Execute Strategy > Communicate
Communicate Business Strategy
Managers
- Create management meeting agendas directly in Corporater EPM Suite
- Review results of metrics prior to scorecard "publication" to ensure accuracy
- Single-version of the truth keeps focus on performance, not on whose data is correct
- Comment on performance directly in the scorecards, and reuse comments in reports
- Track individual performance of employees and monitor their progress in completing tasks and initiatives
- Send and receive reports, alerts, and notifications through
email
Employees
- Maintain - focus employees on key areas of performance and strategy
- Motivate - provide on-going performance feedback, accept employee input, and link incentive compensation to performance
- Engage - include employees in the target setting process, and engage them in the overall goal setting process.
- Develop - manage human capital by creating employee training, development, and succession plans.
- Communicate - develop and communicate best practices across the entire organization, and cascade strategy to all who execute it. Share success stories.
- Raise accountability - assign ownership to metrics and initiatives.
Board and Stakeholders
- Increase transparency to key stakeholders
- Provide a high level scorecard of key measures to board members, investors, or other stakeholders
- Create quarterly and annual reports for board members
- Raise employee awareness of accountability to stakeholders
Community
- Create community scorecards or reports that increase visibility of initiatives or measures that impact the community.
- Promote company values related to corporate citizenship, ethics, or environmental concerns by broadening public awareness.
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