Strategic Analytics: Advancing Strategy Execution and Organizational Effectiveness
More than ever, data drives decisions in organizations—and we have more data, and more ways to analyze it, than ever. Yet strategic initiatives continue to fail as often as they did when computers ran on punch cards. Economist and research scientist Alec Levenson says we need a new approach.
The problem, Levenson says, is that the business people who devise the strategies and the human resources people who get employees to implement them use completely different analytics. Business analytics can determine if operational priorities aren't being achieved but can't explain why. HR analytics reveal potentially helpful policy and process improvements but can't identify which would have the greatest strategic impact.
This book shows how to use an integrated approach to bring these two pieces together. Levenson presents a thorough and realistic treatment of the reasons for and challenges of taking an integrated approach. He provides details on the different parts of both enterprise and human capital analytics that have to be conducted for integration to be successful and includes specific questions to ask, along with examples of applying integrated analytics to address particular organizational challenges.
Effective analytics is a team sport. Levenson's approach allows you to get the deepest insights by bringing people together from both the business and HR perspectives to assess what's going on and determine the right solution.
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Strategic Analytics: Advancing Strategy Execution and Organizational ...
Limited preview - 2015
aligned analysis approach balanced scorecards behaviors budget build business and HR business results business unit cash flow causal model challenge chapter clients company’s compensation competency gaps competitive advantage contribute create crossfunctional culture customer retention customer service data mining decision rights decisionmaking delivery driving efficiency employee engagement ensure enterprise analytics enterprise and human enterprise level evaluating example execution and organizational executive coaching factors Figure focus focused frontline functions goals GTM systems high highperformance work design human capital analytics human capital level identify important improve strategy execution increase insights interdependencies investment issues job design Levenson manufacturing measures metrics motivation multivariate statistics operations organization design organization’s organizational capability organizational effectiveness organizational performance performance management potential problems responsible RSRs scorecard senior leaders shortterm skills solutions sources of competitive specific step Strategic Analytics diagnostic strategic objectives success tasks turnover versus what’s