Business performance and management research reveals key to business success
A recent business research report titled, ‘The Link Between Strategic Alignment and Staff Productivity’, has highlighted key characteristics of the Next Economy, and the link between strategic alignment and staff productivity. The report also identifies three critical areas for determining failure or success in the area – Alignment & Collaboration, Performance & Productivity and Growth & Talent.
The report, commissioned by SuccessFactors, the leading provider of business performance management software solutions, and Accenture, claims that many companies are not effectively executing against strategy, with 80 percent recognising that they are not doing their best to communicate strategy through their organisation.
“Achieving business success in the new economy is more than simply being on the right course or redefining a new strategy. These are merely minimum requirements,” explained Erik Berggren, Vice President of Customer Results and Global Research at SuccessFactors.
According to the business research report, business leaders who recognise potential organisational shortcomings will emerge as the winners in the Next Economy. Additionally, the report reveals that business leaders need to carefully assess their own organisation’s status in relation to the study’s findings, as well as consider what the Next Economy looks like.
“Specifically, what matters most are the people who will execute the strategy – many of whom CEOs and senior management will never meet. It is essential for business leaders to align their team’s work with the overall business strategy and it is clear that most don’t know how to do this effectively. At SuccessFactors we work with customers to deal with this every day and through our Business Execution (BizX) solutions we are helping companies reverse this trend,” added Berggren.
SuccessFactors is the leading provider of cloud-based Business Execution (BizX) software solutions to organisations of all sizes, with more than 8 million users across multiple industries and geographies. The company has more than 3,200 customers in more than 168 countries using its application suite in 34 languages.
To read the report in full and to obtain the accompanying white paper, ‘Winners & Losers in The New Economy’, visit http://the-next-economy.com.
In addition, follow SuccessFactors on Facebook (http://facebook.com/SuccessFactors) and Twitter (http://twitter.com/SuccessFactors), or for further information about performance management software solutions visit www.successfactors.com.
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