits

Examples

 

 

 

▪ Develops employee understanding of what needs to be achieved

▪ Helps all employees to improve corporate performance

▪ Helps all employees to be rewarded on the basis of their contribution

  Performance Management System benefits

 

Vadim Kotelnikov

Measure what you value, value your measurements, and analyze them to discover new ways to create a greater value.

Vadim Kotelnikov, founder of 1000ventures - personal logo VadiK

Inventor Business e-Coach

Author Innoball

Founder Innompic Games icon