Today we published a look into our industry-focused Periodic Table of Business tool-kit at http://www.business-foundation.com/industryfocus.html
You will find some of they key performance indicators (KPI), measures and metrics, as well as some common extended performance management initiatives for the following industries:
• Banking
• Healthcare
• Hospitality
• Insurance
• Life Sciences
• Mining
• Pharmaceutical
• Retail
• Software
• Telecommunications
We have also published key financial benchmarks (such as revenue growth, cost of goods sold, SG&A expense, cash cycle, asset utilization, and profitability) for each industry leader and the average among the top 5 leaders - based on the last 4 quarters of performance.
I recently joined the Harvard Business Review Advisory Council, and they shared the great Michael Porter article “What is Strategy” (HBR, November-December 1996). When I heard Dr. Porter speak at the World Business Forum in LA a few years ago I remember him saying “all strategy is industry specific” (and “don’t confuse operational excellence with strategy”). But the article reminds us of “generic strategies” that are useful to “characterize strategic positions at the simplest and broadest level.” (Originally from Competitive Strategy, 1985). The generic strategies are Cost leadership. Differentiation and Focus.
Using our industry specific broadsheets, based on the Periodic Table of Business, you can identify where you can implement initiatives that will help you model, plan, measure and analyze exactly what it is you want to be a cost leader on, what it is that differentiates your company, and what to focus on.
Please have a look at your industry details on our web site. We look forward to your feedback.
Comments