{"id":9860,"date":"2022-08-22T10:14:57","date_gmt":"2022-08-22T08:14:57","guid":{"rendered":"https:\/\/parm.com\/?p=9860"},"modified":"2026-03-02T16:07:55","modified_gmt":"2026-03-02T15:07:55","slug":"how-business-intelligence-helps-with-your-corporate-strategy-2","status":"publish","type":"post","link":"https:\/\/parm.com\/en\/how-business-intelligence-helps-with-your-corporate-strategy-2\/","title":{"rendered":"How Business Intelligence helps with your corporate strategy"},"content":{"rendered":"\n<div class=\"et_pb_section_0 et_pb_section et_section_regular et_block_section\"><div class=\"et_pb_row_0 et_pb_row et_block_row\"><div class=\"et_pb_column_0 et_pb_column et_pb_column_4_4 et-last-child et_block_column et_pb_css_mix_blend_mode_passthrough\"><div class=\"et_pb_text_0 et_pb_text et_pb_bg_layout_light et_pb_module et_block_module preset--module--divi-text--default\"><div class=\"et_pb_text_inner\"><h1>This is how Business Intelligence helps with your corporate strategy<\/h1>\n<p><span style=\"font-size: large;\">Aligning the focus of all employees with clear key figures<br \/><\/span><\/p>\n<\/div><\/div><\/div><\/div><div class=\"et_pb_row_1 et_pb_row et_block_row\"><div class=\"et_pb_column_1 et_pb_column et_pb_column_4_4 et-last-child et_block_column et_pb_css_mix_blend_mode_passthrough\"><div class=\"et_pb_image_0 et_pb_image et_pb_module et_block_module\"><span class=\"et_pb_image_wrap\"><img decoding=\"async\" src=\"https:\/\/new-site.parm.com\/wp-content\/uploads\/2022\/08\/Post_Corporate_strategy.jpg\" title=\"Post_corporate_strategy\" alt=\"Business Intelligence for your corporate strategy\" \/><\/span><\/div><\/div><\/div><div class=\"et_pb_row_2 et_pb_row et_pb_equal_columns et_block_row\"><div class=\"et_pb_column_2 et_pb_column et_pb_column_4_4 et-last-child et_block_column et_pb_css_mix_blend_mode_passthrough\"><div class=\"et_pb_text_1 et_pb_text et_pb_bg_layout_light et_pb_module et_block_module preset--module--divi-text--default\"><div class=\"et_pb_text_inner\"><p>A corporate strategy is designed to set a company up for success. But even the most brilliant strategy is doomed to fail if your employees do not understand how their daily work contributes to achieving your goals. Therefore, to properly align your team's focus, the strategy should be translated into clearly understandable and measurable metrics. Business intelligence can help you define the strategy, set the right metrics and check their status.<\/p>\n<\/div><\/div><\/div><\/div><div class=\"et_pb_row_3 et_pb_row et_block_row\"><div class=\"et_pb_column_3 et_pb_column et_pb_column_4_4 et-last-child et_block_column et_pb_css_mix_blend_mode_passthrough\"><div class=\"et_pb_text_2 et_pb_text et_pb_bg_layout_light et_pb_module et_block_module preset--module--divi-text--default\"><div class=\"et_pb_text_inner\"><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_83 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/parm.com\/en\/how-business-intelligence-helps-with-your-corporate-strategy-2\/#Use_BI_to_develop_your_strategy\" >Use BI to develop your strategy<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/parm.com\/en\/how-business-intelligence-helps-with-your-corporate-strategy-2\/#Translate_strategy_into_measurable_goals\" >Translate strategy into measurable goals<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/parm.com\/en\/how-business-intelligence-helps-with-your-corporate-strategy-2\/#How_to_find_the_right_key_figures\" >How to find the right key figures<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/parm.com\/en\/how-business-intelligence-helps-with-your-corporate-strategy-2\/#Examples_of_key_performance_indicators\" >Examples of key performance indicators<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/parm.com\/en\/how-business-intelligence-helps-with-your-corporate-strategy-2\/#Monitor_the_progress_of_key_figures_with_BI\" >Monitor the progress of key figures with BI<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/parm.com\/en\/how-business-intelligence-helps-with-your-corporate-strategy-2\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Use_BI_to_develop_your_strategy\"><\/span>Use BI to develop your strategy<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>If you want to strengthen your competitive advantages with your strategy, you should first identify them. While many companies rely on gut feeling, you can also use facts to identify your strengths. If you combine market research results with historical data, for example, you can uncover trends and identify opportunities. This can help you come up with ideas for a new product, for example, or recognise that you should focus on a specific market. You can then set your business strategy accordingly.