Tactical Execution – Improving Cross-Functional Performance

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Eliminating process barriers between work groupsIt’s difficult enough for a manager to align, streamline, and make efficient those business operations under his or her direct control; adding one or more other work groups to a process’s execution exponentially increases this challenge. Consequently, organizations stand to gain substantial productivity benefits through better cross-functional process execution.

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Talent Management Best Practice 3 – Know the Organizational Value of Each Employee

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Identify the value contribution of your employeesIt’s become cliché to say employees are an organization’s most valuable assets.

Do you really know the organizational contribution value of each individual working for you?

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Budget Management Best Practice 3 – Monthly Budget Presentations

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Monthly business budget presentationBudget performance is important to the successful management of any organization and to the personal performance of individual executives and managers. Consequently, budget reviews occur on a monthly or quarterly basis; allowing enough time to pass for meaningful trends to develop but not so much time that corrective action could not be taken so to ensure a business group remains on budget.
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Budget Management Best Practice 2 – Monitor the Market and Be Prepared for Change

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Monitoring changes in the global marketplaceToday’s marketplace is both dynamic and complex; changing rapidly and possessing interrelationships between products, services, and commodities that are often difficult to perceive. These changes and interconnections favor organizations capable of responding to the evolving supply and demand for their current products as well as fulfilling new consumer needs.
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Budget Management Best Practice 1 – Line Item Awareness

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Budget Management Line Item AwarenessThe primary organizational responsibility of every executive and manager is the diligent management of resources. This oversight is clearly expressed through the effective management of an executive or manager’s assigned budget.
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