Performance measurement by modern techniques of corporate sector companies in Pune region

Abstract

The booms of vibrant knowledge workers and IT-enabled services, all over the world, have made the corporate sector s working more complex and competitive. Today, the global corporation can be visualized as a logical thread of relationships between a multitude of moving parts-ideas, information, knowledge, capital, and physical products. This requires development of relationships, in an organization and its extended networks of collaboration, including suppliers and customers. The new age of innovation reveals that the key to creating value and the future growth of every business depends on accessing a global network of resources to co-create unique experiences with customers one at a time. This requires harnessing business processes, social and technological architecture to create an ongoing innovation advantage. This certainly demands for a high degree of leadership, which has a vibrating effect on motivational effect of the individuals. Innovation ushers-in the talent plus personality. This is a continuous journey, which requires creative imagination, a passion for value- creation, and the ability to convert concepts into detailed steps. This is the new leadership challenge: recognizing both the here and now and the future. The key message to managers is simple: Fold the future in . But no organization, know all the future steps ahead of it, when it embarks journey as the whole crux is about learning by doing , taking small steps, and consolidating gains as we go along (Prahalad etal.2008). Look at the firm as an engine that must generate profits now and at the same time renew itself to create the capacity for sustainable value-creation growth trajectory. Thus, it is dire essential that a dogged-determined dynamic leadership be practiced throughout the organization, which should emerge in business transformation.