Meeting Goals and Budgets
Analyzing Host Analytics
In light of the economic recovery, organizations continue to strive to minimize operating costs while ensuring operational alignment with business objectives. Additionally, companies must now do more with less -- launching more corporate initiatives to address competitive pressures, while leveraging a limited staff. Amidst this struggle, the process of setting the right goals, measuring progress against these goals, and improving future performance towards these goals, can become lost on the executive's agenda. What the executive should realize is that the lack of performance-driven decisions could send an organization into a downward spiral in terms of planning, execution, and outcome. In the latest September 2010 Aberdeen study, Achieving Corporate Objectives: Benchmarking and Improving Your Business Performance, 159 organizations, including 34 users of Host Analytics performance management software, voiced their implementation strategies for enterprise performance management and shared their performance results. Aberdeen then compared the level of objective achievements between Host Analytics' customers to those of the Best-in-Class companies. The comparison revealed that Host Analytics' users enjoy a high-level of business performance in terms of profitability growth, budget accuracy, and on-time achievement of enterprise objectives.
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Figure 3 compares how these critical capabilities contribute to the performance success of the top companies, including customers of Host Analytics.
In addition to effective decision workflow and staff accountability contributing to the success of Host Analytics’ customers in terms of on-time objective achievements, where they truly excel is in the change in profitability and budget accuracy.
How Demand Metric Can Help
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Balanced Scorecard Strategy Map
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