Key Areas To Aligning Performance To Corporate Strategy And Goals

It used to be that performance management was managed in one department. Today, performance management has spread throughout the entire organization, where almost every division must focus on performance management to some degree in order to be successful. Despite this wider range of performance management, enterprise-wide performance initiatives are not widely practiced. And without an enterprise approach, it is extremely difficult to align your performance to organizational goals and objectives.

According to software vendor SAS, a recent survey of 1100 businesses revealed that performance alignment was the PRIMARY benefit companies hoped to receive from their performance management efforts. Aligning performance to your organization’s goals and objectives is critical to your organization’s success. On the other side, lack of alignment increases inefficiencies and risks and prevents optimal execution of the organizational strategy.

Think of this scenario as a model for linking corporate strategy to business objectives:

The executive board collaborates high-level strategic planning and identifies goals for the CEO and organization. The CEO then meets with his/her senior executives who in turn develop objectives derived from the CEOs goals and integrates those goals into the strategic plan. In turn, those executives meet with their managers who develop objectives derived from the strategic plan, and so on. Then, each subordinate goal is tied to one or more goals of their manager. Ideally, the final result is that every tracked goal in the entire company can map back to a corporate objective developed by the board.

Chances of organizational success are greatly increased by translating each high-level objective into a cascading series of focused performance measures. Using our previous example, the CEO may focus on net cash flow while the CFO looks at debt-to-equity ratio. The controller may focus on liquidity ratio, while the accounts receivable manager looks at days sales outstanding, and the accounts receivable clerk worries about percent of collections over 30/60/90 days.

This article discusses aligning corporate strategy to four key areas: departments/ divisions, workforce, finance, and systems.

Departmental Performance Alignment

Departmental performance alignment can be difficult when business processes within an organization span across multiple business units and functional support groups. To avoid bottlenecks, finger-pointing, and redundancy of work, shared performance measures that align people across organizational boundaries must be identified and responsibilities accounted for. For instance, a performance measure that includes percent of collections over 30/60/90 days might be applied both to accounts receivables clerks and sales representatives, thus sharing and integrating performance measures, encouraging collaboration and boosting overall performance.

Workforce Performance Alignment

When workforce performance is aligned with corporate objectives individuals in an organization develop a stake in that organization’s performance. Employees at every level are measured by something they understand and control, and that same measure is clearly linked to the goals of their direct supervisor and the organization as a whole.

Financial Performance Alignment

In an economy where results need to be achieved fast and investor confidence is low, CFOs and finance organizations are implementing integrated performance management to improve information quality and visibility. One challenge organizations face aligning performance is finding financial measures that are meaningful to those responsible for carrying out the work. Using the previous example net cash flow is a critical performance measure for executives, but it probably means very little to the accounts receivable clerk who has no idea of how their contribution improves net cash flow performance. Stick with simple financial metrics that employees can understand and control.

System Performance Alignment

The IT/IS department’s role is to provide technical support for the entire organization. While we know that this alone is a complex task, today’s business model requires systems to not only support users, but to align technology to meet the business needs of the organization. Understanding business unit objectives and translating them quickly and accurately into IT priorities is essential today. So how does an organization measure how well their systems are aligned to organizational objectives? By implementing vehicles for aligning and measuring IT performance, such as service level agreements, performance-based contracts, and products and services catalogs to generate reports that illustrate how well they are measuring up to business objectives.

If you can move closer to aligning performance in these areas your organization will be well on it’s way to surpassing all of it’s goals and objectives. While the goal of a performance initiative is to align performance to organizational strategy, it is most important to maintain flexibility and adapt to organizational changes quickly.

About Victor Holman

Victor Holman is a business performance and growth strategy coach, consultant, international speaker, entrepreneur and creator of the Business Performance Portal. He has provided his expertise to over 50 government agencies worldwide and hundreds of corporations of all sizes. His goal is to help small businesses outperform their competition by applying business growth strategies and assessment tools that work for large, successful businesses.

He provides business consulting for small and large size organizations, business coaching, team performance workshops, and in-depth on-site business assessments for business owners trying to take their business to the next level. His highly acclaimed Insider’s Secrets Club delivers fast, simple, easy to implement strategies for growing your business fast!

