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The Decision Factor offers insightful comments and observations on analytics—from views on new technology approaches and market dynamics to the latest industry trends driving demand for faster, smarter information analysis. This blog contains personal views, thoughts, and opinions from SAP employees, mentors, and friends working in the area of analytics. It’s not endorsed by SAP nor does it constitute an official communication of SAP.

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Enabling Performance Management Part One: Steps in Defining a Strategic Performance Management System

Regardless of the particular methodology you use to develop your strategy, when done, you have the:

Objectives that you want to accomplish Work (tasks and activities) that needs to happen Measures for determining your progress and success in achieving them

A good (“balanced”) strategy seeks to keep an eye on longer-term goals while meeting short-term priorities in order to sustain strong and steady growth. The strategy should also reflect the needs of a variety of stakeholders and not just focus on financial performance. Why? If you’re so narrowly focused on …
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