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.

1. Performance
Management
Top 5
ToolsBy Bernard Marr

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
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• Advanced Performance Institute