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Five Key Principles of Corporate Performance Management, by Bob Paladino
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In Five Key Principles of Corporate Performance Management, Bob Paladino shares his decades of experience to provide proven, real-world implementation insights from�globally recognized and award-winning organizations. You’ll discover what today’s Fortune 100 companies are doing right, and how to implement their enterprise techniques and�strategies within your own organization to maximize success.
- Sales Rank: #1775223 in Books
- Published on: 2007-01-22
- Original language: English
- Number of items: 1
- Dimensions: 9.30" h x 1.35" w x 6.40" l, 1.52 pounds
- Binding: Hardcover
- 386 pages
Review
"Paladino lives up to his commitment to his readers with his practical examples of organizations using the implementation of a CPM Office to integrate disparate performance management methodologies into a comprehensive and coordinated model for performance improvement." (Strategic Finance, February 2008)
"…is a must read for any top level executive interested in the real-world application of corporate performance management." (Quality Progress, May 2007)
From the Inside Flap
What do award-winning commercial, public, and nonprofit enterprises know that eludes most of today's executives? How do they organize and conduct themselves to accelerate and achieve outsized results? What core processes and best practices do they leverage? Learn the key principles of executing strategy from the executives directly in Five Key Principles of Corporate Performance Management.
Five Key Principles of Corporate Performance Management not only chronicles innovative best practices from award-winning executives, but also brings you a proven implementation model that has accelerated breakthrough results. Learn new techniques common to Malcolm Baldrige, the Balanced Scorecard Hall of Fame, Sterling Quality, Fortune 100 Best, APQC, and Forbes Award winners.
Drawing from executive and thought leader Bob Paladino's advisory experiences with award-winning and high-performing organizations, Five Key Principles of Corporate Performance Management provides a clear road map for executing enterprise strategy.
The Five Principle model moves well beyond traditional "how to" books and offers a fresh approach to integrating multiple methods to optimize results. Five Key Principles of Corporate Performance Management illustrates how to employ the Five Key Principles that all high-performing enterprises practice:
- Establish and Deploy a CPM Office and Officer
- Refresh and Communicate Strategy
- Cascade and Manage Strategy
- Improve Performance
- Manage and Leverage Knowledge
Numerous case studies and best practice research from world-renowned enterprises are included.
In addition, insights from executives who have won the most globally recognized awards in business are provided, as are key process maps, strategy maps, balanced scorecards, comparative tables, project plans, testimonials, charts, graphs, and screen shots of BSC and KM systems.
Providing practical executive and practitioner best practice examples, Five Key Principles of Corporate Performance Management will help drive meaningful results in your organization.
From the Back Cover
Award-winning strategies to drive meaningful results in any organization
Executives today are expected to demonstrate results faster than ever before. In Five Key Principles of Corporate Performance Management, Bob Paladino shares his decades of experience to provide proven, real-world implementation insights from globally recognized and award-winning organizations. You'll discover what today's Fortune 100 companies are doing right, and how to implement their enterprise techniques and strategies within your own organization to maximize success.
Praise for Five Key Principles of Corporate Performance Management
"Bob Paladino effectively leverages his considerable knowledge and experience as a management consultant and chief performance officer at Crown Castle to produce a compelling case for a Corporate Performance Management office. The CPM office becomes the focal point for translating strategic intent to operational actions. The concept is enriched by the book's excellent examples from both private and public sector organizations."
—Dr. Robert S. Kaplan, Harvard Business School; co-developer of Balanced Scorecard, Strategy Focused Organization, and Activity-Based Costing
"Read this book if you want a practical guide—based on real experience—to take your organization to higher levels of performance."
—Carla O'Dell, President, American Productivity and Quality Center (APQC)
"Bob Paladino's observations and principles are firmly rooted in the Kaplan/Norton Strategy Focused Organization (SFO) methodology. Bob is to be congratulated for his creative extension of these principles and for the illustrative cases provided. He has successfully walked the tightrope of theory and practice—a good read."
—David P. Norton, inventor, Balanced Scorecard and Strategy Focused Organization concepts
"Five Key Principles of Corporate Performance Management presents guidance for the design, development, and implementation of a strategic planning and control system. Such a system leads toward better strategic decisions, competitive advantage, and increased profitability. Drawing on his profuse knowledge and extensive practical experience, Bob Paladino conveys a lively coverage of essential ideas and examples of ways to improve performance."
—Charles T. Horngren, Professor Emeritus, Stanford University; "Father of Cost Accounting"
"Lots of organizations are measuring performance, but few succeed in effectively managing performance. This timely book contains time-tested insight from leading companies and provides a 'how-to' guide for jump-starting performance improvement initiatives in your organization."
