« March 2007 | Main | May 2007 »
April 25, 2007
BI for Leadership
"The best definition I can think of for leadership is achieving results through other people. If you follow conventional wisdom, metrics can tell you to what extent these results are achieved - an after-the-fact exercise. But if you do it right, metrics actually drive the behaviors that lead to sound business results. And that is when Business Performance Management becomes a leadership tool."
- Frank Buytendijk, Vice President of Corporate Strategy, Hyperion
= = =
If a baseball player gets compensated based on the number of home runs, then every player will emulate Barry Bonds.
If a baseball player gets compensated based on the number of hits, then every player will emulate Suzuki Ichiro.
If a baseball player gets compensaged based on the number of steals, then every player will emulate Ricky Henderson.
If a baseball player gets compensated based on the number of saves, then every player will emulate Mariano Rivera.
If a baseball player gets compensated based on the number of strike outs, then every player will emulate Roger Clemens.
Indeed, metrics motivate people. Leader's job is to choose the right metrics that matter for the organization and monitor them. BI can implement this process and help leaders to effectively motivate people.
Yes, BI for Leadership.
Share:
Posted by William Cho at 3:15 PM | Comments (0)
April 23, 2007
BPM software Improves Employee Morale
Once an organization implements a Business Performance Management system, it can keep good employees happy and reduce costly turnovers.
Andy Kamlet states in his article ("How BPM Software Improves Employee Satisfaction", BPM Magazine, Feb. 2007) that BPM system :
1) Improves employee productivity by freeing people from long hours of discouraging manual data entry - If one can do more work in fewer hours, his morale goes up.
2) Builds confidence and buy-in among employees - If one can see what they do daily and understand how it contributes to the overall organizational goals, she feels a sense of control and her morale goes up.
3) Promotes respect for the budgeting process - If one can see how their input affects the budget and feel budgeting is a worthwhile investment of his time, his morale goes up.
Increased employee morale leads to increased employee retention, which will improve the bottom line of the organization.
Share:
Posted by William Cho at 8:15 AM | Comments (0)
