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Becoming World-Class: How BPM Delivers Shareholder Returns
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Trade Publication Article
Becoming World-Class: How BPM Delivers Shareholder Returns
2007
Overview
The Hackett Group's 2006 Book of Numbers research, which compiles results from benchmark studies performed at more than 200 organizations over the past three years, shows that companies with world-class planning, performance management, and business analysis processes can more than double their equity market returns and significantly lower the volatility of their operating profit. Although there is no secret formula for delivering superior returns in every company, the research points to several key BPM capabilities that enable the right information to reach the right people at the right time: 1. hiring the brightest and best finance talent, 2. focusing on report quality, not quantity, and 3. using technology to its fullest potential. The core goal of BPM is to enable better decision support. By making performance information available online, world-class companies are improving decisions throughout their ranks. By better enabling the decision-making process, it is little wonder that companies with worldclass BPM performance achieve greater returns for shareholders.
Publisher
Informa
Subject