—Carl DeMaio, President and founder, The Performance Institute and American Strategic Management Institute (ASMI)
Most helpful customer reviews
10 of 12 people found the following review helpful.
How CPM can achieve sustainable competitive advantage
By Robert Morris
Many senior-level executives are about to launch or are now in the midst of performance improvement initiatives of one kind or another such as TQM, Lean, Six Sigma, or some variation thereof. For them especially, the material that Bob Paladino provides in this book will be of substantial value because he offers a remarkably comprehensive briefing on all manner of best practices from a variety of sources which include the U.S. President's Malcolm Baldridge National Quality Award recipients, the Kaplan and Norton Global Balanced Scorecard Hall of Fame inductees, recipients of the Deming Quality Award, Fortune magazine's "100 Best Companies to Work For," Best Practice Partner Award recipients selected by APQC (previously known as the American Productivity Center and the American Productivity & Quality Center), and Forbes magazine's "Best Managed Companies." From this abundance of information, Paladino has identified "five key principles" that, in my opinion, are relevant to any organization (regardless of size or nature) that is committed to producing more and better results in less time, and at a lower cost. Hence the importance of effective corporate performance management (CPM).
He carefully organizes his material within nine chapters, devotes a separate chapter to each principle, and then in the final chapter provides a three-step "CPM Diagnostic" to conduct a self-assessment and baseline where each reader is at this point in her or his corporate performance management "journey." (Paladino's choice of the word "journey" is appropriate, given the fact that performance improvement initiatives are best viewed as a "marathon" rather than as a "sprint.") I especially appreciate Paladino's brilliant use of a lean best practice case study approach to strategy management to bring together disparate methods into an integrated, simplified CPM framework.
In fact, most case studies are segmented and extended within Chapters 3-9, coordinated with his focus on a separate best practice in each chapter. The commendably varied exemplar (i.e. high performance) organizations include Crown Castle International, the City of Coral Springs (FL), the Tennessee Valley Authority, LB Foster Company, the American Red Cross, Ricoh, and Sprint Nextel. Supplementary case studies include those of the Florida Department of Health (Chapter 6), Houston Chronicle (Chapter 7), and Raytheon Company (Chapter 8). Important lessons can be learned from these high-performance organizations, lessons that can help others to avoid becoming one of the nine of ten that fail to implement their business strategies.
Paladino cites the results of rigorous and extensive research conducted by Robert S. Kaplan and David P. Norton that reveals four common barriers: vision (only 5% of the workforce understands the strategy), management (only 15% of executive teams spend more than one hour per month discussing strategy), people (only 25% of managers have incentives linked to strategy), and resources (only 40% of organizations link budgets to strategy). To repeat, important lessons can be learned from these high-performance organizations, lessons that can help others to avoid becoming one of the nine of ten that fail to implement their business strategies.
Whether or not decision-makers who read this book learn these lessons and then take appropriate action in response to them is, of course, for them to decide. There's "bad news" and "good news." First the bad news: Most probably won't. Now the good news: Most probably won't.
4 of 4 people found the following review helpful.
Real-World Experience TrumpsTheory Every Time
By Rod Martin
So many of the business books available today are written by authors with little practical experience to back them up. It's very easy to come up with a theoretical approach to improving business performance. The problem is, most theories don't account for the realities of the business environment that only real-life, in-the-trenches experience teaches. Instead of selling an approach to performance management developed in an academic or theoretical environment, Bob Paladino has instead brought to this book real-world examples of how actual companies, by applying his five key principles, have achieved measurable and ongoing success. The book is straight-forward, and offers a broad-enough cross sampling of case studies that the reader is able to find commonality to which they can link their own efforts at performance management. Clearly not a one-size fits all approach, but rather practical advice from someone who's been there before, and succeeded at achieving measurable and lasting results.
2 of 2 people found the following review helpful.
Highly recommended
By Lawrence Cuy
Whether you have been engaged directly in organizational performance management for years or are seeking an introduction to the topic, this book should be extremely valuable. It is clear that the author has many years of "hands on" and practical experience yet he also puts forth a comprehensive and excellent conceptual model of performance management.
The book is both stimulating and a fun read. While other books may go into a great amount of detail on particular aspects of performance management, the author stays at a level that holds the attention of the reader while providing ample real life examples to make the material understandable.
This is probably the first book to complete the circle of organizational performance management in such a comprehensive manner. What I found especially helpful was that the author taps into the knowledge from a variety of quality and performance management organizations.
Highly recommended.
See all 14 customer reviews...
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