<\/p>\n<\/div><\/div><div class=\"et_pb_text_3 et_pb_text et_pb_bg_layout_light et_pb_module et_block_module preset--module--divi-text--default\"><div class=\"et_pb_text_inner\"><h2><span class=\"ez-toc-section\" id=\"Translate_strategy_into_measurable_goals\"><\/span>Translate strategy into measurable goals<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Once you have a strategy in place, the next challenge is to select the right metrics to measure its progress and break them down to individual departments or individual employees. Identifying the right metrics will determine what your business intelligence system will analyse and what it will show in dashboards. In this way, each employee should be able to see how he or she can contribute to achieving the defined goals. Therefore, you should determine which key figure should reach which target value. This target value should be challenging, but at the same time achievable, so that your employees are not demotivated by unrealistic or too low targets. To set an appropriate value, you can use historical data analysis and data forecasts from business intelligence tools.<\/p>\n<\/div><\/div><div class=\"et_pb_text_4 et_pb_text et_pb_bg_layout_light et_pb_module et_block_module preset--module--divi-text--default\"><div class=\"et_pb_text_inner\"><h2><span class=\"ez-toc-section\" id=\"How_to_find_the_right_key_figures\"><\/span>How to find the right key figures<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>There are absolute key figures, such as profit, turnover or scrap, or relative key figures that relate two values to each other, such as productivity, where you put the result of a process in relation to the effort put into it. In addition, there are also qualitative indicators that are often used in connection with sustainability topics. However, not every possible indicator makes sense and is useful for your strategy. KPI (Key Performance Indicator) is the term used to describe the main key figures you track. It is true that you can consider all the figures that you determine in relation to your company as a key figure. Ideally, however, a few selected KPIs are sufficient to show the entire business processes at a glance.<br \/>These five to ten KPIs are determined in accordance with your corporate strategy. Here, the following points are important:<\/p>\n<ul>\n<li>Is the indicator assessable, i.e. can values be defined that are either good or poor?<\/li>\n<li>Does the indicator correspond to the corporate strategy? You can determine whether a key figure makes sense for you by answering a few questions:\n<ul>\n<li>What result is desired?<\/li>\n<li>Why is it important in the context of the corporate strategy?<\/li>\n<li>How is progress measured?<\/li>\n<li>How can the result be influenced?<\/li>\n<li>Who is responsible for it?<\/li>\n<li>How is it determined whether the goal has been achieved and how is progress monitored?<br \/><em>Example turnover:<\/em><strong> <\/strong>An increased turnover alone says nothing about the actual business success. It may be that the turnover increases, but at the same time the costs increase so much that the profit is negative. Therefore, if the business success is to be measured, it makes more sense to relate the turnover and the costs to each other in order to determine the profit (turnover - costs = profit). Conversely, an increase in profit does not necessarily mean that turnover has also increased, as it could be that costs have simply decreased. So if your business strategy is geared towards market growth, profit is not a useful metric.<\/li>\n<\/ul>\n<\/li>\n<li>Is the data required for this clean? If KPIs are calculated from incomplete or incorrect data, the result will also be wrong.<\/li>\n<li>Are the KPIs clearly understandable? Everyone who uses the KPIs should understand exactly how they are calculated and what they mean. This avoids ambiguities and room for interpretation.<\/li>\n<li>How can a key figure be influenced? In order for every employee to know how they can contribute to the company's success, they should not only know the key figures, but also understand what they can do to influence them positively.