You can access his FREE business assessment tools, business management kits, business training programs, videos, templates, and more at http://www.lifecycle-performance-pros.com

Professional Business Project Management Services

Most of the businesses hire managed services Chesterfield VA providers on per project basis, which remains same for computer related projects as well. With this, you cannot expect a temporarily hired business project management professional to hover around for your company after the completion of the project.

Professional services play an important role in establishing a business, no matter how dedicated, experienced and reliable workforce you hire, but for any project management professional services are must to make it sure shot success. No matter whether the project is big or small, relying on self management methods is the worst thing that one can think of doing while working on business project management. You can hire managed services Chesterfield VA to look after or oversee the work with their experience and knowledge to make every project a success.

Finding managed services in Chesterfield VA is not as easy as it seems to be because there are several companies offer business project management solutions, but what you have to understand is that you also must be having experts who can deal with external sources while working as collaborators on a project. However, there are professional business project management service providers in Chesterfield VA that have marked their specialization in offering managed services according to the individual requirements of a business.

Business project management services can be availed for all sorts of businesses like construction, IT, FMCG, etc. because a professional project management company can offer end to end project management solutions despite the nature of business with their excellent analytical skills and expertise. However, such companies have specialization in computer related fields because these days no company can work without a strong IT support that also forms the backbone of the organization. Computers is an ever-growing and diverse field, wherein the chances of bugs to be fixed are very high, in such a scenario the importance of an experienced manager increases many folds, who can give deadlines to the developers and tell them how quickly and accurately they have to fix the bug if they want their project to see the day of light.

Most of the businesses hire managed services Chesterfield VA providers on per project basis, which remains same for computer related projects as well. With this, you cannot expect a temporarily hired business project management professional to hover around for your company after the completion of the project until and unless you have negotiated these terms before signing the contract. So, make sure you clear all the terms as per your requirement in the contract before signing it to avoid any repercussions in the future. So, outsource your business project management service provider to give boost to your business while making the best out of their experience and knowledge.

Nagpur Promising City For Investment In India

Nagpur, referred to as the ‘orange city’, is located in Maharashtra. It is a major city and contributes heavily to the state economy. In fact, it is known as the second capital of Maharashtra. It is emerging as the most promising location for investment in India. The infrastructure development is leading cause for Nagpur as an investment destination in India.

Many IT and IT related companies have established base in Nagpur. Great infrastructure coupled with skilled labor is the chief reason for Nagpur being held as a preferred destination. It fully satisfies the pre-requisites of the IT industry; i.e. power and connectivity. IT majors such as Wipro, Infosys, and HCL have already established their centers in Nagpur and many others are following suit. This industry offers great investment potential and growth prospects.

Nagpur also has many specialized and premier institutes. These top-notch institutes are the major reason why there is an abundance of professionals available in Nagpur. Foreign investors can also look at investing in the education sector owing to Nagpur’s excellent infrastructure. Also, the government has relaxed some FDI norms for investing which is an added stimulus to invest in this sector.

The real estate sector in Nagpur is going through a boom time. The MIHAN (Multi Modal International Hub and Airport for Nagpur) is a project that is going to boost the real estate sector further. The International Airport is also going to be set up as a part of the MIHAN project which will further boost the prospects of Nagpur.

MIHAN is also set to have an Information Technology Center, a captive power and a health center along with other manufacturing units. The infrastructure is supposed to be top notch and up to international standards. This project will transform the landscape of Nagpur. Thus, the real estate sector offers good prospects and potential for investment with more government initiatives such as these.

The transport industry is yet another area for foreign investment. To keep pace with the industrialization and establish Nagpur as a world-class city, the transport avenues are going to need up-grades. Hence, this sector has the potential for foreign investment and expertise.

The tourism industry is an area for investment, too. This sector has already garnered 120 million dollars. Nagpur has many popular tourist locations such as the Ambazari Lake, Balaji Mandir and the Sitabuldi Fort. Tourists visit Nagpur frequently, especially during the winter season. This is another major area one can look to invest in.

Agriculture is a significant contributor to the economy of Nagpur. Crops such as sugarcane, wheat, pulses, and cotton are grown here. Nagpur is especially famous for its oranges worldwide. Hence, the agricultural sector is also a great avenue for investment.

Owing to its strategic location, it can also be used as a multi-model trans-shipment center for agro and industrial commodities within India. It can also act as an international complex for cargo products.

Nagpur offers a plethora of options and foreign investors can look to invest in the above mentioned areas and avenues in Nagpur to reap multiple benefits.

