Maximizing value for an organisation and its stakeholders is the raison’d’etre of any organization. While almost all organizations implicitly recognize the objective of enhancing value, few have internalized it through their management practices. In other words, value creation may not be possible unless strategic planning and evaluation, budgeting, performance management and incentive compensation are aligned towards this end.
Over the last decade, noticeably, there has been a tremendous increase in the evolution of ‘Value based performance metrics’ like Economic Value Added (EVA), CFROI (Cash Flow Return on Investment) etc. Their proponents’ claim that these metrics explain changes in wealth creation better than any traditional accounting based measure. Many organisations therefore, use these metrics to evaluate corporate performance.
You will understand how performance metrics works, how this would benefit your organisation, why and how an increasing number of companies have designed it to link to business strategies and objectives, and the critical success factors that will ensure the performance metrics you set are beneficial to your organisation. |
Dhritiman Chakrabarti
Dhritiman leads the Performance and Executive Compensation practice for the South East Asia Market comprising Indonesia, Malaysia, Singapore and Thailand. Based in Singapore, he also serves as a Content Area Leader on Executive Compensation for the Asia Pacific region. Prior to this, he was working in a similar capacity at Hewitt’s Kuala Lumpur and Shanghai offices. He joined Hewitt in 1996 and has been involved with areas such as executive and board of director compensation, performance measurement systems (balanced scorecarding and other value based management approaches), performance management, performance based pay, sales force effectiveness and employee ownership consulting. Industries worked with include a diverse set, comprising the likes of Airlines, Automotive, Banking/Financial services, Consumer goods, Diversified conglomerates, Energy, ICT, Logistics, Manufacturing, Petrochemical/Petroleum, Utilities, Telecommunications etc and in geographies such as India, the People’s Republic of China, HongKong SAR, Indonesia, Malaysia, Thailand, Singapore and the United States. He has also spoken on numerous occasions on issues related to Executive and Board of Director Compensation, Corporate governance, Leadership, Performance measurement/ performance management, and Performance based rewards. Dhritiman holds a Bachelor’s degree in Commerce and a Master’s Degree in Business Administration with a specialisation in Finance and Business Policy.
|
