Effective Performance Management & Strategic Planning for the 21st Century
This article is a summary of a YouTube video "Performance Management and Strategic Planning for the 21 century" by Global Performance Management Academy
TLDR Performance management is essential for driving performance and success in organizations, and it involves aligning individual goals with strategic planning, empowering employees, embracing change, challenging the status quo, and adopting a collaborative approach to management.
Performance Management and Measurement
Performance management involves the use of measurements, metrics, and analytics to assess and improve performance.
Performance is essentially important in business, just like scoring goals in sports, and it should be a proactive and conscious activity.
Alignment between strategic planning and individual goals is essential for empowering employees and driving performance.
Performance management is the third most important factor affecting strategic actions, highlighting the significance of linking organizational and individual/team goals.
The balanced scorecard provides a broader view of business perspective, allowing for better links between measurements and long-term mission, vision, and values.
Organizational Culture and Change
Empowering employees by delegating and trusting their creativity and abilities can lead to increased productivity and effectiveness in modern management.
️ Change is inevitable, but growth is optional - organizations must embrace change and be agile in order to thrive in today's rapidly evolving landscape.
A breakthrough is often achieved by someone who is willing to challenge the status quo and make changes, regardless of their level of intelligence or knowledge.
The new way of looking at management involves moving from hierarchy and bureaucracy to a more collaborative approach, recognizing the value of teamwork and cooperation in organizations.
Having a clear vision is crucial for the success of any organization, as without it, people will perish.