Management – an art and science whose primary focuses is to be result-oriented. Results-based management is an approach to management that integrates strategy, people, resources, processes and measurements to improve decision-making, transparency, and accountability; it concentrates and focuses on achieving outcomes, implementing performance measurements, learning and changing, and reporting performance.
It is a combination of the above attributes which can help achieve results. When you strike balance between each one of the phases of the management life-cycle in a planned and organized manner, the combined efforts assist in generating desired results. In most organizations many of the attributes are not recorded or managed properly, because the results are not analyzed properly.
Results are the outputs of value that must be produced to fulfill business objectives. They have common attributes and metrics like an identifier, description, value and quality, customer, group, quality standards, units of measure, volume, value-added, etc. that form result sets for monitoring if you are on the right course of action. If we do not manage all of the results as one complete set of information, we cannot manage business value or the outcomes from performance, value-quality chains, associated objectives and benefits, or strategic value creation.
Understanding your business, finding and focusing on opportunities, and building on strengths are a few guidelines which should be thought through before setting up a business. Start by defining your direction and identifying objectives which are smart — specific, measurable, attainable/achievable, reliable and time-bound. Once these objectives are set you can begin tracking the results to give an overall picture of your achievements and what corrective actions should be taken to meet or exceed the desired result.
Setting meaningful objectives and tracking them provides visibility to the management and helps set future direction for the organization. However in order to have such a system in place which is results oriented, one needs to have good managers and effective teams in place to make it a success.
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