I believe that the most important thing an organization should do (in fact, that's why they are called organizations) is to align and galvanize each and every individual's goals, each team, each workgroup, each staff, each contractor with the goals of the organization.
2. One of the key contributions of Top Corporate
Management to the Organization is to align
organizational activities with stakeholders’ interests by
directing Company Executives’ concentration and effort
to support the organization’s Vision and Mission goals
in all aspects of business operations.
Goal Congruence
This is accomplished by aligning individual executive’s goals with the
Organization’s.
3. Goal Congruence
Goal congruence means that the goals of individual
executives align with the goals of their Departments,
Divisions and ultimately the goals of the Organization
Implementation of goal congruence means that the goals of
the organization are allocated and cascaded into Divisional,
Departmental and Individual responsibilities, and the
achievement of these goals are monitored on a continuing
basis
4. SoftExpert For
Township Development Lifecycle
1. Township development plan is constructed – Document Management ( for architectural drawings & GIS/ Version Control)
2. Implementation timeline is drawn – Project management
3. Development Budget is prepared – Financials/ Budgeting and Planning
4. The township develops investment prospectus – Document Mangement/ Version Control/ Approval Workflow
5. The township approaches 3 potential investors, goes through courtship ritual – CRM
6. 2 out of 3 investors keen. Drafts agreement. Goes through detailed negotiations and revisions – Contract Management/ Document Management/ Version Control
7. Meantime, 10 contractors for construction are approached – CRM
8. Proposals and negotiations with contractors – Contract Mgt/ Document Mgt/ Version Control/ Approval Workflow
9. Compromise reached with 2 investors, formation of SPV with both as shareholders – Financial/ Consolidation module
10. Terms for investment drawdown and timeline is developed, with contingency clauses for construction cost escalation clauses, currency fluctuation barriers etc – Contract Mgt, Document Mgt, Approval Workflow
etc
11. Construction drawings, contracts drawn up, selection of contractor – Contract Mgt/ Project Mgt
12. Construction Contract is negotiated and signed with 4 contractors for various works – Contract Mgt/ Document Mgt/ Project Mgt
13. Initial drawdown from Investors – Contract Mgt/ Financial
14. Collection of performance bond, payment of mobilization fees, site preparation work commences to/from contractor – Project Mgt/ Finance
15. Work inspection, progress certification and payment – contract mgt/ project mgt/ finance
16. Marketing efforts to potential tenants is initiated – CRM
17. Initial plan reviewed, variation order arises – Contract Mgt/ project mgt/ finance/ budgeting and planning
Etc
5. Performance Management is the process through which
managers ensure that employee activities and outputs are
congruent with the organization's goals.
Performance Management
Strategy Maps are one of the tools used to align goals
and activities within an organization, which are
translated into indicators for monitoring the execution of
corporate strategy
Goal Alignment Sample Data
9. Application Scenario –
Total Township Lifecycle
1. Township development plan is constructed – Document Management ( for architectural drawings & GIS/ Version
Control)
2. Implementation timeline is drawn – Project management
3. Development Budget is prepared – Financials/ Budgeting and Planning
4. The township develops investment prospectus – Document Mangement/ Version Control/ Approval Workflow
5. The township approaches 3 potential investors, goes through courtship ritual – CRM
6. 2 out of 3 investors keen. Drafts agreement. Goes through detailed negotiations and revisions – Contract
Management/ Document Management/ Version Control
7. Meantime, 10 contractors for construction are approached – CRM
8. Proposals and negotiations with contractors – Contract Mgt/ Document Mgt/ Version Control/ Approval Workflow
10. Application Scenario –
Total Township Lifecycle
9. Compromise reached with 2 investors, formation of SPV with both as shareholders – Financial/ Consolidation module
10. Terms for investment drawdown and timeline is developed, with contingency clauses for construction cost escalation clauses,
currency fluctuation barriers etc – Contract Mgt, Document Mgt, Approval Workflow etc
11. Construction drawings, contracts drawn up, selection of contractor – Contract Mgt/ Project Mgt
12. Construction Contract is negotiated and signed with 4 contractors for various works – Contract Mgt/ Document Mgt/ Project
Mgt
13. Initial drawdown from Investors – Contract Mgt/ Financial
14. Collection of performance bond, payment of mobilization fees, site preparation work commences to/from contractor –
Project Mgt/ Finance
15. Work inspection, progress certification and payment – contract mgt/ project mgt/ finance
16. Marketing efforts to potential tenants is initiated – CRM
17. Initial plan reviewed, variation order arises – Contract Mgt/ project mgt/ finance/ budgeting and planning
Etc
32. ‘Excellence’ is no longer desirable but necessary in today's
competitive global environment.
If Corporations are to survive and succeed amidst increasing
competition from regional and international competitors, it can
only be by practising ‘Excellence’ in their services and products
offering.
Towards this direction of achieving excellence, Corporations should
ensure goal congruence within their organizations so that the goals
and activities of individual executives, Departments and Divisions
support the overall goals of the organization.
Conclusion