In collaboration with the Association of International Certified Professional Accountants we’re exploring performance management practices that drive long-term business success, identifying weaknesses in current systems and processes while looking at new ways of solving performance management issues for the modern business era.
Companies measure, monitor, manage and evaluate performance every day. Setting key performance indicators and targets to support objectives, budgeting and forecasting to allocate resources and plan. But the business landscape is changing. Environmental and social risks account for most of the top risks in terms of impact, and up to 80% of a company’s value is intangible (i.e. in research, innovation, know-how, relationships, entrepreneurial and managerial skills etc.).
Performance management must change. Businesses can no longer solely focus on financial information to assess their performance. Performance management, the way companies gather, process and act on information, must drive long term business success and value creation in line with our changing world.
We’re learning from leaders, consolidating thought leadership, articulating a business case and developing practical solutions.
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