Incident Management And Problem Management In Kovair Itsm

Incident Management
For IT service organization, it is essential to manage the event that disrupts the normal operation of a service. Usually the event is known as Incident, which may reduce the quality of service by means of any interruption. The challenge for the IT service provider is managing the Incident in an effective way to quickly restore the normal service operation as per Service Level Agreement and with least impact on business. The objective of service team is to analyze the incident, and provide work around to restore the normal service. But often, Incidents may initiate due to failure or error in IT infrastructure, and if work around is not available then Change may need to occur. Incidents, which are not identified as an out come of any IT infrastructural failure, nor have any workaround, are recorded as Problem.

Highlights of Incident Management in Kovair ITSM
Scope to create Incident from Service Request Management, and it is applicable only for IT-related service requests. An incident can be created manually or automatically. If a similar Incident exists, then the service team should link the Incident with an existing Service Request. Otherwise (in absence of similar Incident), the application will automatically create an Incident against the Service Request, and establish a relational link among them.
Provision to classify Incident on different parameters, and accordingly route it to a respective service team. Classification of Incident is necessary because an Incident may have workaround to restore the service, or in absence of any suitable workaround it may be identified as a Change or a Problem. The classification done at the beginning helps to take quick action on the Incident, and streamline the activities of a service team.

Defined process to identify interruption in service (that may be recorded directly in the system or transmitted from a Service Request), and to restore the service quickly by suitable workaround following a Service Level Agreement. This pre-defined process can be enhanced (customizable) as per business need, and meet the objectives of the incident management work flow of service provider.

Closure of Incident is managed through the process. Multiple Incidents can be linked to a Change or a Problem, in that case, closure of all these Incidents is strictly dependent on the closure of a linked Problem and/or a linked Change.

Problem Management
The significant difference between Incident Management and Problem Management in Kovair IT Service Management is that Incident Management focuses on a quick restoration of quality service, and Problem Management focuses on the origin/cause of service interruption. When the occurrence of an Incident is frequent or has severe impact on business operations, then Problem Management comes into the picture to determine the cause of Incident, and to seek solution. When the origin/cause of a Problem is identified it becomes Known Error. Problem Management can be of two types Proactive and Reactive. The objective of Proactive Problem Management is to prevent Incident before they occur in IT environment. This can be achieved by continuous inspection of service quality and analysis of IT infrastructure. The Reactive Problem Management, on the other hand, focuses on root-cause analysis of occurred Incidents and to provide solutions against them.

Highlights of Problem Management in Kovair ITSM:
Scope to create Problem from Incident Management. It can be created manually or automatically. If a similar Problem exists, then the service team should link the Incident wit an existing Problem. Otherwise (in absence of similar Problem), the application will automatically create a Problem against the Incident, and establish a relational link among them.

Supports analysis and investigation to identify the origin/causes of any interruption or malfunction in service quality (which is referred as Incident). It can be done for already occurred Incident or for a potential Incident that could be a threat to the quality of service in future.

Provides the scope to raise Requests for Changes (RFC), against the interrupted service that can be restored only by making changes in the IT infrastructure. A defined process for a root-cause analysis, a solution delivery, and post implementation review. A post implementation review and confirmation is necessary to make sure that solutions are appropriate to restore the quality service without any adverse impact that may degrade the quality. This pre-defined process can be customized as per business need and objectives problem management work flow of the service provider.

Closure of Problems is managed through the process. Multiple Problems can be linked to Change; in that case, closure of all these Problems strictly depends on closure of that link Change.

All You Wanted To Know About Warehousing Or Warehouse Management System

In the era of IT where everything is controlled by software programs, warehousing management systems are also getting very popular. Typically, a warehouse management system or WMS should include the task of controlling the material movement and storage. These are the basic functions of WMS; however, now most of the WMS are designed to manage planning, order management, transport management, supply chain management, and integration of all these systems with accounting system.

What A Warehousing Management System Should Include

The Basic Requirements Of Any WMS Are As Follows:

*It should have a flexible location system
*It should be able to easily integrate with various data collection devices
*For storehouse tasks, it should be able to offer user-defined parameters

The fundamental purpose of any WMS is to control the storage and transportation of materials.

