There's not much point locking the strategy in a drawer, somewhere.
Sydney, NSW (PRWEB) June 9, 2009
PeopleStreme Human Capital has released a new whitepaper entitled "Performance Management in a Tight Economy - Part 2". The whitepaper details an array of employee performance objectives, which align with various strategic themes affecting businesses today, as a result of the global economic meltdown.
"Many businesses are still making the same mistakes. They assume that organisations or departments perform but they don't. People do, one by one." said Lyle Potgieter, CEO of PeopleStreme. In a tough economy each person needs to be connected to the new strategy quickly, with clear and specific objectives. Then management intensity needs to be driven up to ensure the desired outcomes are achieved. This whitepaper outlines some of the methods to do this.
The new whitepaper provides examples of popular performance objectives across the operating dimensions of Cash Preservation, Customer Leverage, Marketing Objectives and HR objectives. Correctly written performance objectives help to drive strategic execution by providing high quality management communication aligned with strategic planning. "Recent research suggests business success relates 15% to the creation of the strategic plan and 85% to strategic execution" said Peter Vlant, COO of PeopleStreme. "There's not much point locking the strategy in a drawer, somewhere." he commented.
The whitepaper goes on to describe how to get the entire strategic plan moving by ensuring key stakeholder buy-in and by setting up the correct technologies and internal processes. For example, incentives tied directly to outperformance of the key strategic themes, not just business as usual.
The new whitepaper is available at the PeopleStreme website http://www.peoplestreme.com
PeopleStreme has also produced a number of online video's to help illustrate the concept of Strategic Employee Alignment.
PeopleStreme is a global leader in innovation for Strategic Alignment and online Human Capital Management systems.