Corporate Performance Management & Growth Kamran on 25 Dec 2007 02:11 pm
Corporate Performance Management (CPM) - An Intro
Corporate Performance Management (CPM) is a management approach that encompasses all “the methodologies, metrics, processes and systems used to monitor and manage the business performance of an enterprise,” according to the management research and consultancy firm Gartner that came up with the concept.
It is basically yet another but effective and sophisticated tool to increase business productivity and profits.
CPM is the direct descendant of other platforms and management tools that were developed in the past like the “Decision Support Systems” of the ’70s, “Executive Information Systems” (EIS) of the ’80s, and the “Business Intelligence” (BI) model of the ’90s.
One thing that separates CPM from other business performance platforms is its focus on strategic planning and deployment.
“How can a business organization draw up a Strategic Plan and execute it with success?” That’s the chief focus of CPM in a nutshell.