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The Top 5 Performance Management Tools

Bernard Marr
Bernard Marr
Bernard MarrBest-selling author, popular keynote speaker, futurist, and a strategic business & technology advisor to governments and companies.

Summary of a report that looked at the state-of-the-art in performance management. It identifies the top 5 tools used today to manage performance and adds some words of advice.

The Top 5 Performance Management Tools

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Performance
Management
Top 5
ToolsBy Bernard Marr
Organizations have long
been obsessed with
managing and measuring
performance and there is
little sign of this easing up.
A recent global survey of
over 3000 organizations
found the top tools used
today to manage
performance.
Top
Tools
1.  Key Performance Indicators
(KPIs)
2.  Performance Appraisals
3.  Mission and Vision Statements
4.  Management Dashboards
5.  Lean Management
6.  Benchmarking
7.  Balanced Scorecard (BSC)
8.  Reward and Recognition
Schemes
KPIs:
Most companies use
them, but few use them
well.
Make sure you measure
what matters…
Performance Appraisals:
60% of companies use
them, but (again) few use
them well.
Make sure the process is
trusted, fair and
transparent…
Ad

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The Top 5 Performance Management Tools

  • 2. Organizations have long been obsessed with managing and measuring performance and there is little sign of this easing up.
  • 3. A recent global survey of over 3000 organizations found the top tools used today to manage performance.
  • 4. Top Tools 1.  Key Performance Indicators (KPIs) 2.  Performance Appraisals 3.  Mission and Vision Statements 4.  Management Dashboards 5.  Lean Management 6.  Benchmarking 7.  Balanced Scorecard (BSC) 8.  Reward and Recognition Schemes
  • 5. KPIs: Most companies use them, but few use them well. Make sure you measure what matters…
  • 6. Performance Appraisals: 60% of companies use them, but (again) few use them well. Make sure the process is trusted, fair and transparent…
  • 7. Mission & Vision Statements: Over half of companies use them, but (again) few use them well. Make sure they clearly spell out the purpose and ambition…
  • 8. Management Dashboards: Over half of companies use them, but (again) few use them well. Make sure they communicate insights and not just data…
  • 9. Lean Management: About half of companies use them, but (again) few use them well. Make sure you optimize what matters the most, not what is most easy to do…
  • 10. Read my recent Blog Post on the topic: https://www.linkedin.com/today/post/article/ 20140522054403-64875646-the-5-most-popular-tools- to-manage-performance-good-news-and-cautionary- tales?trk=mp-author-card
  • 11. Download the full report “20 Years of Measuring and Managing Performance: From KPIs and Dashboards to Performance Analytics and Big Data” at: http://www.ap-institute.com/research-reports.aspx
  • 12. About This overview was put together by Bernard Marr Founder and CEO of the Advanced Performance Institute. Bernard Mar is a bestselling business author, keynote speaker, strategic performance consultant, and analytics, KPI & Big Data guru. For more articles, white papers, case studies and much more visit the Advanced Performance Institute Knowledge Hub Read Bernard’s blogs: •  LinkedIn Influencer Blog •  Big Data Guru Blog Connect with Bernard on: •  LinkedIn •  Twitter •  Facebook •  Google+ •  YouTube •  Advanced Performance Institute