What is Business Performance Management?
Posted: Mon Jan 20, 2025 9:41 am
Active management
Finally, Business Performance requires active management in the business, capable of intervening and making administrative adjustments based on the data and knowledge collected.
To do this, business leaders need to consult consolidated information data, also considering the mission and values of the business, as well as reviewing objectives.
Business Performance Management (BPM) is a process of monitoring the methods used to achieve business objectives.
The goal of this follow-up is to have sufficient analytical and critical reading to not only maintain, but continually develop these methods.
Therefore, the idea is to make them more efficient and effective and improve business performance.
As we mentioned earlier, Business Performance Management is not just a practice that aims to financially improve the company, since several aspects impact business performance.
Human capital, intellectual capital, structure and process management, production methodologies, tools and technologies used, spending philosophy and cash control model, among many others.
That is, it is a holistic management vision.
What are the advantages of a management focused on Business Performance?
Now, how can a focus on business performance impact your croatia whatsapp data business? Directing efforts and investments toward improving performance can bring countless benefits, including:
Increase your company's credibility
By focusing on continuous improvement and enhanced operational performance, you target exactly the strategic gaps that can damage your image in the market and with customers.
Delays, defects, lack of quality, among other aspects can be solved by focusing on Business Performance, improving its credibility.
Get access to important metrics and reports
Although not solely dependent on technology, Business Performance Management uses it extensively to gain better context into the operation.
With this, stakeholders can access important metrics, indicators and reports with just a few clicks.
Evaluate the business in real time
This immersion in data allows you to perform analysis and draw conclusions in real time about the progress of operations.
Have control over your business
That way, you control your operation in a way you never could before.
That is, you have the ability to read data and make well-founded decisions that impact the business on the spot, avoiding problems and mitigating losses.
Be able to respond to market changes and trends
And of course, this power also includes the ability to dive into market data, allowing you to understand, anticipate and take advantage of trends and transformations.
This capability, inspired and enabled by solutions based on Artificial Intelligence and Machine Learning, can be the key to your company taking the top position.
Increase employee performance
Another point is that Business Performance helps not only in process management, but also in people management.
Using integrated tools, you can better understand your employees and personalize their journey in the company, to get the best out of them!
Optimize your decision making
Ultimately, business performance is a practice that optimizes your decision making for every aspect of the business, allowing not only better insight, but a higher success rate in optimizations.
What are the main Business Performance KPIs?
There are several business performance indicators that your company can use to measure how well the company is progressing (or not) toward its goals and objectives.
Here on the blog, we have already prepared a complete guide on the subject, in which we detail the main and most used performance indicators, and which any company can use.
Next, we will exemplify some of them, take a look:
Individual performance indicators : absenteeism rate; rework rate; productivity rate; and so on.
Operational performance indicator : actual productive time; waste level; and so on.
Sales performance indicators : sales time; conversion rate; customer churn rate; and so on.
Financial performance indicators : profitability, return on equity, contribution margin; and so on.
But remember: these are just a few KPIs! We recommend learning more about them and deciding which ones make sense for your strategic planning.
The importance of technology in driving business performance
While business performance does not come down to the use of technology, it is crucial for business leaders to optimize their operations.
Finally, Business Performance requires active management in the business, capable of intervening and making administrative adjustments based on the data and knowledge collected.
To do this, business leaders need to consult consolidated information data, also considering the mission and values of the business, as well as reviewing objectives.
Business Performance Management (BPM) is a process of monitoring the methods used to achieve business objectives.
The goal of this follow-up is to have sufficient analytical and critical reading to not only maintain, but continually develop these methods.
Therefore, the idea is to make them more efficient and effective and improve business performance.
As we mentioned earlier, Business Performance Management is not just a practice that aims to financially improve the company, since several aspects impact business performance.
Human capital, intellectual capital, structure and process management, production methodologies, tools and technologies used, spending philosophy and cash control model, among many others.
That is, it is a holistic management vision.
What are the advantages of a management focused on Business Performance?
Now, how can a focus on business performance impact your croatia whatsapp data business? Directing efforts and investments toward improving performance can bring countless benefits, including:
Increase your company's credibility
By focusing on continuous improvement and enhanced operational performance, you target exactly the strategic gaps that can damage your image in the market and with customers.
Delays, defects, lack of quality, among other aspects can be solved by focusing on Business Performance, improving its credibility.
Get access to important metrics and reports
Although not solely dependent on technology, Business Performance Management uses it extensively to gain better context into the operation.
With this, stakeholders can access important metrics, indicators and reports with just a few clicks.
Evaluate the business in real time
This immersion in data allows you to perform analysis and draw conclusions in real time about the progress of operations.
Have control over your business
That way, you control your operation in a way you never could before.
That is, you have the ability to read data and make well-founded decisions that impact the business on the spot, avoiding problems and mitigating losses.
Be able to respond to market changes and trends
And of course, this power also includes the ability to dive into market data, allowing you to understand, anticipate and take advantage of trends and transformations.
This capability, inspired and enabled by solutions based on Artificial Intelligence and Machine Learning, can be the key to your company taking the top position.
Increase employee performance
Another point is that Business Performance helps not only in process management, but also in people management.
Using integrated tools, you can better understand your employees and personalize their journey in the company, to get the best out of them!
Optimize your decision making
Ultimately, business performance is a practice that optimizes your decision making for every aspect of the business, allowing not only better insight, but a higher success rate in optimizations.
What are the main Business Performance KPIs?
There are several business performance indicators that your company can use to measure how well the company is progressing (or not) toward its goals and objectives.
Here on the blog, we have already prepared a complete guide on the subject, in which we detail the main and most used performance indicators, and which any company can use.
Next, we will exemplify some of them, take a look:
Individual performance indicators : absenteeism rate; rework rate; productivity rate; and so on.
Operational performance indicator : actual productive time; waste level; and so on.
Sales performance indicators : sales time; conversion rate; customer churn rate; and so on.
Financial performance indicators : profitability, return on equity, contribution margin; and so on.
But remember: these are just a few KPIs! We recommend learning more about them and deciding which ones make sense for your strategic planning.
The importance of technology in driving business performance
While business performance does not come down to the use of technology, it is crucial for business leaders to optimize their operations.