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Whether you are ordering a book online, or a robot is assembling a car, automated processes, save time, save money and allow you to focus on … well, focus on what’s important.
By adopting repeatable, end-to-end processes into your business, you can benefit from best practices, optimize efficiency and execute more efficiently.
But, while executing efficiently helps, you need to make sure you are doing the right things – as well as doing things right.
To do this, there are processes like decision making, and defining business plans and corporate strategies which are more flexible, more people centric – and tend to change over time.
These are strategic processes and are focused on driving effectiveness.
So we have STRATEGY – or doing the right things … and EXECUTION which ensures we are doing those things as efficiently as possible. The problem is: in about 90% of organizations these two don’t communicate.
So when a new, strategic vision is announced, everybody listens, then goes back to work, and carries on doing … well, whatever they were doing before.
Because no-one understands what they have to change, to help the company reach its new goals – what they need to do to help the organization achieve STRATEGIC ALIGNMENT. ---
When new strategies are defined, opportunities like …
Can we increase profitability? Where should we expand?
Should we change our product line? … need to be addressed.
These OPPORTUNITIES however come with associated barriers … or RISKS.
If you just focus on OPPORTUNITIES, then you will follow fads not trends, or you may do something illegal.
On the other hand, if you focus on RISKS, you may stagnate.
By striking the right balance between OPPORTUNITY and RISK, your strategy can drive your business, you can predict how your business will perform, and have mitigation plans in place.
This is called PREDICTABLE PERFORMANCE.
Once the right opportunities have been defined - and required strategies reached, the Execution of the business changes.
These changes are fed into the identified risks, and should those Risks occur, we have a mitigation plan in place.
If Risks do occur that reality and our response is fed back into the Strategy to re-align the strategic direction.
So, this becomes a cycle where we're analyzing information to provide a clear view of what's happening throughout organization.
With this clear view of your organization, people can make CONFIDENT DECISIONS.
With the SAP BusinessObjects portfolio, SAP is the only vendor who can help you achieve those three critical elements of success: strategic alignment, predictable performance, and confident decisions.
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