Strategic execution remains a major challenge for many organisations, with up to 70% of organisations failing to execute strategy successfully. Enterprise Performance management, also known as Corporate Performance Management, is critical in managing and monitoring the execution of strategy, and ensuring that progress is consistently made towards delivering on the organisation's objectives.
Enterprise Performance management is about achieving strategic objectives. It is about clearly defining and communicating objectives across your organisation; aligning your organisation to meet them; and continuously planning for, monitoring progress of, and analysing exceptions to ensure they are achieved. Developed in the early 1990s the Balanced Scorecard, along with the Strategy Map, is one of the most widely adopted performance management methodologies today.
“However beautiful the strategy, you should occasionally look at the results.” Winston Churchill