Management must have of one set of complete, consistent, timely, and accurate information
The proliferation of information systems and structures providing conflicting, incomplete, and inaccurate management information today must be replaced by one business information base that references all information from the basic business data entities in results, capital solutions, business descriptors, and related enterprises by time period. The business information base must contain one set of business data, human knowledge, facility records, and management intelligence integrated to support and document capital solutions utilized and results produced. All business information including emails, Internet postings and downloads, files transferred, images and other media, and off-line documents must be referenced and accessible from the appropriate business data entities.
Governments should fund improvements in financial institutions and other enterprises to provide proper management of the business
The government should require that publicly-traded corporations organize and manage the actual business to provide transparent reporting to shareholders and regulatory bodies. The government should provide programs of encouragement and assistance to financial institutions and other enterprises to organize, manage, account for, and report the actual business in capital investment expenditures, value created within revenues, full performance costs, value-added for profits, and full capital asset and liability worth.
The only solution is Result-performance Management (R-pM) to organize, manage, account for, and report the actual business
Result-performance Management (R-pM) is the only way to manage the actual business in "investments in capital as solutions of worth utilized for costs and effectiveness of performance to produce value and quality in results". The business consists of three components: - Capital solutions, including all investments in tangible and intangible assets that must be managed to be available to the business and utilized properly in business performance
- Performance of the business in the implementation and utilization of capital solutions to produce business results
- Results produced that provide the economic outputs of value required for business success
The organized business provides one structure for all planning, direction, control, accounting, reporting, and governance. The arbitrary contrived structures laid over the business in today’s 20th century management must be cleared away to prevent distortions and misinformation and enable complete and accurate business data capture.
To learn more about R-pM visit Result-performance-Management.com.
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