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SYSTEM: OPERATIONALOT/IT CONNECTORS: 150+AUTONOMOUS OPERATION: 15+ DAYSGOVERNED AUTONOMY: ENFORCEDAUDIT TRAIL: IMMUTABLEINDUSTRIES: MINING · OIL & GAS · ENERGYDEPLOYMENT: 3-6 MONTHS VIA APEXCONTROL LOOPS: 3,400+ SYSTEM: OPERATIONALOT/IT CONNECTORS: 150+AUTONOMOUS OPERATION: 15+ DAYSGOVERNED AUTONOMY: ENFORCEDAUDIT TRAIL: IMMUTABLEINDUSTRIES: MINING · OIL & GAS · ENERGYDEPLOYMENT: 3-6 MONTHS VIA APEXCONTROL LOOPS: 3,400+

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The Business Drivers

There are 6 business value drivers identified by Jack Alexander in his book Performance Dashboards and Analysis for Value Creation that are under management’s control to influence: 1. Sales Growth 2. Relative Pricing Strength 3. Operating Effectiveness 4. Capital Management 5. Cost of Capital 6. Intangibles, Credibility, Future Expectations These business value drivers can be influenced through a pro-active performance management approach. Improving the business performance can be achieved through a number of mechanisms both hard and soft in the organisation. Business processes are one of the tangible mechanisms that can easily be addressed to impact business performance. Pro-active process management impact most of the value drivers in a direct fashion. It can influence sales growth, drive and manage operating effectiveness, assist with capital management and manage intangibles.
6 business value driversBusiness Process Management is the one business methodology that can have a significant impact on business performance and value. I will address the concept of effective performance management through business process management in future posts.