Collaborative technologies help convey business strategy and achieve objectives
SuccessFactors, the leading provider of business performance management software solutions, and Accenture recently commissioned a business research report into ‘The Link Between Strategic Alignment and Staff Productivity’. The outcome of the report identified three critical areas for determining failure or success in the aforementioned area: Alignment & Collaboration, Performance & Productivity, and Growth & Talent.
The business report showed that only twelve percent of organisations surveyed possess an IT system that delivers the information needed for strategic business management and business execution. In comparison, nearly three out of four respondents whose companies use collaborative technologies, such as SuccessFactors’ CubeTree, feel their organisation communicates business strategy well or very well.
Additionally, key findings of the report show that two-thirds of organisations have a pay-for-performance policy, but of those only twenty percent ensures that reward is accurately aligned to contribution. Moreover, collaborative technologies are used in just forty percent of organisations and sixty-one percent of these organisations say their employee’s tasks are well or very well aligned to corporate strategy.
“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,” explained Erik Berggren, Vice President of Customer Results and Global Research for SuccessFactors.
SuccessFactors is also offering the opportunity for organisations to generate a individualised performance and alignment report. The personalised report can be created by answering a series of simple multiple choice questions. This then provides the organisation with both an Alignment & Collaboration and a Performance & Productivity score to help achieve business goals and objectives.
Further details about strategic business planning and creating a personalised report can be found at http://the-next-economy.com. Also, check out www.successfactors.com for business execution software, or follow the company on Facebook (http://facebook.com/SuccessFactors) and Twitter (http://twitter.com/SuccessFactors).
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