<\/li>\n<li>What is done if the values do not develop as desired?<\/li>\n<\/ul>\n<\/div><\/div><div class=\"et_pb_gallery_0 et_pb_gallery et_pb_bg_layout_light et_pb_slider et_pb_gallery_fullwidth clearfix et_pb_module\" data-auto-rotate=\"off\" data-auto-rotate-speed=\"\"><div class=\"et_pb_gallery_items et_post_gallery clearfix\" data-per_page=\"4\"><div class=\"et_pb_gallery_item et_pb_gallery_item_0_0\"><div class=\"et_pb_gallery_image landscape\" data-per_page=\"4\"><a href=\"https:\/\/parm.com\/wp-content\/uploads\/2022\/08\/BSC-Dashboard-2.jpg\" title=\"BSC Dashboard 2\"><img decoding=\"async\" width=\"1681\" height=\"941\" src=\"https:\/\/parm.com\/wp-content\/uploads\/2022\/08\/BSC-Dashboard-2.jpg\" alt=\"BSC Dashboard - Actions and Measures Overview\" class=\"wp-image-9875\" srcset=\"https:\/\/parm.com\/wp-content\/uploads\/2022\/08\/BSC-Dashboard-2.jpg 1681w, https:\/\/parm.com\/wp-content\/uploads\/2022\/08\/BSC-Dashboard-2-1280x717.jpg 1280w, https:\/\/parm.com\/wp-content\/uploads\/2022\/08\/BSC-Dashboard-2-980x549.jpg 980w, https:\/\/parm.com\/wp-content\/uploads\/2022\/08\/BSC-Dashboard-2-480x269.jpg 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) and (max-width: 1280px) 1280px, (min-width: 1281px) 1681px, 100vw\" \/><span class=\"et_overlay\" data-icon=\"\" data-icon-tablet=\"\" data-icon-phone=\"\"><\/span><\/a><\/div><\/div><\/div><\/div><div class=\"et_pb_text_5 et_pb_text et_pb_bg_layout_light et_pb_module et_block_module preset--module--divi-text--default\"><div class=\"et_pb_text_inner\"><p>A Balanced Scorecard (BSC) makes your strategic goals and key figures visible in a simple way. This helps you to implement your corporate strategy and to check the current implementation status at any time.<\/p>\n<\/div><\/div><div class=\"et_pb_text_6 et_pb_text et_pb_bg_layout_light et_pb_module et_block_module preset--module--divi-text--default\"><div class=\"et_pb_text_inner\"><h2><span class=\"ez-toc-section\" id=\"Examples_of_key_performance_indicators\"><\/span>Examples of key performance indicators<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>For each business area, there are countless KPIs you can track that represent the pursuit of your business strategy in different ways. Here is an overview of some of the most important KPIs in different business areas:<\/p>\n<p><strong>1. Financial key figures<\/strong><br \/>A look at your cash flow, balance sheet and income statement will show you whether your business is financially sound. Your liquidity indicates whether you can meet the needs of your business with the cash you have and thus helps you determine whether you can finance planned business growth, for example. If you put your turnover in relation to your profit, for example, you can use the return on sales to check whether your business is growing as planned.<\/p>\n<p><strong>2. Marketing key figures<\/strong><br \/>Marketing indicators tell you whether your marketing campaigns are achieving the desired success. These include, for example, the conversion rate, which shows how well a marketing campaign is received by the target group. The customer acquisition costs, on the other hand, show you the ratio of the marketing budget spent on a new customer to the revenue generated by it.<\/p>\n<p><strong>3. Sales indicators<\/strong><br \/>The sales ratio indicates how much money you invest in sales and how high the generated turnover is in comparison. The cancellation rate shows how many orders have been cancelled, while the closing rate shows how many orders have followed up on created offers. You can also measure metrics such as the complaint rate, which shows how satisfied your customers are with your products.<\/p>\n<p><strong>4. Project management key figures<\/strong><br \/>If your projects are completed on time and within budget, these are already important indications that your project management is working very well. But if you want to see whether project management performance has improved and what the projects have contributed to the fulfilment of your business strategy, you need other key figures. Productivity, for example, shows you how effectively the resources at your disposal have worked. Return on investment (ROI), on the other hand, tells you how much a project has paid off for your company, because it lets you know how much profit your investment in the project has brought you.