Who Will Require Warehousing Management System

Each storehouse will benefit from some or the other function of the WMS; however, it is not necessary for each and every storehouse to use WMS. This is because WMS is quite complex, requires a lot of data, and consists of many high end applications. As such, installing and maintaining the WMS is very expensive and requires careful planning. Also, the initial setup as well as the continuous functioning of the WMS requires a lot of planning and resources. In a large organization, it may also require to set up a different department to monitor the warehousing operations. So if the operations of the storehouse are incessant with many transactions every day, then it makes sense to invest in WMS.

How A WMS Would Help A Company

WMS, For Any Storehouse, Enables Automatic Data Collecting. This System Will Help

*Reduce the cost of labor (with proper storehouse management, less number of laborers will be required to perform tasks)
*Increase the accuracy of the data
*Reduce the cycle time and provide effective customer service
*Reduce in inventory
*Increase the storage capacity

How WMS Is Setup

It is quite a daunting task to set up a storehouse management system. It requires categorization of similar items and similar locations. The details regarding products and raw materials, such as weight and exact dimensions, are maintained. There are several industry specific parameters also that need to be maintained in WMS. The origin of the product (location from where it needs to be picked up) and delivery location are also important and must be properly entered in the WMS. For doing these, the information regarding the item needs to be combined, including the order, quantity, and location.

Above all, the basic aim to install a warehousing management system is to improve the services offered to your clients in a way that was not supported by your earlier management systems. With more and more organizations opting for WMS-focused ERP solutions, it is becoming quite natural to install such software solutions. With an effective WMS, it would be easier to combine all the functions of storehouse management, including resources planning, distribution planning, transportation scheduling, and supply chain scheduling. Installing an effective WMS will certainly enhance the efficiency of any large organization, and it will also help improve their customer services and offer better business prospects.

Marine Information Technology services in shipping industry

In current shipping industries, it is very difficult to manage and organize marine information technology services. OceanManager aims to take care of all your storing and servicing needs. Our team of professionals follows flexible and dynamic approach to provide a full range of marine solutions. We rapidly finding and analyzing accurate information to ensure clients with fully managed, engineered solution from project inception to completion.

OceanManager list out various end to end marine IT services:

Enterprise Marine Application Development: For marine organizations, it is very important to implement software IT solutions for their vital operations. OceanManager Inc. Enterprise Application Development Services assists marine organizations in their businesses transformations and offers strategic vision to reduce cost which in turn increase return on investment and productivity. For business transformation, our enterprise software solution includes skilled resources and best-in-class technology. Our professional’s offers unique and innovative application development services with the focus on delivering customer-centric, scalable and cost-effective enterprise solutions.

Implementation and IT Consulting Marine Projects: In today’s competitive business environment, OceanManager Inc. offers marine IT consultancy services that support your strategic business objective. We align right set of practices to complement your business needs. In any project complication, our professionals are with you from project inception to completion. Our trustworthy and long term partnership results in successful performance leading marine solutions.

Software Testing Services: In order to get total customer satisfaction and to minimize the risk of production, cost & time, OceanManager Inc. introduces marine software testing services. We have a team of dedicated software testers who provide a full range of software quality assurance services (QA & QC) including software quality control and test planning. Our team supports software quality testing standards for both small and large development projects. We test software products for reliability, efficiency, stability usability, integrity and scalability. OceanManager ensures highest level of test solutions to achieve unbelievable customer satisfaction.

Product Engineering Services in Marine Industry: OceanManager Inc. offers a wide range of marine IT services for software products. Our professionals have strong IT consulting practice, domain knowledge and strong development system to support customers without sacrificing product quality. We help our clients at all stages of software development life cycle, which further includes: Product Strategy Consultation, Design and Architecture Development, Software Application Development, Testing and Assistance in getting regulatory compliance & certifications.

Database Development, Optimization, Migration, Warehousing and Analysis: Our experienced team of professionals are able to create, deliver and optimize ship to shore reports database to be compiled with ISM code. On successful creation of database, online analytical tool is used which enables the analysis of online data coming from the fleet of ships.

Navigational Software Services: In order o keep track of activities, OceanManager team has developed broadcast services with partners, to supply digital notices to mariners and chart correction tracings on weekly basis. We also work with the leaders of marine market to supply VAS (Value Add Software) to their navigational hardware including ECDIS, Electronic charts, Fleet tracking systems and much more.

