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enterprise performance management

Could Beethoven Implement Analytics-based Performance Management?

February 22, 2011 by Gary Cokins
with 1,130 views
1

During Beethoven’s “middle period” of music composition he was attracted to heroes and heroic efforts. This was the time period around 1810 that he composed some of his most popularly recognized pieces. What is common among them is Beethoven’s interest in heroics and champion-like project managers who take on the challenge to implement and integrate EPM’s methodologies? It is these three heroic phases: crisis, struggle, and triumph. [read more]

Business Analytics: My Valentine’s Day True Love Confession

February 14, 2011 by Gary Cokins
with 1,102 views
0

It is Valentine’s Day today. I normally post my blog each Tuesday, but today is an exception. It is April 14. This is a painful blog for me to write because I have a true love confession to make – I have two loves. It involves my relationship with analytics-based enterprise performance management. My Romance Dilemma So what is my... [read more]

Up in the Air

June 22, 2010 by Gary Cokins
with 712 views
0

Did you see the movie Up in the Air starring George Clooney? Those of you who have not seen it probably have heard something about it. It involves a professional with a job who flies in airline jets so much that hotels and airports become his life. There are parts of this movie I relate with. I recently learned that with Delta Airlines... [read more]

Wedding Bells: Risk Management and Performance Management

June 1, 2010 by Gary Cokins
with 340 views
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Inevitably all managerial methodologies, like customer relationship management and profit management and strategy management, will all be integrated. It may not happen for a few years, but software will make it inevitable. The most recent marriage of two of them, enterprise risk management and performance management, is another... [read more]

Stupid Executives Should Be Fired !

April 1, 2010 by Gary Cokins
with 253 views
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April 1, 2010 A potential risk is lurking for opportunistic organizations losing sales. That is, there is a danger for companies that are making stupid decisions during this economic downturn. For example, executives who are reluctant to layoff large numbers of employees to improve short-term bottom line profits should be fired by... [read more]

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Why Do Once Successful Companies Fail?

March 17, 2010 by Gary Cokins
with 3,581 views
4

How can one explain why seemingly successful companies, like Wang Labs and Digital Equipment, go bankrupt or fall from a successful leadership position? I continue to be intrigued by the fact that almost half of the roughly 25 companies that passed the rigorous tests to be listed in the once famous book by Tom Peters and Robert Waterman, In Search of Excellence, today either no longer exist, are in bankruptcy, or have performed poorly. What happened in the 25 years since the book was published? Ponder this question, “How many of the original Standard and Poors (S&P) 500 list originally created in 1957 are on that list today?” Answer: 74, just 15% according to CFO.com. And of those 74, only 12 have outperformed the S&P index average. Pretty grim. My belief is when it comes to considering whether to implement and integrate the various component methodologies that constitute Performance Management, there are actually two choices. To do it or not to do it... [read more]

Am I a Realist or a Dreamer?

March 16, 2010 by Gary Cokins
with 801 views
0

When I write about enterprise performance management I waver between being realistic about what organizations are actually doing with performance management methodologies and being idealistically visionary about what they may be able to do with them in the future. Is this so wrong? When I am a realist I like to describe organizations... [read more]

No Wait in Kuwait – But Some Weight

March 9, 2010 by Gary Cokins
with 136 views
0

I am in Kuwait today and am completing a four week international seminar tour ending in Dubai, Saudi Arabia, Qatar, and now finally in Kuwait. What have I observed? It never ceases to astound me how middle managers seem to quickly comprehend the principles and benefits of the various enterprise performance management methodologies – but... [read more]

Performance Management via Word of Mouse

February 23, 2010 by Gary Cokins
with 125 views
0

The way that organizations learn today is much different than twenty years ago. Back then, for example, managers learned by thumbing through business and trade magazines. Maybe they picked up an idea in from the Wall Street Journal. Occasionally they would go to seminars or read a book about a topic. Maybe they would read an academic... [read more]

2010 – Old Decade, New Decade

February 16, 2010 by Gary Cokins
with 216 views
0

  Let’s look back at the last ten years of applying enterprise performance management methodologies, and then speculate about their next ten years. THE PAST DECADE The beginning of this past decade witnessed more experimentation with techniques like strategy maps, balanced scorecards, product and customer profitability analysis,... [read more]

Is outsourcing business intelligence a good idea?

March 14, 2009 by Peter Thomas
with 1,078 views
2

IntroductionThe phrase IT outsourcing tends to provoke strong reactions. People either embrace it as a universal panacea capable of addressing any business problem, or recoil in horror at the very sound of it. Just for a change, I am somewhere in the middle; to me it is another tool at the disposal of businesses which can either be used... [read more]