Management Concept Style

It was not possible for businesses to properly collect and analyze data before the 20th century. In 1970, decision support systems were introduced in business. Decision support systems can analyze one department at a time. In 1980, executive information systems were introduced. The executive information system can effectively summarize ongoing transaction within an organization. By 1990, business intelligence improved with the introduction of computer technologies. Customer relationship management also improved. Advanced management techniques combined with new technology improved the planning, reporting and analysis in business. These new developments gave rise to an integrated methodology known as corporate performance management. Corporate business management is a holistic approach in strategic planning.

The concept of corporate performance management was introduced in 2001 by Gartner research. Corporate performance management (CPM) is also known as business performance management. This describes the process, methodologies, metrics and systems needed to manage the performance of an organization. The main characteristics of corporate performance management include complete integration, automating data processing, support of collaboration, analytical insight and focusing on exceptions.

Management Concept

The three levels of corporate performance management are client, application and data levels. The important steps in corporate performance management are strategic planning, scorecarding, budgeting, forecasting, consolidation and business intelligence.

While strategic planning is the basic requirement of any business, the objective of scorecarding is to examine performance related to strategic planning. Corporate performance management uses metrics to assess the present state of the business. Metric related data is consistent and correct. Corporate performance management speeds up the budget and forecasting process, improving accuracy and providing auditable budgets. The forecasting ability helps the business to take appropriate action in keeping with the occasion. Consolidation is an important component in CPM. Financials depend upon the consolidation process. Business intelligence refers to turning data into information. This information is used in decision making.

Corporate Performance Management provides detailed information on Corporate Performance Management, Corporate Performance Management Software, Corporate Performance Management Solutions, Corporate Performance Management Courses and more. Corporate Performance Management is affiliated with Business Process Management Systems [http://www.e-BusinessProcessManagement.com].

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Before I formally start my writing here, there is something we should take into consideration, and it's the fact we have to see the firm as an institution not as a mere "company" or "firm" that generate profits, Americans use the "Corporation" term instead of the "Institution" term, it is the same.

We also have to focus on 4 main things on the "company", one is: the company per se, its surrounding and its competitiveness, we have to remember the strategic vision it has to be related to the corporate dimension, and this strategic vision has to be related to its entrepreneurship philosophy and its organizational culture, we have to differentiate these two concepts, the entrepreneurship philosophy it is mainly related to its institutional dimension and its organizational culture is mainly related to its human resource dimension, these two main sections are what makes the "corporation" per se, this is the corporate efficiency. In the other hand, after this here it comes the Strategic Management which is all what has to do with the economic / technical dimension effectiveness, after this it comes what is called the organizational system, can see in this, the processes this goes from the mid management sections of the firm to the staff in the lower part, and the corporate organization, here we can see the corporate dimension.

Management Concept

We have to reduce coordination costs between the firm or the company seen as a corporation now, the external corporate image dimension and the management or direction culture, reducing coordination costs means clear identification of values and precepts, guidelines, rules, etc, and corporate identity. Corporate Culture influence the Corporate identity this influence the Corporate Brand these three sections represent the self-portrayal of the firm here the main thing is the efficient corporate value systems used by the members of it. These three main sections influence the corporate image and corporate reputation which is already the perception of the firm either by the shareholders, stakeholders or any other external group.

So the secret of the corporation is the correct value systems in the external level, the value system is too close related to the Corporate Philosophy and the Corporate Culture both has to take into account behaviours and institutional criterions, seen this way therefore this builds the entrepreneurship philosophy which will create the corporate principles and this therefore will influence on the creation of the vision and mission same as realization of them among the members or staff, that will also increase internal and external shareholders same as stakeholders value.

A good director is a very important requisite for this be undertaken at a low coordination costs and in a short time of course, a good CEO will be in charge of becoming a promoter of this entrepreneurship philosophy and will have to spread it all over the organization and at the same to create entrepreneurship philosophy network system which will be in charge of multiplying this new approach among the members and of course the use of technology could be helpful for this.

Written By Henry Alzamora

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