business performance management (BPM)

Definition

A business management approach which looks at the business as a whole instead of on a division level. Business performance management entails reviewing the overall business performance and determining how the business can better reach its goals. This requires the alignment of strategic and operational objectives and the business' set of activities in order to manage performance. Because BPM seeks to aggregate available information, managers are more informed about the company's position and are able to make better decisions. Also called corporate performance management.

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