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September 3, 2007
Performance Management meets Business Intelligence
If we assume that management prominently features Planning at the front end of the cycle of "management performance" (i.e., exercizing good competency in the discipline of "management")...
...and if we assume that planning uses intelligence in the form of research that provides indicators of the potential for future success and risk...
... then to establish that business intelligence (BI) is part of performance management (PM), it is unnecessary to go any further than the concept of forecasting. The important view of this involvement is that neither effort (BI nor PM) wholly includes or excludes the other; rather, they logically intersect, co-operatively.
BI manages the perception of the operational environment. PM manages investment in the operational dynamics.
Perhaps there will be comments from the readers on the idea that strategy manages the relationship of BI and PM for a target group of stakeholders...
Posted by Malcolm Ryder at September 3, 2007 5:35 PM
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