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Unit 12: Business Intelligence




                                                                                                Notes
                                      Figure  12.3: BPM  Processes
                                         STRATEGY                 2. Plan
                      1. Strategize
                                                             Plans, budgets,
                      Strategic Plans                        scenarios
                      Strategic Maps                         Projects/initiatives

                                           Integrated
                                             data
                     4. Act and Adjust
                                                               3. Monitor
                                                            Scorecards
                                                            Reports/analysis
                     Forecasts and                          Alerts
                        models           EXECUTION
                      agents offers

          Source:  http://steconomice.uoradea.ro/anale/volume/2009/v4-management-and-marketing/210.pdf




             Notes  The key to effective BPM is tying performance metrics to business strategy, and that
             means a melding of two areas of technological functionality: strategic management systems
             and performance metrics. The first are systems that manage the key business processes that
             affect strategy execution, including objective management, initiative management, resource
             management, risk management and incentive management. The second is essentially a
             business intelligence platform for automated data exchange, reporting and analysis.
          BPM should produce three core deliverables:

              Information delivery to enable managers to understand the business.
              Performance oversight to enable them to manage the business.
              Performance effectiveness to enable them to improve the business.

               !

             Caution  Business performance management must be an enterprise-wide strategy that seeks
             to prevent organisations from optimising local business at the expense of overall corporate
             performance.




              Task  What are the steps included in business process optimum performance?

          Self Assessment

          Fill in the blanks:

          13.  ...................................... can  be  considered as being the final  component of  business
               intelligence. Business performance management allows companies  to more  efficiently
               collect data from their various sources, analyse it and take appropriate action.





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