If performance management harmonization of finance and business is made through Business Intelligence modules with just more specialized functionalities it is than really Holy Grail, pure Utopia. If approach is different, made from decision making side and with involvement of basic rules for dealing and interpreting vast numbers of figures then
Continue reading Holy Grail [...]
Higher management level higher time horizon of decisions will be. Senior management uses lot of experience and unstructured knowledge in combination with company key performance indicators to make strategic decisions. Mid management uses combination of unstructured and structured knowledge to solve problems while low management has least possibilities, smallest range of possible actions. Their tasks are highly in routines.
Continue reading Decision types according to management function [...]