The KPI Institute’s Performance Management in 2014: GCC Special Edition report followed one of our most important editorial rules, namely the triangulation of opinions gathered from practitioners, academics and consultants alike. In 2014, Jihan AlSherif, Principal Consultant – Business Transformation at Software AG, Bahrain, was one of the consultants who offered us rich performance related insights.
According to the Global Innovation Index (GII), a vital innovation driver within a country is represented by the educational achievements and results of its youth. However, school education is not necessarily focused on developing innovation skills, and those systems that barely target test-based academic performance of students who join science and technology subjects are not those that will foster creativity, critical thinking, and the necessary communication skills that are desired by an innovative society.
The corporate world is oftentimes believed to be too protective of their internal realities. More transparency is demanded with regard to all business environments, especially when the comprehensive research of today shows that performance is a by-product of an organization’s approach to its many fractions. One of the aspects today’s best talent rarely has access to, is gender balance within the organizations they target. This issue has gained interest at so many levels, that it sometimes becomes a single measure of progress looked at by prominent surveyors.
“Recognition is the most inexpensive, easy-to-use motivational technique available to management.”(Jim Clemmer, The Clemmer Group)
Recognition can be defined as acknowledgement and genuine appreciation of employees who have made positive contribution to the company’s success. It is an important form of feedback on the results of individual, or team efforts that has a direct impact on employees’ motivation levels.
Risk is generally regarded as an element or situation to be avoided, due to its negative impact component. However, risk simply refers to the uncertainty of the outcome an event can generate. In this sense, risk can have positive, as well as negative results. Nonetheless, because it is an area with a certain degree of mystery, risk management is, therefore, not to be overlooked or underestimated.