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‘If China sneezes, the rest of us will get pneumonia’ – has become a pretty common saying nowadays and, judging by the influence The World’s Factory has on global economy, I’m afraid that we are far from being considered ‘immune’. But did it catch a cold?
Find out if you have the necessary components in place to achieve desired results and improve performance. The self-assessment is just a preview of the performance maturity assessment conducted by the GPA Unit.
The KPI Institute’s reports Performance Management in 2014 and Performance Management in 2014: GCC Special Edition continue the standards established by the previous editions, which consist in gathering and compiling opinions from practitioners, academics and consultants alike, in order to gain a balanced perspective on the state of the discipline. In 2014, Mr. Jarlath Fernando, Analyst – Strategy Planning at Dubai World – Imdaad, UAE was one of the professionals who offered us rich insights into Performance Management practice.
The reasons for initiating strategic planning can vary from one organization to another, but its positive outcomes are generally the same. Strategic planning supports the clarification of the desired state of evolution and provides the framework for future projects, for improving performance and aligning employees efforts to strategy. The end result is that all these elements will enable the organization to provide better value for money for its customers or citizens.
Strategic planning is the process through which an organization defines what it wants to become and how should this desired state be achieved. Based on the Bain & Company study – “Management Tools & Trends 2013”, about 45% of the respondents conduct strategic planning in their organizations, and their satisfaction with this tool is at 3.9, on a scale from 1 to 5 (5 is the highest level).
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