Magento Ecommerce Made Easy With Tag Management For Marketing And Analytics

The main purpose of Magento Ecommerce is to increase the sales by making marketing and promotion of products easier. To make a business more effective, the data should be analyzed and useful information should be fermented. The source of such data includes web analytics, CRM, remarketing, affiliate marketing and many others. Usually all these sources are managed by different vendors with different sources. IT department does not want the marketers to change the code and the marketers want to have a constant flow of data and modify it as it is required.

Evolution of tag management
Magento for Ecommerce store development has found a way to satisfy the IT people who want to have the control over the site and the marketers who attempt to change the data collection strategies as required.

Tag is a snippet of JavaScript with HTML. It helps to collect data from other sources about the site and aggregate it into useful information. It helps the marketers to compile data by using one tag for a page and adding more tags when required through the tag management dashboard. It has brought a new phase of easy and effective data collection.

Tag management for Magento
Many Magento development companies have created a tag management service that can be utilized with Magento. This article explains about two most popular services. Before installing a service it is advisable to talk to Magento development company India to know the type of service that will suit different business needs.

TagMan
This was recently integrated with Magento. It helps to have a detailed view of the clicks, SEO and PPC tools. The other features of TagMan are:
1.Tracking tags
2.Aggregating information into a coherent source
3.Customer tracking
4.Lead tracking and understanding the source of leads

Google Tag manager
This is the most commonly used tag management service which is integrated to Magento. It gave a relief to the problem of managing tag tacking of many retailers. The main features of Google Tag Manager are:
1.Multi account support
2.Rule driven tag firing
3.User security permission system
4.Tag preview support
5.Including tags into production environment

Every retailer has a unique set of requirement. The above said services may not cater to all needs. The other option is to hire Magento developer and create a customized tag service to suit the business. Magento development companies have developed many services and they are available in online too. Surf all the services and compare before buying and installing.

Apeiront is focused on helping people by providing the latest information on Magento for Ecommerce store development. Its main aim is to assist people to be successful in their online business venture. Hire our Magento developer for your business.

Plan an Electrifying Start to Your Information Technology Industry Career

It seems that most people these days have a friend, relative or neighbor in the Information Technology industry. One could be forgiven for concluding that this popularity is a product of a well known process supplying the Information Technology industry with rejuvenated stock year in and year out. Nothing could be further from the truth, approximately 70,000 searches a month for the keywords Information Technology Career or similar variances on Google alone validate this claim.

Even with a University degree many graduates find themselves lost and confused about their career path. The problem that graduates face is that Information Technology is a broad description encompassing any and all industries involved with the storage, processing or delivery of information. Telecommunications specialists and hardware technicians alike call themselves “IT” professionals despite very different training and skill sets. As do developers, business analysts, help desk consultants, web designers and database administrators just to name a few others.

In an industry where knowledge is rewarded, opportunity awaits savvy students and trainees who focus their training sooner rather than later. Take our two example students whom Ive very imaginatively called Student#1 and Student#2.

Student #1 wasnt sure where his IT education might take him. He is bright and cruised through his course producing the following impressive results.

2007 High School Graduate
2010 Information Technology Degree (6.1 of a maximum 7 GPA)

Good results are great. But can we raise the bar without improving on the GPA?

Student #2 researched the industry very early into his degree; he spoke with appropriate parties including recruitment agencies and other IT professionals. He even volunteered for three weeks of work experience in his field of choice. He continued on a focused career track throughout his time at university and at the end of his degree his final portfolio of achievements looked like this;

2007 High School Certificate
2008 Systems Administrator (3 week work experience) Company XYZ
2009 Microsoft Certified Professional (MCP) Self Study
2009 Professional Membership AITP (Association of Information Technology Professionals)
2010 Information Technology Degree (5.6 of a maximum 7 GPA)
Major Infrastructure Technologies
Major Network Technologies

Student #2 focused his efforts towards a Systems Administrator role three years before he was scheduled to finish his degree. Apart from the additional experience he was able to get a first hand insight into the industry and learned that an MCP certification would be a valuable asset to his job hunting arsenal. Additional research also led him to join a professional association. Even his university degree shows clear intent and when you compare his achievements with Student#1 he looks a much stronger candidate despite a lower University GPA.

This is an example of well planned career development. The Information Technology industry excels in presenting unique opportunities and this is no exception. Forward thinkers and innovators stand up and get noticed Will you cruise through your studies or are you taking the bull by the horns?