Archive for March, 2007

There are many methods for capital development project management, but they all have difficulty planning and developing specific project benefits, gathering development costs for specific capital to be utilized in operations, and relating the costs of specific performance solutions developed to the actual benefits provided in operation to measure the return on investment. We have discussed these difficulties in many “Capital Development Plans and Projects” posts in the Business Change Forum.

21^st Century Management manages investments to gain a planned result value return

Rule No. 7 of The 10 rules of 21^st Century Management with R-pM: Manage investments to gain a planned return. The enterprise cannot manage the benefits of development unless the specific results to be produced by the developed capital are defined and managed. The enterprise cannot manage costs against the benefit to know the specific return on investment, unless the specific performance solutions being developed are defined and managed.

Result-performance Management (R-pM) is the conventional method to organize the business for 21^st Century Management. R-pM uses unique bottom-up Result-performance Development to develop both the costs and benefits of development, so that they can be tracked into operation to provide the planned and managed return on investment.

R-pM provides a business structure for capital development project results produced and performance solutions utilized for effective project management and to capture of costs of new solutions developed as project results.

Do not attempt any capital development project without studying and understanding the benefits of R-pM as summarized in the article “R-pM for Capital Development Project Management” in 21^st Century Management Magazine.

21^st Century Management eliminates 20^th century problems

Result-performance Management (R-pM) eliminates the capital development problem and other costly 20^th century problems. Slash costs, simplify business management, and boost competitive advantage through R-pM, the conventional method for 21^st Century management.

Download your 21^st Century Management Manual today

Your 21^st Century Management Manual, The R-pM Toolkit, is available today and is under continual development to expand and refine 21^st Century Management. The R-pM Toolkit explains how to manage capital development projects with R-pM to know the results being improved and the performance solutions being developed to add future value to the results for the value-added return. Get your R-pM Toolkit, and future updates, at result-performance-management.com.

Management consultants can provide significantly improved services by helping enterprise clients to organize and manage the business with R-pM. This enables the management consultant to work in partnership with the enterprise for measured result value-added success that is beneficial to both parties.

Corporations hire consultants for Change Management, rather than organizing to change naturally

Business change is very expensive, when the business is not organized or managed. Business change is not change to the business, but change to overlaid structures to align them closer to the actual business.

Normally, business change projects are supported by management consultants hired to implement change. The enterprise found many problems in absorbing change and utilizing implemented solutions, creating resistance to change. Resistance to change was blamed on enterprise staff rather than the overlaid structures used. The management consultants introduced a service “Change Management” to address the problems of resistance to change. These services addressed the symptoms, but never addressed the real problems that prevent the management of change.

R-pM eliminates “Change Management” problems

The reasons that hamper business change management are eliminated by Result-performance Management (R-pM). [more...]

Do you manage your business? The article Improve Business Management by Managing your Business explains why you do not manage your business and how to make significant productivity and value-added gains by managing the business.

21^st Century Management eliminates 20^th century problems

Result-performance Management (R-pM) eliminates costly 20^th century problems. Slash costs, simplify business management, and boost competitive advantage through R-pM, the conventional method for 21^st century management.

Download your 21^st Century Management Manual today

Your 21^st Century Management Manual, The R-pM Toolkit, is available today and is under continual development to expand and refine 21^st Century Management. Get your R-pM Toolkit, and future updates, at result-performance-management.com.

Some, who have contacted us, have raised concerns about possible obstacles to the transition to 21^st Century Management with Result-performance Management (R-pM). Most concerns relate more to resistance to change, which is addressed in other posts. In this post, we address the means of making the transition to R-pM.

Features of R-pM and Information Technology assist the transition

R-pM will always be under continuing development. We have already made a very large investment in developing and documenting R-pM, and initial solutions. Even more new development is needed for integrated R-pM solutions and the full learning and consulting services.

Development of R-pM support and services and initial utilization of R-pM to meet business needs can proceed in parallel. Several features of R-pM facilitate the immediate utilization and the transition to full R-pM: [more...]

Professional golf is one industry that intrinsically employs Result-performance Management (R-pM). Each professional golfer and those the golfer employs is an enterprise. The golfer separates results from performance, and organizes his business to utilize capital effectively in performance to produce quality results. Like any enterprise, the professional golfer’s competitive differentiator is the totality of how well he develops and utilizes his performance solutions to produce value in results.

Other industries can learn about organizing the business for 21st century management from professional golf, to develop cost-effective performance to produce value-quality results. If you are a golfer, learn about managing your enterprise from the way you manage your golf game. Read the 21^st Century Management Magazine article “The Professional Golfer teaches us Result-performance Management”, to learn how to use R-pM in your enterprise.

21^st Century Management eliminates 20^th century problems

Result-performance Management (R-pM) eliminates costly 20^th century problems. Slash costs, simplify business management, and boost competitive advantage through R-pM, the conventional method for 21^st century management.

Download your 21^st Century Management Manual today

Your 21^st Century Management Manual, The R-pM Toolkit, is available today and is under continual development to expand and refine 21^st Century Management. Get your R-pM Toolkit, and future updates, at result-performance-management.com.

Some have contacted us about conventional 20th century structures overlaid on the business. Some people define “overlaid” literally and “business” loosely.

