long term goals

Long Term Goals

I have often wondered about company goals that are set 10 -15 years in the future. Does anyone take them seriously when they are set so far in the future? In my previous career, I worked for an oil company, and we set targets for exploration efficiency (how good we [...]

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corporate performance management

The Business Guillotine – Only brave people can set ambitious targets

How is it in your company? Are your heads chopped off if you set ambitious targets and don’t reach them? If your company’s performance culture is characterized by “head chopping,” you will most likely [...]

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plans

Plans cast in stone

When is your budget outdated? The day you write it. I have worked with creating budgets in large corporations and was amazed that we still adhered to the old way of allocating resources. Luckily there are individuals and companies that have examined this under [...]

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business war

We are at war – time to change!

More and more companies find that “business is war.” Either you beat the competition, or you are beaten by the competition. In times like this, where competition is global and is changing rapidly, it is necessary for companies to change and adapt. We need “radars” [...]

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budget process

The annual budgeting process – the “ritual rain dance”

Companies start early to prepare the next year’s budgets. Normally there is a pre-process during the spring or summer where the foundations are laid. In September or October the real inauguration starts. At this time [...]

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corporate performance management

Are you managing your budget or is the budget managing you?

When was getting established as a young adult, and I purchased my first apartment, I set up a household budget. Each month I thoroughly monitored expenditures and balance. Some months I had extra [...]

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Performance management

Managing performance is managing people

Many managers appear to believe that the right way to manage a company is to put a lot of control mechanisms in place. This thinking is driven by the idea that all people are lazy and need to be closely managed [...]

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Performance management

Performance Makeup Studio

In my country we recently had the national election. What amazes me is that all the political parties are so positive about the results. Each party claim to be the winner. Quotes like “we improved compared to the last poll”, “we improved compared to last [...]

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corporate performance management

What is in your company’s medicine bottle?

In times where business environments are changing rapidly, it is important to choose the right medicine bottle for your company. Many companies pick the “budget medicine bottle” and believe that budgets and strict [...]

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corporate performance management

Annual budget cycle hurts

Do you remember last year’s budgeting process– how time consuming and detailed it was? After the financial crisis, things may have changed. Your budget and plan are now more like wishes than reality. But you may still have the same plan. Is the annual budget cycle [...]

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strategy management

Goal and Target Setting

“.. a goal that lies beyond the means of its accomplishment will lead to discouragement, frustration, demoralization. In other words, there must be a method to achieve an aim.” Deming, in his classic book The New Economics How many times have you seen [...]

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strategy management

Can you lose weight by weighing yourself?

I recently turned 40, and like many other men my age, I am cultivating a bit of a belly. Over the past few years, I have weighed myself more than ever. Sadly, the needle on the scale keeps going up and up. In the business [...]

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