Business research report highlights key to successful performance management

SuccessFactors, the leading provider of business performance management software solutions, and Accenture recently commissioned a business research report into performance management and strategies, highlighting characteristics of the Next Economy, and the link between strategic alignment and staff productivity.

The report, ‘The Link Between Strategic Alignment and Staff Productivity’, identifies three critical areas for determining failure or success in this area – Alignment & Collaboration, Performance & Productivity and Growth & Talent.

According to the report, many companies are not effectively executing against strategy, with 80 percent recognising that they are not doing their best to communicate strategy through their organisation.

Erik Berggren, Vice President of Customer Results and Global Research at SuccessFactors commented, “Achieving business success in the new economy is more than simply being on the right course or redefining a new strategy. These are merely minimum requirements.”

The business research report claims that business leaders need to carefully assess their own organisation’s status in relation to the study’s findings, as well as consider what the Next Economy looks like. Business leaders who recognise potential organisational shortcomings will emerge as the winners in the Next Economy.

Berggren continued, “Specifically, what matters most are the people who will execute the strategy – many of whom CEOs and senior management will never meet. It is essential for business leaders to align their team’s work with the overall business strategy and it is clear that most don’t know how to do this effectively. At SuccessFactors we work with customers to deal with this every day and through our Business Execution (BizX) solutions we are helping companies reverse this trend.”

To obtain a copy of the business research report and the accompanying SuccessFactors and Accenture white paper, ‘Winners & Losers in The New Economy’, visit http://the-next-economy.com. Additionally, for up-to-date information, follow SuccessFactors on Facebook and Twitter, or visit www.successfactors.com.

About SuccessFactors

SuccessFactors is the leading provider of cloud-based Business Execution (BizX) software solutions to organisations of all sizes, with more than 8 million users across multiple industries and geographies. The company strives to delight its customers by delivering innovative solutions, a broad range of content, process expertise and best practices knowledge gained from serving a large and varied customer base. Today, the company has more than 3,200 customers in more than 168 countries using its application suite in 34 languages.