Saturday, August 13, 2011

Performance Improvement

Performance Improvement in 9 steps: "At corporate level Diagnose latest financial statements to determine SWOT. Define realistic corporate objective in term of ROE = P/S x S/A ..."
  1. Identify the critical performance gaps and SWOT analysis
  2. Redefined the business goals and market positioning.
  3. The right Key Result Areas - key strategies
  4. Design the right business model - costs volume profit planning.
  5. Ensure adequate working capital based on the trading strategies.
  6. Ensure adequate capacity but minimize investment in fixed assets: a balance between ownership and rentals.
  7. Sustain Liquidity or cash flow planning where borrowings and loan repayments are planned.
  8. BSC perspectives - link and integrate strategies into a strategic map
  9. Realigned strategies to achieve the targeted ROE.  - Use Du Pont ROE chart.
  10. Monitor functional strategies through Performance metrics or Key Performance Indicators
  11. Introduce innovation in products, strategies and technology to better the best practices.
Call 012-2786282    arriffin@gmail,com

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