Business Performance Management Assessment Tools

Topics: Business intelligence, Business performance management, Balanced scorecard Pages: 4 (1175 words) Published: December 16, 2010
Business performance management is a set of management and analytic processes that enable the management of an organisation's performance to achieve one or more pre-selected goals. Synonyms for "business performance management" include "corporate performance management" and "enterprise performance management".[1][2] Business performance management is contained within approaches to business process management.[3] Business performance management has three main activities:

1. selection of goals,
2. consolidation of measurement information relevant to an organisation’s progress against these goals, and 3. interventions made by managers in light of this information with a view to improving future performance against these goals. Although presented here sequentially, typically all three activities will run concurrently, with interventions by managers affecting the choice of goals, the measurement information monitored, and the activities being undertaken by the organisation. Because business performance management activities in large organisations often involve the collation and reporting of large volumes of data, many software vendors, particularly those offering business intelligence tools, market products intended to assist in this process. As a result of this marketing effort, business performance management is often incorrectly understood as an activity that necessarily relies on software systems to work, and many definitions of business performance management explicitly suggest software as being a definitive component of the approach.[4] This interest in business performance management from the software community is sales-driven[citation needed] - "The biggest growth area in operational BI analysis is in the area of business performance management."[5] Since 1992, business performance management has been strongly influenced by the rise of the balanced scorecard framework. It is common for managers to use the balanced scorecard framework to clarify the...
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • Performance Management Essay
  • Essay on Performance Management
  • A performance Management Essay
  • Business management Essay
  • Essay about Performance Management Plan
  • Essay on Business Management
  • Management Styles Influencing Business Performances in the 21st Century Essay

Become a StudyMode Member

Sign Up - It's Free