By David A. J. Axson
A pragmatic framework for successfully dealing with functionality in modern-day advanced, aggressive and dicy international marketsThe 3rd variation offers a whole framework for development most sensible perform administration tactics for modern complicated and unsure global. absolutely up-to-date to mirror the occasions of the worldwide fiscal trouble, this publication offers additional functional examples of businesses which are effectively utilizing the practices pointed out. up-to-date for the results of the worldwide financial concern on administration practicesCompletely rewritten part on "What it Takes To Be a good supervisor In An doubtful WorldAdded examples and mini case experiences during the booklet from businesses similar to Qualcomm, IBM, Dominos, objective, Toshiba and FacebookEstablishes new benchmarks for functionality administration method and practiceFully up-to-date to incorporate fresh occasions, new learnings, applied sciences and rising most sensible practicesThis e-book comprises severe rethinking of how businesses plan and deal with performance-from the function of accounting to the talents had to be a good manager-including new applied sciences, concepts and genuine time administration methods.
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Additional info for Best Practices in Planning and Performance Management: Radically Rethinking Management for a Volatile World, Third Edition
Clearly, a practice that results in an unacceptable increase in risk is not really a best practice. Usually the problem lies in the way in which the practice has been implemented. For example, eliminating approvals of invoice payments without implementing compensating up-front controls weakens the process and increases the risk to an unacceptable level. At a minimum, best practices must maintain the existing level of control. In many cases, they increase the level of control and reduce overall risk.
EFFECT A MEASURABLE CHANGE IN PERFORMANCE No organization consciously changes something without expecting benefits to accrue; unfortunately, all too often implementation does not translate into a measurable improvement in cost, quality, or service. A best practice allows an organization to achieve its maximum potential level of performance in the area to which it is applied and for that level of performance to be measured. This is the standard to which all best practices must be held. E1C02_1 05/19/2010 28 28 What Is Performance Management?
For example, Levi Strauss encountered significant resistance from its traditional retail partners when it started selling its products online but barred them from selling Levi’s and Dockers on their own web sites. C. Penney, Kohl’s, Macy’s, and others to sell Levi’s merchandise on their sites, a change that solved the initial conflict issue. Charles Schwab solved the conflict between its retail offices and its online presence by ensuring that retail offices received full credit for all online business conducted by clients in the territory of each office.
Best Practices in Planning and Performance Management: Radically Rethinking Management for a Volatile World, Third Edition by David A. J. Axson