A Guide for the Performance-Perplexed

A new book explains the essentials of 40 performance management tools and practices.
CFO StaffApril 15, 2012

Jeremy Hope, who died last September, was a respected advocate of improving performance management. Co-founder and research director of the Beyond Budgeting Roundtable, a learning network with dozens of corporate members, Hope wrote several books on the subject, including Beyond Budgeting, Reinventing the CFO, and now, published posthumously, Beyond Performance Management (Harvard Business Review Press, February 2012; $29.95). Co-written by Roundtable director Steve Player, the new book is a reference guide to 40 performance management tools and practices, ranging from activity-based costing and the balanced scorecard to lean accounting, rolling forecasts, Six Sigma, and more. Each entry features an explanation of the tool or practice and its performance potential, actions to take (and avoid) to maximize that potential, and a list of further readings. Finance chiefs would do well to have this book at hand should they consider adopting one of these tools and practices, which, the authors point out, “typically represent a major change initiative and significant capital investment.”

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