Key Performance Management
Performance
Performance Improvement
Comparing Performance Across Business Units
Analyzing Business Performance
Monitoring Key Business Performance Metrics
Evaluate Financial Performance Metrics
Relationship Management
Strategic Management (K) 
Strategic
management is a comprehensive approach to formulating and implementing strategies that help organizations achieve their goals and objectives
...environment Evaluating internal capabilities Formulating strategies Implementing strategies Monitoring and assessing
performance Importance of Strategic Management Strategic management is crucial for organizations for several reasons: Direction and Purpose: It provides a clear
...
Financial Performance 
Financial
performance refers to the evaluation of a company's financial results over a specific period
...Key Metrics of Financial Performance Financial performance can be assessed through a variety of metrics
...Operating Margin: The ratio of operating income to revenue, indicating the efficiency of
management in generating profit from operations
...
Performance 
In the context of business analytics and data visualization, "
performance" refers to the measurement and evaluation of an organization's effectiveness in achieving its goals and objectives
...Performance can be assessed through various metrics and
key performance indicators (KPIs), which provide insights into operational efficiency, financial health, and overall productivity
...Organizations employ various methods to measure performance, including: Balanced Scorecard: A strategic planning and
management system that aligns business activities to the vision and strategy of the organization
...
Performance Improvement 
Performance improvement refers to the systematic approach to enhancing the efficiency and effectiveness of an organization or its processes
...Key reasons include: Increased Efficiency: Streamlining processes to reduce waste and enhance productivity
...including: Method Description Lean
Management A methodology focused on minimizing waste within manufacturing systems while simultaneously maximizing productivity
...
Comparing Performance Across Business Units 
Comparing
performance across business units is a critical aspect of business analytics that enables organizations to evaluate their operational effectiveness and make data-driven decisions
...Resource Allocation: Performance comparisons can guide
management in allocating resources more efficiently, ensuring that high-performing units receive the support they need to sustain their success
...Key Performance Indicators (KPIs) To effectively compare performance across business units, organizations often rely on Key Performance Indicators (KPIs)
...
Analyzing Business Performance 
Analyzing business
performance is a critical aspect of business
management that involves evaluating various metrics to assess the efficiency and effectiveness of an organization
...Key Performance Indicators (KPIs) KPIs are measurable values that demonstrate how effectively a company is achieving its key business objectives
...
Monitoring Key Business Performance Metrics 
Monitoring
key business
performance metrics is essential for organizations aiming to achieve strategic goals and enhance operational efficiency
...Customer Relationship
Management (CRM) Systems (e
...
Evaluate Financial Performance Metrics 
Evaluating financial
performance metrics is a crucial aspect of business analytics and prescriptive analytics
...Income / Revenue) × 100 Return on Equity (ROE) Indicates how effectively
management is using a company’s assets to create profits
...This can be achieved by: Identifying
key competitors and their financial performance metrics
...
Relationship Management 
Relationship
Management is a strategic approach in business that focuses on fostering and maintaining positive relationships with various stakeholders, including customers, employees, partners, and suppliers
...This practice is critical for enhancing customer satisfaction, loyalty, and overall business
performance ...Types of Relationship Management There are several
key types of relationship management that organizations typically focus on: Customer Relationship Management (CRM) - Involves managing a company's interactions with current and potential customers
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Leveraging Data for Performance Improvement 
In today's competitive business landscape, organizations are increasingly turning to data analytics to enhance their
performance and make informed decisions
...Some
key applications include: 1
...Operations
Management Data analytics can enhance operational efficiency by analyzing workflows and supply chain performance
...
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