Deciphering the Web of Business Intelligence Tools

business intelligence streamlineThe process of commissioning business intelligence tools will form one of the earlier phases in strategic planning when a business is trying to streamline decision making so that it is largely evidence-based. One approach is to look at each available tool that may be used by partners or competitors and then find ways of incorporating it within the existing and future business plans.

The other approach is to set out an over-arching strategy model which will ultimately determine the processes and outcome of the commissioning. This article is intended to provide both an overview and introduction to the fundamentals. … Read more

Business Performance Management Cycle within Manufacturing Model

manufacturing product development projectFortunately for the novice manager, there is a business performance cycle which can act as a framework. It is the blank canvass on which the manager can imprint the development of the business. It also provides parameters through which one examines the day to day activities of the company.

For the purposes of convenience we will describe the mode that essentially looks at the manufacturing model. This model will vary slightly with those within specific service industries but it gives a good example of the progression of the business performance management project.

It assumes that there are several major activities in the organization which include designing new products, creating models of the potential products, the actual manufacture of those products, and a review of the processes and finally optimizing the benefits of the product line. … Read more

Balanced Scorecard Work As A Business Performance Management System

Business performance management scorecardBusiness performance management systems that want to move beyond the obvious performance indicators such as corporate finance will have to include the balanced scorecard in their mix. It tends to operate by attaching targets to non-traditional performance factors such that the company has an overall picture of success.

The first major challenge is to identify which project requires which indicators. The list of performance desirable will be virtually endless and the managers will have to make a decision to prioritize or deprioritize certain factors.

A weighting index can be applied and the decision making about the factors can be democratized so that everyone has a chance to contribute their own interests. However the business has to have its own standards that ensure that the strategic objectives are being carried out even at the lowest units. … Read more