Discipline & Balance Drive Success - A report prepared in collaboration with Cognos

Sponsored By CFO Research Services

Topics:

Budgeting & Planning > Business Performance Management

Business Software > CPM

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Abstract:

In the past several years, many companies have invested heavily in technology systems for storing, analyzing, and reporting performance data--and the results of this study show that many of these investments have paid off handsomely. Nevertheless, there are significant gaps in companies’ performance management capabilities--gaps in companies’ ability to assess the external economic and market context in which they operate, gaps in their ability to understand their own operating information, gaps in their ability to understand the risks that threaten them, and gaps in their ability to respond meaningfully to changing business conditions. In this research program, we gained significant insight into the ways companies have filled these gaps through a combination of rigorous information gathering, structured risk review, and aggressive investment in IT.

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