Don't just manage performance – improve it
Control costs without sacrificing growth.
Given the nature of current incentives (meeting quarterly or annual targets), the challenge is to meet short-term targets while preserving strategic growth initiatives.
Understand what drives cost and value.
Without this understanding, managers are unlikely to allocate resources appropriately and know where to make improvements. At best, it may generate suboptimal results; at worst, it could inadvertently and irreparably destroy value.
Organizations that can identify opportunities and threats more easily than their competitors, understand the implications, update strategy quickly and then execute that strategy consistently across the organization will be the winners.
Identify and respond to risks and opportunities.
A focus on the "triple bottom line" of people, profit and planet drives increased brand value through innovation, improves internal efficiencies and accountability, and engenders the loyalty of consumers, employees and other stakeholders.