LAMAT
Devising strategies is the first significant step towards achieving desired goals. However, the battle can be won only when these strategies get converted into action plans that can be implemented. A common problem faced by many organizations is the gap between formulation of organizational strategies and their execution. The secret of success therefore is not in creating strategies but in relentless execution of these strategies across the organization on a day-to-day basis.
Lamat is a comprehensive performance management tool that complements Nihilent’s MC3 TM framework. It provides everyone in the organization with a holistic view of the company’s strategies and helps them understand how their role impacts the overall performance of the organization.
At its core, Lamat uses the Microsoft Business Scorecard Manager (BSM) for the purpose of performance measurement. The Balanced Scorecard, a proven approach to strategic management, puts the organization’s vision and strategy into a framework that effectively communicates strategic intent and monitors performance against established goals. In contrast to the traditional, financial based measurement systems, the Balanced Scorecard reinforces the organization’s focus on future success by setting objectives and measuring performance from different and distinct perspectives.
Lamat ensures availability of critical information like expectations, agenda for action and the results of the action, on your fingertips. In short, requisite information at all levels, at all the time in the desired format is a significant support that this tool provides.
The Lamat Advantage:
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Provides a holistic and balanced view of business performance
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Helps align key performance measures with organization’s vision and strategy
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Helps set goals and mark progress towards goal attainment
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Facilities communication and understanding of business goals and strategy at all levels of an organization
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Creates individual and shared view of performance
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Provides a basis for rewards and recognition
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Provides management with a comprehensive picture of business operations
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