Best Practices in Planning and Performance Management: From Data to Decisions - Tapa dura

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David Axson (Akron, Ohio) is President of the Sonax Group, a business advisory firm. He is a former head of Corporate Planning at Bank of America and was a co-founder of The Hackett Group, where he was the architect of the firm's market leading benchmarks Bank. He is a sought after speaker and writer of best practices in planning and management reporting, and is widely regarded as a thought leader in the industry.

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Praise for Best Practices in Planning and Performance Management

"Having worked closely with David Axson, I have seen his strategic brilliance firsthand. The integrated approach he takes in practice synthesizes external dynamics, business process, planning, systems, and management for effective execution. Best Practices in Planning and Performance Management, Second Edition brings his keen insight to life, presenting a comprehensive approach to managing business dynamics in comprehensible language. This should be required reading for anyone engaged in the management of a complex business."
Greg Horn CEO, Garden of Life; former CEO, General Nutrition Centers

"Once again, David Axson has delivered a provocative read. Best Practices in Planning and Performance Management, Second Edition showcases the 'age of convergence' in business technology as companies begin to renew systems and transform business processes to align execution with strategy, improve decision making, and gain competitive advantage . . . Winning companies follow Axson's prescription of combining leadership, quality process design, and the functionality of proven performance management systems."
Rob Ashe CEO, Cognos

"Best Practices in Planning and Performance Management, Second Edition is an insightful guide for any organization seeking to transform its management processes. David Axson provides practical and thought-provoking perspectives on the practices needed to effectively manage performance in today's competitive and volatile markets."
Michael Geltzeiler CFO, Reader's Digest

Make better business decisions faster

If you are looking to significantly upgrade your management practices to better meet the needs of today's increasingly volatile, complex, competitive, and global markets, look no further. Best Practices in Planning and Performance Management, Second Edition provides an accessible framework to help any business unite its reporting and budgeting functions to achieve its strategic objectives.

Updated to reflect changes in the market, the implications of Sarbanes-Oxley, new technologies, emerging best practices, risk management, planning in a turbulent world, and global uncertainty, Best Practices in Planning and Performance Management, Second Edition is a must-read for anyone looking to leverage technology to better meet the needs of today's global environment.

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Bombarded by an avalanche of information, today's managers find that traditional budgeting, forecasting, and reporting techniques are not only obsolete, they're dangerous. They are simply too slow, too detailed, and too disconnected for the information age we live in. So where do managers turn to for help when asked to develop plans, build budgets, report progress, and make decisions in response to today's increasingly competitive, fast-paced, and volatile environment? The answers are found in Best Practices in Planning and Performance Man-agement, Second Edition.

David Axson's innovative text helps you significantly upgrade your management practices to better meet the needs of today's increasingly complex and global markets. By providing a framework for identifying best practices in performance management, Best Practices in Planning and Performance Management defines clear action plans for successfully developing, implementing, and profiting from the strategic applications of key performance metrics.

Part One makes the case for a radical change in the way managers manage performance, explaining why effective performance management is needed in today's fast-paced world and also provides a series of diagnostic tools and measures to help you evaluate the improvement opportunity. Part Two describes the principal best practices for each element of the performance management process strategic planning, tactical and financial planning, management reporting, and forecasting. A new chapter on risk management reflects its emergence as a critical component of any effective performance management process. Finally, Part Three provides insights into the steps required to design a best practice inspired process that is right for your organization as well as the critical success factors for implementation.

With its increased emphasis on performance management, including incentive compensation and competitive analysis, this Second Edition has been thoroughly updated throughout to address the implications of Sarbanes-Oxley, new technologies, global uncertainty, emerging best practices, and risk management. Filled with examples and case studies of how leading companies are rethinking the way they make and implement decisions, this proactive guide for managers and students of business will help you consistently make and execute better decisions faster.