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.

Wednesday, May 7, 2014

4 phases in business planning 810

Diagnosing phase

Gap analysis via ROE Du Pont Chart
SWOT
Market positioning

Cascading phase (vertical)

Target customers
goal setting
Key result areas
Teams
Individuals

Value Chain phase (horizontal)

input, process, outputs and outcome phases
efficiency and effectiveness

Integrating phase (both vertical and horizontal)

vertical and horizontal linkages
Strategic mapping

Competency gaps are training needs

Wednesday, May 7, 2014

4 phases in business planning 810

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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