Aligning Performance to Mission & Goals

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Presentation Description

Get a FREE performance management kit and access to all of Victor's full videos at: www.lifecycle-performance-pros.com This presentation discusses the common obstacles to successfully managing organizational performance, namely aligning performance to organizational goals and objectives. This presentation discusses the 4 key alignment areas and offers techniques on how to successfully align perform to each area.

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By: MarkDownham (10 month(s) ago)

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Presentation Transcript

Aligning Performance To Organizational Goals and Objectives : 

Aligning Performance To Organizational Goals and Objectives

Slide 2: 

Common Obstacles to Performance Alignment… Organizational culture resists performance management efforts Departments don’t share information Lack of vendor integration Insufficient information Access to information Lack of accountability

Slide 3: 

The Performance Lifecycle

Slide 4: 

Linking Corporate Strategy to Executive, Managerial, and Individual Goals

Slide 5: 

4 Performance Alignment Areas Division/departmental performance alignment Workforce performance alignment Financial performance alignment Resource performance alignment

Slide 6: 

Aligning Business Units to Organizational Objectives

Slide 7: 

Aligning Workforce Performance to Organizational Objectives Functions within workforce performance management include: • Recruit and Hire Management • Compensation Management • Incentive Management • Goals Management • Learning Management • Competency Management • Performance Measurement

Slide 8: 

Aligning Workforce Performance to Organizational Objectives (cont)

Slide 9: 

Aligning Financial Performance to Organizational Objectives Steps to Maximize Financial Performance: Identify which divisions within your organization are most responsible for carrying out the success of each metric. Examine the processes for each those divisions Redefine the processes that are out of date, or those which tools exist for automation or process improvement Baseline the performance for the processes that have the most effect on the outcome of the financial metric Set performance measures for those processes and monitor how the improvement of those processes affects the overall financial metric over time

Slide 10: 

Aligning Financial Performance to Organizational Objectives Common Financial Metrics Return on Net Assets Ratio Net Operating Revenues Ratio Viability Ratio Debt Burden Ratio Primary Reserve Ratio Customer Profitability Metrics

Slide 11: 

Additional Financial Metrics – Financial Performance Ratios

Slide 12: 

Additional Financial Metrics – Liquidity Ratios

Slide 13: 

Additional Financial Metrics – Activity Ratios

Slide 14: 

Additional Financial Metrics – Leverage Ratios

Slide 15: 

Additional Financial Metrics – Profitability Ratios

Slide 16: 

Additional Financial Metrics

Slide 17: 

Aligning IT/Systems to Organizational Objectives

Slide 18: 

Questions to Ask Regarding IT Strategic Alignment Which of your business unit’s processes support the organization’s mission the most? Do the metrics we report on drive those processes? Are you satisfied with the current performance throughout your organization? Do our metrics address the company's critical needs? Do our reports provide the required information to make business decisions? Do they identify areas of misalignment? Do IT initiatives appear to be prioritized appropriately?

Slide 19: 

Common Pitfalls to Avoid When Aligning Performance to Strategy Inflexibility Insufficient vertical alignment Insufficient horizontal alignment