Managing Performance 14 steps 700

14 steps performance management where

1. Strategies are incorporated.
2. Efficiency are measured quantitatively.
3. Participation of all are encouraged.
4. Accountability and recognition are expected.

	STEPS	TOOLS	PURPOSES
1	Performance diagnosis	Gap and bench markings	Identify SWOT
2	Market Target	Market mapping	Identify market opportunity
3	Goals	Efficiency and Performance	Measures
4	Key Result Areas	Root cause analysis	Performance problems and solutions
5	Key Performance Indicator	A set of indicators	To measure performance of a job holder, section or department or business
6	Performance Measures	Output/input ratio, Non-ratio and non-finance	Measure all economic activities
7	Performance gaps	Graphic dimensional, illustration	To show by drawings the impact on output by inputs
8	Strategic Management	Strategic Map	Coordinated and integrated Strategies
9	Profitable Model	Cost, volume, profit analysis	Simulate profits with key variables
10	Business objective/goal	Return on Equity Chart	To check
11	Capital employed	Working and fixed capital	Strategic and best practices
12	Funding	Equity + Loans = Capital	A healthy capital structure
13	Expected Results of the plans	Financial Statements	To show the outcome/results
14	Healthy check on plans	Ratios	A balanced healthy outcome

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