Cookies help us display personalized product recommendations and ensure you have great shopping experience.

By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
SmartData CollectiveSmartData Collective
  • Analytics
    AnalyticsShow More
    data driven insights
    How Data-Driven Insights Are Addressing Gaps in Patient Communication and Equity
    8 Min Read
    pexels pavel danilyuk 8112119
    Data Analytics Is Revolutionizing Medical Credentialing
    8 Min Read
    data and seo
    Maximize SEO Success with Powerful Data Analytics Insights
    8 Min Read
    data analytics for trademark registration
    Optimizing Trademark Registration with Data Analytics
    6 Min Read
    data analytics for finding zip codes
    Unlocking Zip Code Insights with Data Analytics
    6 Min Read
  • Big Data
  • BI
  • Exclusive
  • IT
  • Marketing
  • Software
Search
© 2008-25 SmartData Collective. All Rights Reserved.
Reading: Innovating the Practice of Performance Management
Share
Notification
Font ResizerAa
SmartData CollectiveSmartData Collective
Font ResizerAa
Search
  • About
  • Help
  • Privacy
Follow US
© 2008-23 SmartData Collective. All Rights Reserved.
SmartData Collective > Business Intelligence > CRM > Innovating the Practice of Performance Management
Business IntelligenceCRMPredictive Analytics

Innovating the Practice of Performance Management

GaryCokins
GaryCokins
4 Min Read
SHARE

Everywhere you turn in the business media there are articles about how to manage during an economic downturn. Even I have written a recent blog on this topic titled ABBA: Take a Chance on Me … Choose Performance Management in an Ailing Economy. Many of these articles are advocating the author’s special interest angle. But I recently read one that I like that is titled Managing in a Downturn – the Time is Ripe for New Ideas by Lynda Gratton of the London Business School. A key quote of hers refers to the impact on managing of an economic:

Accepted wisdoms are challenged and this break in thinking can result in the adoption of new practices and the adoption of new habits and skills. These pressures and fissures – while difficult at the time – can yield fresh ideas, engaging experiments and interesting adaptations in the long run… 


Everywhere you turn in the business media there are articles about how to manage during an economic downturn. Even I have written a recent blog on this topic titled ABBA: Take a Chance on Me … Choose Performance Management in an Ailing Economy. Many of these articles are advocating the author’s special interest angle. But I recently read one that I like that is titled Managing in a Downturn – the Time is Ripe for New Ideas by Lynda Gratton of the London Business School. A key quote of hers refers to the impact on managing of an economic:

Accepted wisdoms are challenged and this break in thinking can result in the adoption of new practices and the adoption of new habits and skills. These pressures and fissures – while difficult at the time – can yield fresh ideas, engaging experiments and interesting adaptations in the long run. This is important because while many managers are adept at innovating products and services, few have been adept at innovating the practice of management itself. As a consequence, businesses are often cluttered with increasingly outdated ways of managing: performance management processes that were invented in the 1950s…

What impedes innovation in managing? It may be helpful to step back and think about what it means to manage an organization. Of course there are business schools, executive education programs, and MBA degrees that imply that managing is a formal profession, but it is not nearly as formalized as in fields such as engineering, law, or medicine. In those fields, there are bodies of accumulated wisdom well documented with rules and knowledge so that each successive decade those fields can improve upon themselves. For example, bloodletting is fortunately a medical practice of the past, and there’s been great progress since then. However, managing organizations hardly compares to these fields. New management fads routinely surface, and managers quickly purchase the next popular books heralding the fad as the solution.

More Read

Data is the differentiator
The cost of making sure
How to Thank Your Critics Online
The Tyranny of Consensus
Using Big Data to Reduce Home Energy

What is needed?

Continue reading “Innovating the Practice of Performance Management”

Share This Article
Facebook Pinterest LinkedIn
Share

Follow us on Facebook

Latest News

agenic ai
How Businesses Are Using AI to Make Smarter, Faster Decisions
Artificial Intelligence Exclusive
accountant using ai
AI Improves Integrity in Corporate Accounting
Exclusive
ai and law enforcement
Forensic AI Technology is Doing Wonders for Law Enforcement
Artificial Intelligence Exclusive
langgraph and genai
LangGraph Orchestrator Agents: Streamlining AI Workflow Automation
Artificial Intelligence Exclusive

Stay Connected

1.2kFollowersLike
33.7kFollowersFollow
222FollowersPin

You Might also Like

Where Was the Best Place to Work in the US in 2008?

1 Min Read

Bigger Than Big Data? Mobile User Expectations

6 Min Read

The analyst function is dead

5 Min Read

Because it’s Friday: Breaking Up

0 Min Read

SmartData Collective is one of the largest & trusted community covering technical content about Big Data, BI, Cloud, Analytics, Artificial Intelligence, IoT & more.

giveaway chatbots
How To Get An Award Winning Giveaway Bot
Big Data Chatbots Exclusive
ai is improving the safety of cars
From Bolts to Bots: How AI Is Fortifying the Automotive Industry
Artificial Intelligence

Quick Link

  • About
  • Contact
  • Privacy
Follow US
© 2008-25 SmartData Collective. All Rights Reserved.
Go to mobile version
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?