Performance Management

Companies rarely fail because their owners did not understand or select a good strategy. They fail because they are often unable to translate their strategy into action with a good implementation plan. They fail because they are unable to manage performance.

The underlying requirement for good Performance Management is:

1. the design of a good business plan in which the strategies and objectives are clearly laid out and are measurable;and
2. An implementation plan with milestones and clear communications down the chain of command.  

There are several tools and techniques in use that monitor a company's performance against target set out in the plan. (See details)