Performance management [performance management]

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• Advantages of performance management

Performance management is a management method for strategic monitoring of a company's performance. It includes methods, processes, systems, matrices, and application software for managing and monitoring a company's business performance. Business Performance Management (BPM), Strategic performance management (SPM), Enterprise performance management (EPM), Company performance management (CPM) And other concepts are in the scope of performance management.

 

Advantages of performance management

Performance management has the following advantages:

• Help achieve continuous value creation.
• It helps enhance the transparency of enterprises.
• Facilitate communication between investors, Corporate analysts, and shareholders.
• It is helpful to reach an agreement by improving internal communication on strategic issues.
• Promote the improvement of decision-making level.
• Helps balance short-term, medium-term, and long-term business activities and objectives.
• Encourage investment and create value.
• Improve resource allocation to make enterprise planning and financial budget more efficient.
• Helps enterprises cope with increasing complexity, uncertainty, and operational risks.

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