R-pM is one business structure that organizes and manages the business and changes with business change

The generally-accepted definition of the enterprise business is “the activity of providing goods and services”. Therefore, organize and manage the business means organize and manage “the activity of providing goods and services”. This is the objective of R-pM. R-pM manages business activity as performance and business goods and services as results.

Enterprises today use many structures to organize and manage. There is an organization structure to show reporting relationships and other structures for strategies and plans. There are likely business processes to manage the business. There may be job or functional descriptions, career paths, salary scales, for human resource management. [more...].

Many posts at the Business Change Forum discuss the problems with 20^th century accounting and the need for professional records management for 21st Century Management. Rule No. 4 of the Ten Rules for 21 Century Management is: Keep records on the full cycle of cost and value in operations and development.

Today’s enterprise faces many obstacles to professional record capital management provided by R-pM. Financial accounting is often seen as enterprise records management, but maintains a professional view of what it will record, and acts as an administrative function, rather than professional records management. Financial accounting does not record the business, but accounts against a chart of accounts overlaid on the business.

This subject is discussed in an article in the 21^st Century Management Magazine, Broaden Financial Accounting to provide Professional Records Management. The article shows how R-pM provides a unique opportunity for the accounting profession to expand to professional records management. Professional facility records management maintains financial and non-financial facility records of the actual business, and provides information capital solutions from records, where needed to produce results at all levels of business management.

This article is important for the future of professional business, financial, cost, or management accountants and anyone in the accounting, auditing, and records management profession. If you are in the industry, read the article carefully and forward it your fellow professionals, for their views.

21^st Century Management eliminates 20^th century problems

Result-performance Management (R-pM) eliminates the records management problem and other costly 20^th century problems. Slash costs, simplify business management, and boost competitive advantage through R-pM, the conventional method for 21^st Century Management.

Download your 21^st Century Management Manual today

Your 21^st Century Management Manual, The R-pM Toolkit, is available today and is under continual development to expand and refine 21^st Century Management. Get your R-pM Toolkit, and future updates, at result-performance-management.com..

Human resource development and management does not develop human capital precisely to produce valuable results and increase in worth

There is a lot of talk and writing about human capital, intellectual capital, knowledge management, and other means to improve the capabilities, productivity, and output of human capital. Despite the talk and writing, companies have never been able to integrate business capability requirements, human capital capability development, qualified human capability deployment, human performance and cost, the value created by human performance, the value-added by human capabilities, and the worth of specific human capital.

Many companies proclaim that their people are their most important asset. But most of the companies manage human resources as employees, rather than managing human capital. Many common human resource structures actually stifle human capital with contrived organizations and positions, position or job descriptions, salary scales, and career plans.

Result-performance Management (R-PM) develops needed capabilities to produce result value and increase human capital worth

Result-performance Management (R-pM) manages human capital to deploy human personnel solutions to be ready to be managed to produce results, human capability solutions where required by the business to produce a specific result, and human knowledge solutions to develop human capabilities and to utilize specific solutions to produce specific results. [more...]s.

Enterprises must organize the business to develop properly

Result-performance Management (R-pM) organizes business outputs in results and the capital utilized in performance into one integrated business structure for 21st century management. The business itself provides one structure to organize and manage both operations and capital development. Enterprises develop capital in two dimensions through new or improved performance solutions used to produce new or improved results. R-pM plans and manages both the new solutions being developed and implemented and the improved results being produced. Investment costs are in the solution development; investment benefits are in the value added to results. All new and prior solutions are integrated and aligned with the results produced and managed as one business whole.

Conventional capital development overlays new organization and management structures on the business

Conventional 20th century enterprises do not organize and manage the results they produce or the performance solutions utilized to produce results. This makes it very difficult for the enterprise to plan and manage development. Enterprises go through many development projects to develop organization structures, strategic planning structures, business processes, information systems and application architectures, charts of accounts, performance management structures, etc. The objective of development is to implement the structure in one dimension to improve performance. [more...]>.

Thanks to all those who have contacted Business Change Forum

The Business Change Forum encourages visitors to become members and comment on articles posted, although many have told us that it is difficult until one understands R-pM.

We also encourage visitors to “Contact Us” for particular questions and suggestions on business change or improving with R-pM. We sincerely thank those who have commented on posts and who have contacted us. We appreciate all those who have contacted us to say how informative they find Business Change Forum. We try to respond to those who contact us with specific questions and include their email contact.

Please contact us with questions on applying R-pM to solve business organization and management problems.

Now that enterprises and corporations are beginning to apply R-pM, contacting us is becoming more important. We are now receiving questions at the R-pM websites from those applying R-pM. Contact Result-performance-Management.com for questions on how R-pM works.

Business Change Forum visitors can contact us for questions on using R-pM to solve business organization and management problems, and we will post a response for all our visitors to see. We want to use Business Change Forum, not only to describe unsolvable problems that are eliminated by R-pM, but also to help R-pM users to solve real business change and management problems.

21^st Century Management eliminates 20^th century problems

Result-performance Management (R-pM) eliminates costly 20^th century problems. Slash costs, simplify business management, and boost competitive advantage through R-pM, the conventional method for 21^st century management.

Download your 21^st Century Management Manual today

Your 21^st Century Management Manual, The R-pM Toolkit, is available today and is under continual development to expand and refine 21^st Century Management. Get your R-pM Toolkit, and future updates, at result-performance-management.com. .