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Actuate and Bernard Marr's Advanced Performance Institute Release Global Survey that Reveals Keys to

By Business Wirevia The Motley Fool

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Actuate and Bernard Marr’s Advanced Performance Institute Release Global Survey that Reveals Keys to Getting the Most from Business Performance Management


Comprehensive Study Commemorates the 20
th Anniversary of the Balanced Scorecard

SAN MATEO, Calif.–(BUSINESS WIRE)– Actuate Corporation (NAS: BIRT) , The BIRT Company– delivering more insights to more people than all BI companies combined – today announcedthe results of a worldwide study conducted in conjunction with the Advanced Performance Institute (API) to commemorate the 20th anniversary of the Balanced Scorecard. Measuring and Managing Performance – A Global Study garnered responses from over 3,000 companies across the globe, making it one of the largest and most comprehensive surveys ever conducted in the field of performance management. API Founder and CEO Bernard Marr analyzed the results in his newly released white paper20 Years of Measuring and Managing Business Performance: From KPIs and Dashboards to Performance Analytics and Big Data.

“While the results of the survey reveal that most companies measure, monitor and analyze their performance, not all companies generate the level of benefits expected from their efforts,” Marr said. “By analyzing the survey results we were able to determine the primary factors that contribute to the level of satisfaction organizations feel with their Business Performance Management (BPM) efforts. Three primary factors were found to influence the maturity of a company’s initiative, which can range from those that have little or no data to work with, to companies that are able to use comprehensive performance data to make true operational and strategic decisions.”

Three Driving Influences

While the survey revealed seven factors that contribute to BPM maturity, three main driving influences permeated the results and affected to varying degrees the initiatives of all respondents. The companies that were able to succeed in these three areas were more likely to report a successful BPM initiative:

  • Proper impetus or leadership to guide the initiative. For performance management efforts to be truly valuable, buy-in must seep through all levels of an organization and improve strategic decision making throughout. Despite that, many companies maintain a Big Brother approach to performance management: one-third of respondents were motivated to report only …read more
    Source: FULL ARTICLE at DailyFinance