<\/p>\n<p><strong>5. Key figures in production<\/strong><br \/>In addition to easily ascertainable key figures such as production volume, production losses, production costs or even production time, you can also calculate, for example, plant effectiveness, which puts the factors of plant availability, performance and quality in relation to each other. Key figures such as the return rate give you an insight into the quality of your production. In addition, you can, for example, overview the unit costs over time.<\/p>\n<p><strong>6. Key figures in human resources<\/strong><br \/>These key figures provide information on how your employees contribute to the health of your company, whether you are able to retain good employees, how attractive your company is as an employer and how satisfied your employees are. The performance and productivity of your HR team can also be analysed so that you know which processes and strategies are working. Cost per hire, for example, is a simple measure of how much you have spent on recruiting and hiring a new employee. Putting your profit in relation to the number of employees gives you the net profit per employee. This value gives you an idea of how efficient and productive your employees are. You can improve this value by investing in new technologies that make work easier or by training employees, for example in time management methods such as the <a href=\"https:\/\/new-site.parm.com\/en\/project-time-management\/\" target=\"_blank\" rel=\"noopener\" title=\"Project time management - Pomodoro Technique\">Pomodoro Technique<\/a>, so that they perform better. <\/p>\n<\/div><\/div><div class=\"et_pb_text_7 et_pb_text et_pb_bg_layout_light et_pb_module et_block_module preset--module--divi-text--default\"><div class=\"et_pb_text_inner\"><h2><span class=\"ez-toc-section\" id=\"Monitor_the_progress_of_key_figures_with_BI\"><\/span>Monitor the progress of key figures with BI<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Once you have set the right metrics and goals, break them down to individual departments or employees. Think carefully about how a department can contribute to achieving your goals. If your goal is to maximise profits, for example, the production department can contribute by increasing productivity or redesigning production processes to reduce manufacturing costs. Purchasing, on the other hand, could contribute to the goal by finding cheaper suppliers for raw materials and thus increase profits, while sales could increase the closing ratio. Here, too, business intelligence can provide you with important clues to the right key figures, as with their help you can quickly see where there is still room for improvement.<br \/>To constantly monitor the progress of the achievement and thus check how far your company has progressed in the implementation of the strategy, reports and dashboards adapted to the respective goals help. In this way, you give each department the opportunity to check their individual progress at any time. BI software with flexibly customisable dashboards can help you here, showing each department, manager and employee exactly the analyses that are relevant and visually presenting the KPIs, for example, in comparison with their development over time.<\/p>\n<\/div><\/div><div class=\"et_pb_gallery_1 et_pb_gallery et_pb_bg_layout_light et_pb_slider et_pb_gallery_fullwidth clearfix et_pb_module\" data-auto-rotate=\"off\" data-auto-rotate-speed=\"\"><div class=\"et_pb_gallery_items et_post_gallery clearfix\" data-per_page=\"4\"><div class=\"et_pb_gallery_item et_pb_gallery_item_1_0\"><div class=\"et_pb_gallery_image landscape\" data-per_page=\"4\"><a href=\"https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/products-overview.jpg\" title=\"products overview\"><img decoding=\"async\" width=\"1581\" height=\"950\" src=\"https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/products-overview.jpg\" alt=\"Products overview in myPARM BIact\" class=\"wp-image-4740\" srcset=\"https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/products-overview.jpg 1581w, https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/products-overview-1280x769.jpg 1280w, https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/products-overview-980x589.jpg 980w, https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/products-overview-480x288.jpg 