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Strategy to Success: Oracle's Framework for Achieving 'Management Excellence'
Organizations worldwide have achieved measurable business results and higher levels of operational efficiency by implementing enterprise resource planning (ERP) business applications for business processes such as order-to-cash, develop-to-release, and invest-to-retire.
With the broad-scale adoption of ERP systems, the competitive advantage of operational excellence is beginning to fade, opening up a new frontier that Oracle calls Management Excellence.
Smart, Agile, Aligned
According to John Kopcke, senior vice president, business intelligence and performance management, there are three pillars of Management Excellence. Companies must be smart. They must be agile. And they must be aligned.
"Smart organizations recognize that they must rationalize their analytical tools and management systems to eliminate the noise and provide actionable insights to all the stakeholders of the enterprise," explains Kopcke.
"However, being smart is useless unless you have the agility to turn insights into action," Kopcke adds.
For example, organizations today are constantly in flux, from global expansion and growing product lines to strategic acquisitions. That means analytic systems need to dynamically plug into the evolving enterprise information architecture.
In addition, companies must be aligned to bring insights across the value chain and to every stakeholder.
"Organizations must evolve from a command-and-control approach to a collaborative model incorporating contributions from all stakeholders and share information through integrated systems and processes," explains Kopcke.
Strategy to Success Framework
Just as ERP and customer relationship management (CRM) systems helped companies achieve operational excellence, Oracle maintains that enterprise performance management (EPM) systems can enable Management Excellence. To that end, Oracle has delivered the next release of its EPM system, the industry's first integrated, hot-pluggable, end-to-end EPM system.
Leveraging the capabilities of the Oracle EPM System, Oracle is pioneering a series of integrated management processes designed to help organizations achieve Management Excellence. This framework, which has been dubbed "Strategy to Success," encompasses six core processes, including: sustain-to-gain, investigate-to-invest, design-to-decide, plan-to-act, analyze-to-adjust, and record-to-report.
To learn more about Management Excellence and the six key processes of "Strategy to Success," check out the inaugural issue of the new Journal of Management Excellence.
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