21st Century Management Conventions and Standards Consistently Organize and Direct the Business
Result-performance Management (R-pM) is the conventional way to organize the business for 21st century business management. Business management provides a common business structure for business organization, business operations and development, business collaboration, business learning and education, common business services that can be applied to any enterprise, and common business software and solutions that any enterprise can utilize.
An adjunct to the development of business management is the development of 21st century management conventions and standards. 21st century management is one consistent and clearly-defined set of business organization and management descriptions, conventions, standards, coding structures, and definitions that eliminate the contradictions, inconsistencies, and unsolvable problems of 20th century management. R-pM and business management adhere to 21st century management conventions and standards.
21st century management is documented in the Business Management Toolkit
Business management is documented in the Business Management Toolkit, your 21st Century Management Manual. 21st century management descriptions, conventions, standards, and definitions are also documented in the Toolkit. The Business Management Toolkit is under continuing development. The Toolkit already contains the fundamental documentation needed to begin learning, implementing, and utilizing business mManagement. Those downloading the Toolkit today receive a subscription to all future Business Management and 21st Century Management advances and documentation as updates to the Toolkit.
21st Century Management documentation includes:
- 21st Century Management Descriptions: The specific business management concepts and approaches that constitute 21st century business management
- 21st Century Management Conventions: Specific business operation and development rules, methods, coding structures, and guidelines that are followed by all 21st century businesses to enable collaboration and common services and solutions any business can utilize
- 21st Century Management Definitions: The terminology and definitions used in 21st century business management to enable precise and consistent communication
- 21st Century Management Standards: Specific capital levels, performance expectations, and result goals to meet in 21st century business management to enable benchmarking and improvement
21st century business management is under continual development. New 21st century management documentation is added to the Business Management Toolkit as developed. 21st century business management standards follow behind business management development to document those conventions that are proving particularly successful across the board in practice and to dovetail in on specific standards that should be met.
The 21st Century Management Glossary is included in the current Business Management Toolkit
The 21st Century Management Glossary is included in the Business Management Toolkit. The Glossary contains a comprehensive list of terms with the definitions as used in 21st century business management. Following are some of the basic terms used in Business Management Version 2, in 21st century management conventions and standards, and followed in articles posted in the Business Change Forum:
- Business: Investments in capital as solutions of worth utilized for costs and effectiveness of performance to produce value and quality in results
- Business Structure: The planned or actual organization and relationships of specific results to be produced in the result structure, solutions available in the capital structure, and the implementation of specific solutions to domains in the performance structure to be utilized to produce specific results
- Capital: Assets and capabilities of worth, invested in the business, and organized as solutions that can be utilized and incur costs in utilization
- Capital Measure: Measurement of the capacity, total investment cost, unamortized investment balance, capital worth, return on investment and other measures for each capital solution over its useful life
- Capital Management: Responsibility to acquire, develop, maintain, support, and operate, as needed, for a category of capital solutions in the capital structure
- Capital Solution: An item of capital organized in the capital structure that can be implemented and utilized to produce a specific result
- Capital Structure: Solutions organized for support by those with the human capability and to be integrated with other implemented solutions to produce specific results
- Domain: The basic building block of the 21st century business structure where one solution is utilized to produce one result, called a performance domain. Also, a management domain where solutions under the responsibility of one performance manager produce results under the responsibility of one result manager
- Enterprise: A company, division, subsidiary, government, institution, project or any defined unit that has a set of results to achieve and performance solutions to use with a responsible manager and the authority to make changes
- Management: The organization, planning, directing, control, reporting, and governance of the current to strategic business in capital solutions utilized to produce results, and of capital solution investments and development to add value to results
- Organization: Structuring of a current or planned business or part of a business as results to be produced, capital solutions in development and available, and deployment of solutions to be utilized in performance to produce specific results
- Performance: The utilization of capital as specific solutions to meet expectations and produce specific results
- Performance Indicator: Measurement of the level of capacity utilization, cost, effectiveness, uncertainty, worth, and other attributes of specific capital solution utilization in performance by result and in total continuing over time
- Performance Management: Responsibility to provide and support qualified solutions that meet expectations in utilization to produce results
- Performance Structure: The set of domains for each specific solution deployed to produce a specific result with rules, exceptions, expectations, and performance totals
- Result: Economic output from business performance of positive or negative value that can be counted and measured
- Result Management: Responsibility to accept and utilize deployed capital solutions to produce assigned results and reach result goals
- Result Metric: Measurement of the volume, value, quality, and risk, and other attributes of results produced within a time period
- Result Structure: Results produced by the business organized by value and cost hierarchy, organization management responsibility, and impact and chain relationships
These are just examples for some basic terms to understand 21st century business management.
21st century business management is meant to be a product of the business management user community
In developing business management, we are providing a vehicle for standardizing and documenting 21st century management conventions and standards.
As business management comes into use, we encourage input from business management users, management consultants, solution providers, and educators on specific aspects of business management. The Business Change Forum will provide a forum for discussion of proposed 21st century management conventions and standards.
In this way, we can avoid the unsolvable problems that arose in the haphazard evolution of 20th century management and eliminate the problems that caused the current economic recession.
Result-performance Management (R-pM) provides the knowledge for actual business management
Result-performance Management (R-pM) is the only source of knowledge and expertise on how to manage the actual business. Forward-looking enterprises are now using R-pM guidance to organize and manage their business to gain breakthrough advantages over competitors burdened by unsolvable 20th century management problems. Business management is explained and documented in the Business Management Toolkit. The Toolkit provides procedures for actual business management and maintains emerging 21st century management conventions, definitions, and standards. The Business Management Toolkit guide “How to Build Result Value-quality Chains” describes value chains in detail. Management consultants who base 21st century business management services on R-pM knowledge are licensed to help enterprises learn, organize, and manage the actual business. Business management knowledge and the Business Management Toolkit are available and supported today at result-performance-management.com.
The solution to the economic recession is explained in free downloads
Three free white papers explain the dead-end 20th century management problems, such as the failure to plan, account for, and manage the actual business, that caused the economic crisis, the way to eliminate the problems, and a government program to address the crisis by stimulating the economy, solving the problems, building a structure for financial and economic management, and organizing local businesses to flourish in the eventual recovery.
- How to Eliminate Problems that caused the Economic Crisis explains the major unsolvable 20th century management problems and the solution to eliminate the problems
- Business management; the only Solution to the Economic Crisis explains how to plan and manage the business to capture business data and provide management the information needed for actual business, corporation, industry, and economic management
- A Government Business Management Program to Answer the Economic Crisis outlines a government program to encourage business management, stimulate the economy, restore confidence, organize businesses to flourish in the recovery, and manage economic cycles to prevent future crisis
These three white paper downloads are available to R-pM Community Members at result-performance-management.com. There is no cost or obligation to join the R-pM Community. Join by entering your email address and personal password. Your email address is protected and used only for download problems, product updates, and occasional R-pM Member news and white papers.