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) and (max-width: 1280px) 1280px, (min-width: 1281px) 1581px, 100vw\" \/><span class=\"et_overlay\" data-icon=\"\" data-icon-tablet=\"\" data-icon-phone=\"\"><\/span><\/a><\/div><\/div><div class=\"et_pb_gallery_item et_pb_gallery_item_1_1\"><div class=\"et_pb_gallery_image landscape\" data-per_page=\"4\"><a href=\"https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/products-overview-evaluation.jpg\" title=\"products overview - evaluation\"><img decoding=\"async\" width=\"1585\" height=\"950\" src=\"https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/products-overview-evaluation.jpg\" alt=\"Products overview - evaluation in myPARM BIact\" class=\"wp-image-4734\" srcset=\"https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/products-overview-evaluation.jpg 1585w, https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/products-overview-evaluation-1280x767.jpg 1280w, https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/products-overview-evaluation-980x587.jpg 980w, https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/products-overview-evaluation-480x288.jpg 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) and (max-width: 1280px) 1280px, (min-width: 1281px) 1585px, 100vw\" \/><span class=\"et_overlay\" data-icon=\"\" data-icon-tablet=\"\" data-icon-phone=\"\"><\/span><\/a><\/div><\/div><div class=\"et_pb_gallery_item et_pb_gallery_item_1_2\"><div class=\"et_pb_gallery_image landscape\" data-per_page=\"4\"><a href=\"https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/Measures-and-actions-controlling.jpg\" title=\"Measures and actions controlling\"><img decoding=\"async\" width=\"1584\" height=\"950\" src=\"https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/Measures-and-actions-controlling.jpg\" alt=\"Measures and actions controlling in myPARM BIact\" class=\"wp-image-4719\" srcset=\"https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/Measures-and-actions-controlling.jpg 1584w, https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/Measures-and-actions-controlling-1280x768.jpg 1280w, https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/Measures-and-actions-controlling-980x588.jpg 980w, https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/Measures-and-actions-controlling-480x288.jpg 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) and (max-width: 1280px) 1280px, (min-width: 1281px) 1584px, 100vw\" \/><span class=\"et_overlay\" data-icon=\"\" data-icon-tablet=\"\" data-icon-phone=\"\"><\/span><\/a><\/div><\/div><div class=\"et_pb_gallery_item et_pb_gallery_item_1_3\"><div class=\"et_pb_gallery_image landscape\" data-per_page=\"4\"><a href=\"https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/Ressourcenmanagement.jpg\" title=\"Resource management\"><img decoding=\"async\" width=\"1688\" height=\"939\" src=\"https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/Ressourcenmanagement.jpg\" alt=\"Resource management in myPARM\" class=\"wp-image-4827\" srcset=\"https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/Ressourcenmanagement.jpg 1688w, https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/Ressourcenmanagement-1280x712.jpg 1280w, https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/Ressourcenmanagement-980x545.jpg 980w, https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/Ressourcenmanagement-480x267.jpg 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) and (max-width: 1280px) 1280px, (min-width: 1281px) 1688px, 100vw\" \/><span class=\"et_overlay\" data-icon=\"\" data-icon-tablet=\"\" data-icon-phone=\"\"><\/span><\/a><\/div><\/div><div class=\"et_pb_gallery_item et_pb_gallery_item_1_4\"><div class=\"et_pb_gallery_image landscape\" data-per_page=\"4\"><a href=\"https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/Project-status-Risiken-und-Massnahmen.jpg\" title=\"Project status - Risks and measures\"><img decoding=\"async\" width=\"1580\" height=\"948\" src=\"https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/Project-status-Risiken-und-Massnahmen.jpg\" alt=\"Project status - Risks and measures in myPARM BIact\" class=\"wp-image-4781\" srcset=\"https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/Project-status-Risiken-und-Massnahmen.jpg 1580w, https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/Project-status-Risiken-und-Massnahmen-1280x768.jpg 