Corporate performance management as a new way in directing companies.docVIP

Acta Montanistica Slovaca Ro?ník 11 (2006), ?íslo 4, 278-282 Corporate performance management as a new way in directing companies Jozef Mihok a Jaroslava Vidová 1 Korporácia riadenia mana?mentu a nová cesta pri riadení firmy This contribution deals with the problem of the economical efficiency of management company’s. Managing of the company’s performance and efficiency is very important. We would like to present a modern methodology, whose name is Corporate Performance Management. CPM is an integrating conception, which connects the business methodologies as the Balanced Scorecard, the Economic Value Added, the Activity Based Management and the ISO 9000 to one, all-concern control system. Key words: Corporate Performance Management, performance, efficiency, CPM system, CPM system value Introduction The definition of the Corporate Performance Management - CPM is consistent since industry analysts Gartner Research introduced it in 2001. The CPM is an umbrella term that describes all of the processes, methodologies, metrics and systems needed to measure and manage the performance of an organization. Many companies and major public sector organizations have embraced the vision of CPM. They understand the value of enabling and engaging everyone in an organization to manage the organization’s performance. They are deploying technologies and solutions to make that vision real. Approximately, more than 70 % of companies that adopted some sort of CPM program generated high impact improvements in the key performance metrics. The CPM is moving from a vision to the practice now due to three major factors: ? ? Organizations have a squeezed efficiency out of operations through ERP – Enterprise Resource Planning systems and are now looking for an information as a strategic and competitive weapon. Legislation is driving a new era focused on a good governan