 |
| Performance Management |
|
|
Devising strategies is the first significant step towards achieving desired goals. However, the battle can be won only when these strategies get converted into action plans that can be implemented. A common problem faced by many organisations is the yawning gap that creeps up between formulation of organisational strategies and their execution. The secret of success therefore is not in creating strategies but in relentless execution of these strategies across the organisation on a day-to-day basis. Managing performance at every level is therefore critical.
|
|
|
Lamat
|
|
|
Lamat is a comprehensive performance management tool that complements the MC3 framework. At its core Lamat uses the balanced scorecard concept for the purpose of performance measurement.
|
|
|
Lamat creates a foundation for collaboration by providing everyone in the organisation with a holistic view of the company's strategies and helping them understand how their role impacts the overall performance of the organisation.
|
|
|
Lamat ensures availability of critical information like expectations, agenda for action and the results of the action, on fingertips. In short, requisite information at all levels, at all the time in the desired format is a significant support that this tool provides.
|
|
 |
|
|
Lamat Capabilities
|
|
|
|
Provides a holistic and balanced view of business performance |
|
|
|
|
Helps align key performance measures with the organisation's vision and strategy |
|
|
|
|
Helps set goals and mark progress towards goal attainment |
|
|
|
|
Facilitates communication and understanding of business goals and strategy at all levels of an organisation |
|
|
|
|
Creates individual and shared view of performance |
|
|
|
|
Provides a basis for rewards and recognition |
|
|
|
|
Provides management with a comprehensive picture of business operations |
|
|
| Top |