1280w, https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/Project-status-Risiken-und-Massnahmen-980x588.jpg 980w, https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/Project-status-Risiken-und-Massnahmen-480x288.jpg 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) and (max-width: 1280px) 1280px, (min-width: 1281px) 1580px, 100vw\" \/><span class=\"et_overlay\" data-icon=\"\" data-icon-tablet=\"\" data-icon-phone=\"\"><\/span><\/a><\/div><\/div><div class=\"et_pb_gallery_item et_pb_gallery_item_1_5\"><div class=\"et_pb_gallery_image landscape\" data-per_page=\"4\"><a href=\"https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/Project-status-KPIs-MTA.jpg\" title=\"Project status - KPIs + MTA\"><img decoding=\"async\" width=\"1584\" height=\"950\" src=\"https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/Project-status-KPIs-MTA.jpg\" alt=\"Project status - KPIs + MTA in myPARM BIact\" class=\"wp-image-4778\" srcset=\"https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/Project-status-KPIs-MTA.jpg 1584w, https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/Project-status-KPIs-MTA-1280x768.jpg 1280w, https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/Project-status-KPIs-MTA-980x588.jpg 980w, https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/Project-status-KPIs-MTA-480x288.jpg 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) and (max-width: 1280px) 1280px, (min-width: 1281px) 1584px, 100vw\" \/><span class=\"et_overlay\" data-icon=\"\" data-icon-tablet=\"\" data-icon-phone=\"\"><\/span><\/a><\/div><\/div><div class=\"et_pb_gallery_item et_pb_gallery_item_1_6\"><div class=\"et_pb_gallery_image landscape\" data-per_page=\"4\"><a href=\"https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/Project-status-KPIs-Alerts.jpg\" title=\"Project status - KPIs + Alerts\"><img decoding=\"async\" width=\"1583\" height=\"949\" src=\"https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/Project-status-KPIs-Alerts.jpg\" alt=\"Project status - KPIs + Alerts in myPARM BIact\" class=\"wp-image-4775\" srcset=\"https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/Project-status-KPIs-Alerts.jpg 1583w, https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/Project-status-KPIs-Alerts-1280x767.jpg 1280w, https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/Project-status-KPIs-Alerts-980x588.jpg 980w, https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/Project-status-KPIs-Alerts-480x288.jpg 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) and (max-width: 1280px) 1280px, (min-width: 1281px) 1583px, 100vw\" \/><span class=\"et_overlay\" data-icon=\"\" data-icon-tablet=\"\" data-icon-phone=\"\"><\/span><\/a><\/div><\/div><div class=\"et_pb_gallery_item et_pb_gallery_item_1_7\"><div class=\"et_pb_gallery_image landscape\" data-per_page=\"4\"><a href=\"https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/Projects-revenue-and-costs.jpg\" title=\"Projects revenue and costs\"><img decoding=\"async\" width=\"1583\" height=\"951\" src=\"https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/Projects-revenue-and-costs.jpg\" alt=\"Projects revenue and costs in myPARM BIact\" class=\"wp-image-4743\" srcset=\"https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/Projects-revenue-and-costs.jpg 1583w, https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/Projects-revenue-and-costs-1280x769.jpg 1280w, https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/Projects-revenue-and-costs-980x589.jpg 980w, https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/Projects-revenue-and-costs-480x288.jpg 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) and (max-width: 1280px) 1280px, (min-width: 1281px) 1583px, 100vw\" \/><span class=\"et_overlay\" data-icon=\"\" data-icon-tablet=\"\" data-icon-phone=\"\"><\/span><\/a><\/div><\/div><div class=\"et_pb_gallery_item et_pb_gallery_item_1_8\"><div class=\"et_pb_gallery_image landscape\" data-per_page=\"4\"><a href=\"https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/products-overview-KPIs-per-product-and-projects.jpg\" title=\"products overview - KPIs per product and projects\"><img decoding=\"async\" width=\"1581\" height=\"951\" src=\"https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/products-overview-KPIs-per-product-and-projects.jpg\" alt=\"Products overview - KPIs per product and projects in myPARM