Performance in Large Corporations
Performance in Large Corporations
Rethinking performance management for large corporations
The world in the twenty-twenties is a very different place from five years ago. In the UK, more than 1.5m people regularly work from home; environmental sustainability has become a major issue, and technology is creating disruptive change. The business environment is VUCA: that is Volatile, Uncertain, Complex and Ambiguous. The challenges facing businesses now include:
- Stimulating initiative, flexibility and creativity without creating chaos
- Managing people in disparate locations; ensuring everyone is working towards the same goals
- Managing younger people who have different expectations of work
- Linking strategy to action without hindering change
- Deciding which courses of action to take and which priorities to set when possibilities are endless
How can performance management help?
One of the clear objectives of a good Performance Management and Measurement System (PMMS) is to set and communicate direction. Beyond this, decisions about what you measure indicate which actions are most important in following the right path and achieving the businesses goals. In this way, good PMMS’s will help to bind people together wherever they are.
The process of deciding those priorities and how to measure them, then reviewing results can create opportunities to learn within themselves, by shining a light on what is really happening.
How we can help you?
- Facilitate your process of setting key objectives and creating a plan on a page
- Ensure your processes and systems are in alignment and not inadvertently creating silos
- Ensure you are measuring what is really important for your business across a balanced range of factors
- Check your KPIs are encouraging the actions and behaviours you need rather than creating undesirable consequences
- Facilitate and embed a simple process for creating and testing KPIs
- Review your current processes and propose developments
Talk to us today to help your large corporation build sustainable perfomance
A newly created team were trying to understand the challenges and performance issues in bidding for a new public / private partnership, this team had never worked together before.
We drew together engineers, contract negotiators, operations managers, the HR director and new CEO into a series of workshops. Through these, we created a success map for some nine different stakeholder groups before synthesising those into a single success map for the organisation
Aside from creating a credible strategy summarised in a plan on a page, the process developed a common understanding across the team of the different pressures facing the new business.