Thursday, June 14, 2012

How to Transform?

----    Achieve targeted results at a short time - one definition

3 steps in transformation.

  1. Performance need analysis
  2. Performance planning and budgeting
  3. HR performance planning and appraisal


How to transform - the right theme
  • Everyone work towards the same agreed common goals.  (encourage participation)
  • Leakages and under performances are checked and corrected with the right set of solutions and performance improvement. (quantitative measures)
  • Adopt the right strategies  at all levels and functions
  • Formulate and simulate the right business models and sub-models.
  • Everyone is accountable for results and recognition for the performers.
16 steps to transformation
  1. Bench mark with the best in the industry.
  2. Identifying and adopting best practices
  3. Conduct gap analysis to identify  SWOT.
    • strength, weakneses, weaknesses, threats
  4. Identify the right key result areas to identify the key success factors and critical performance gaps.
  5. Improve on the right business strategies 
  6. Establish the right Cause effect relationship
  7. Linking and integrating strategies towards corporate goals - strategic mapping
  8. Check efficiency along the value chain.
  9. Improving team work for better performance
  10. Creating the environment for job innovation
  11. Challenging but realistic objectives and goals
  12. Design and test the business model.
  13. Clear objective to increase commitment of all stakeholders
  14. Training to increase competency -  capacity building
  15. introduce innovations for the year/products /systems
  16. Provide incentives and motivation in HR.
  17. Check for the right business simulations and models
  18. Cash Flows
  19. ROE check
  •       Copyright :  Arriffin Mansor 012-2786282





PERFORMANCE CHANGE

Management Activities
Objectives
Tool used
1
Financial Statement Analysis
Performance Gaps
Key Ratio Analysis on Benchmark companies
2
Evaluate Performance gaps
To identify Critical gaps
Pareto/sensitivity
3
Depth analysis on critical gaps/ root cause analysis
Performance problems and issues
Component ratios
Key Result Areas
BSC perspectives
ROE value drivers
4
Identifying best practices and innovations
Performance solutions and strategies
New business model and ROE model
Training
5
Cascade Performance Targets to all through their heads
Commitment and feedback
Strategic map
6
Performance management
Commitment and recognition and teamwork
HR performance planning and appraisal
Job description and chart of authority
Key Performance Indicators
Performance measures
7
Integrating other resources in the plans
A viable business with growth and liquidity.
Business plans and budgeting

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