Importance and Relevance of the Executive Overview (EOV)

The Executive Overview (EOV) is a vital component of business management. It provides a practical understanding of key areas such as strategy, operations, and financial performance. By summarizing essential information, the EOV enables decision-makers to quickly grasp the core aspects of the business, facilitating informed and effective decision-making.

A more detailed version of the importance and relevance of the Executive Overview of its` key message :

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40 real life cases demonstrating deep insides in fields like finance, marketing, and entrepreneurship; focus lies on proven practice in business management, including deep operational skills covering understanding of ERP systems and Six Sigma methodologies.

→ Vision -? Mission -? Strategy -? Motivation and resulting Actions :

The Vision - as defined - creates → a message behind a Mission, the highest level goal.? The Strategy reflects the means by which we achieve this goal . The Objective - as a lower level goal - drives policies, defined as Procedures which are to be practiced at all level.? Different users are? using these terms in different ways, depending on the organisational level they operate in. To fulfill the final Mission, management? has to question permanently current Policies ( Procedures )? and Practices? ( Standards ). New Technology Implementations are changing on-going? the current Organisational? Structure (adjusting the ERP Configuration ? !); driven by the users.

Understanding the role of the vision will develop a picture of the future for a business organization; it helps in defining a mission, the core purpose and focus of the organization for the long-term as well a more precise one for short term targets. The strategy translates the vision and mission into actions, implemented through actionable plans and initiatives.?

“Management is doing things right; leadership is doing the right things,” believed renowned management coach and author Peter F. Drucker. He used the quote to demonstrate the difference between management and leadership. Often, it is believed that a good manager is always a good leader. However, that is not always true because behaviors that make a person a good manager are often not in favor of innovation. It is better to do the Right Thing not perfect than to do the Wrong Thing absolutely perfect.

Steve Jobs explained that it's actually the people who are really great at the job that make the best managers. "They're the great individual contributors who never ever want to be a manager but decide they have to be a manager because no one else is going to be able to do as good a job as that," he said.

A Big Hairy Audacious Goal ( BHAG ) is a strategic business statement similar to a vision statement which is created to focus an organization on a single medium-long term organization-wide goal, which is audacious, likely to be externally questionable, but not internally regarded as impossible.

Many businesses set goals that describe what they hope to accomplish over the coming days, months or years. These goals help align employees of the business to work together more effectively. Often these goals are very tactical, such as "achieve 10% revenue growth in the next 3 months“.

→ What you cannot measure you cannot manage effectively.

The Metric is a measurement of? properties of a process and its specification. Organisations track Results; Milestone Follow-Up.?As important as results is, measuring the Progress; are we advancing as speedily as planned, with the right Consumption ?? Are our Resources - Time, Capital and Capacity - still sufficient ?

The Process Dashboard is like the Car Dashboard;?? it shows? Time ( Milestone ), Consumption ( Capital Depletion ), Mileage ( Capacity Usage ) and has many Control Icons showing Exceptional Conditions ( Bottlenecks →? out of Flow Situations ).

An experienced expert at ERP configuration and customization needs a deep understanding of the integrated concepts which are driving the operational processes of the organisation and its business objects.? Most of the potential functionality is hidden behind its` set-up. Many cases have shown that requested functionality is available - but not activated -, misused or over-complicated caused by poor understanding of the ERP Concept.

Many BI ( Business Intelligence ) initiatives falter because the analytics capabilities that are at the core of the system aren’t even used. Users simply pull data from the warehouse and dump it in a spread-sheet. A true BI implementation includes both reporting and analytics. CIOs - Chief Information Officer - indicate a much higher success rate with BI when users embrace both.???????

• The “ Management Overview Knowledge Repository ” is a collection of slides. Most slides are Graphics using Flow-charts, pictograms, colour and explanatory text. Each slide can be considered as a stand-alone Picture, combining Raw Data to meaningful Information, making understanding easier. ?

The “ BvS Knowledge Repository ” is a core Power Point Presentation from which one can assort a custom tailored ?(bespoken) ?User Presentation.? The text is limited to the core meaning, giving the speaker enough leeway to get his personal message across.