Competency gaps are training needs

Gaps are identified by comparing the performance of the company against a bench marked company in the same industry. Positive performance indicate strengths whereas the opposite shows weaknesses. Thereafter, proper winning strategies could be formulated and best practices could be recognized and adopted. All the above could be drawn objectively from the financial statements rather than relying on subjective opinion surveys which are popularly but wrongly applied in TNA.

Monday, March 21, 2011

PERFORMANCE MODELS AND TEMPLATES

ROE objectives / Du Pont Chart - gap analysis with benchmarked company.
Critical Performance gaps - (weaknesses)
Critical success factors - Key result areas - (strengths)
The BSC Metrics / The strategic maps with performance metrics
Cascaded to lower unit
Individual scorecard
Performance evaluation through KPIs
Performance evaluation through benchmarking
Best Practices and training (competency gaps)
Introduce Innovation at performance planning discussions.

Competency gaps are training needs

Monday, March 21, 2011

PERFORMANCE MODELS AND TEMPLATES

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Blog Archive

CORPORATION METRIC MANAGEMENT
DAY	9.00-10.30	10.30-11.00	11.00-12.00	12.00-1.00	1.00-2.00	2.00-3.30	3.30-4.00	4.00-5.00
1	Corporate objectives defined ROE Chart		ROE Chart vs Industry Stds Critical Performance Gaps	Key Result Areas BSC key Metrics		Key Performance Indicators		Metric management- case analysis
2	Performance Targets and Standards		Internal & external benchmarkings	Performance Evaluation- Input output analysis		Performance meeting - planning		Role Plays
3	Strategic Mapping Porter's Strategies		ROE kpis Departmental KPIs	Performance meetings - appraisals		Accountability & Action plans Improvement Strategies		Closing Summary