A fundamental business management solution to prevent business, financial, and economic crises
The financial crisis shows the confusion in business, finance, and economic management
The financial crisis causes serious concerns about the methods for business, financial, and economic management. All of a sudden, banks, financial institutions, and other enterprises realize that they do not manage their actual business and finances. We see the impact in the worldwide economic downturn. The financial crisis has shown one thing conclusively. We do not understand fundamental business, financial, and economic management problems. Efforts to date are guesswork at ways to ease the situation.
We need new solutions to business, financial, and economic management
Continual business, financial, and corporate governance problems are caused by deficient 20th century management used today to manage the enterprise rather than the business. Economic crises occur because businesses are not managed in concert with markets, demand, supply, and coherent government policy. But, no one knows real business management. Corrective actions address conventional enterprise management, and impose more government regulation and compliance reporting on enterprises.
For several years, Business Change Forum has been discussing the unsolvable problems of 20th century management. Now is the time for all to wake up to the unsolvable problems inherent in 20th century management that lays easily-distorted contrived structures over the business, preventing actual business management.
Result-performance Management (R-pM) is the fundamental solution to business, financial, and economic management problems
Result-performance Management (R-pM) is the only way to manage the actual business as the foundation for 21st century business, financial, and economic management. R-pM replaces overlaid 20th century structures with one business structure. R-pM focuses information technology on detailed business data on capital invested, economic output results produced, performance utilizing capital solutions to produce results, business descriptors, enterprises, and time periods for strategic planning for one accurate set of management information. R-pM manages finances as part of capital invested in the business. R-pM manages the actual business as part of the economy, in concert with markets, demand, supply, and government policy.
We must change the way enterprises are managed to eliminate unsolvable problems
R-pM often is rejected immediately, as not the way things are done. But, we cannot continue to manage the enterprises as has always been done. We must open our minds to understand the unsolvable problems of 20th century management and the actual business hidden under overlaid structures. We must study R-pM objectively to understand “what is the business” and how businesses must be managed. We must study how we can build on R-pM as the foundation for a comprehensive “Business Management Program” to address business, financial, and economic problems and prevent future crises. The coming recession is the ideal time to “bite the bullet” and address the problem with the needed long-term solution, while business is slow and the problems are fresh.
Details are assembled into a download “A Business Management Program to Answer the Financial Crisis”
This is a summary of an article in 21st Century Management Magazine “A fundamental business management solution to prevent business, financial, and economic crises“. Recent articles on the R-pM as a foundation for a Business Management Program are summarized in an free R-pM Community Download “A Business Management Program to Answer the Financial Crisis”, which is available at Result-performance-Management.com. Any country can implement a Business Management Program to restore their economy, improve financial management, boost business competitiveness, develop professional services, develop business solutions for created worldwide demand, and improve government business regulation and economic management.
