Is Open-Book Management Making a Comeback?

on July 22, 2013

The idea of opening up the books to all employees may seem scary to many business owners and managers, which is understandable. Financial transparency typically raises fears that - depending on the business situation - employees will either ask for more money or leave the sinking ship. Or worse, they could leak sensitive information to competitors. Although such fears are not entirely unjustified, experience has shown that open-book management is a good strategy to improve long-term business performance.

Measuring Strategic Success – How to Choose Winning KPIs

on February 24, 2014

By rule of thumb, how many key performance indicators do you think are there? 300? 500? Far from it! There are a whopping 17,000! At least if one is to believe the author of the book KPI Mega Library. Given this large number of KPIs, the question arises as to which to choose best in order to monitor and measure strategic progress. Unfortunately, there is no straight answer to this question. Too big are the differences between industries and companies. But here are some basic things to keep in mind when selecting KPIs...

Transformation Processes in Business Controlling: University of Duisburg-Essen Conducts Research Project

on September 30, 2014

Business controlling is currently facing a dynamic stakeholder environment as well as new requirements with regards to technological change and the convergence of corporate functions. In order to meet these challenges, companies are launching various processes to adapt controlling functions, such as the reorganization or further development of controlling services or improved IT support for reporting.