BIact\" class=\"wp-image-4737\" srcset=\"https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/products-overview-KPIs-per-product-and-projects.jpg 1581w, https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/products-overview-KPIs-per-product-and-projects-1280x770.jpg 1280w, https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/products-overview-KPIs-per-product-and-projects-980x589.jpg 980w, https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/products-overview-KPIs-per-product-and-projects-480x289.jpg 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) and (max-width: 1280px) 1280px, (min-width: 1281px) 1581px, 100vw\" \/><span class=\"et_overlay\" data-icon=\"\" data-icon-tablet=\"\" data-icon-phone=\"\"><\/span><\/a><\/div><\/div><div class=\"et_pb_gallery_item et_pb_gallery_item_1_9\"><div class=\"et_pb_gallery_image landscape\" data-per_page=\"4\"><a href=\"https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/Productivity-Details-per-organisational-unit-and-employee.jpg\" title=\"Productivity Details per organisational unit and employee\"><img decoding=\"async\" width=\"1582\" height=\"950\" src=\"https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/Productivity-Details-per-organisational-unit-and-employee.jpg\" alt=\"Productivity Details per organisational unit and employee in myPARM BIact\" class=\"wp-image-4731\" srcset=\"https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/Productivity-Details-per-organisational-unit-and-employee.jpg 1582w, https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/Productivity-Details-per-organisational-unit-and-employee-1280x769.jpg 1280w, https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/Productivity-Details-per-organisational-unit-and-employee-980x588.jpg 980w, https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/Productivity-Details-per-organisational-unit-and-employee-480x288.jpg 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) and (max-width: 1280px) 1280px, (min-width: 1281px) 1582px, 100vw\" \/><span class=\"et_overlay\" data-icon=\"\" data-icon-tablet=\"\" data-icon-phone=\"\"><\/span><\/a><\/div><\/div><div class=\"et_pb_gallery_item et_pb_gallery_item_1_10\"><div class=\"et_pb_gallery_image landscape\" data-per_page=\"4\"><a href=\"https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/Productivity-Details-filter-applied-on-departments-overview-by-employee.jpg\" title=\"Productivity Details filter applied on departments - overview by employee\"><img decoding=\"async\" width=\"1582\" height=\"950\" src=\"https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/Productivity-Details-filter-applied-on-departments-overview-by-employee.jpg\" alt=\"Productivity Details filter applied on departments - overview by employee in myPARM BIact\" class=\"wp-image-4728\" srcset=\"https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/Productivity-Details-filter-applied-on-departments-overview-by-employee.jpg 1582w, https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/Productivity-Details-filter-applied-on-departments-overview-by-employee-1280x769.jpg 1280w, https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/Productivity-Details-filter-applied-on-departments-overview-by-employee-980x588.jpg 980w, https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/Productivity-Details-filter-applied-on-departments-overview-by-employee-480x288.jpg 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) and (max-width: 1280px) 1280px, (min-width: 1281px) 1582px, 100vw\" \/><span class=\"et_overlay\" data-icon=\"\" data-icon-tablet=\"\" data-icon-phone=\"\"><\/span><\/a><\/div><\/div><div class=\"et_pb_gallery_item et_pb_gallery_item_1_11\"><div class=\"et_pb_gallery_image landscape\" data-per_page=\"4\"><a href=\"https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/Productivity-by-department.jpg\" title=\"Productivity by department\"><img decoding=\"async\" width=\"1582\" height=\"951\" src=\"https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/Productivity-by-department.jpg\" alt=\"Productivity by department in myPARM BIact\" class=\"wp-image-4725\" srcset=\"https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/Productivity-by-department.jpg 1582w, https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/Productivity-by-department-1280x769.jpg 1280w, https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/Productivity-by-department-980x589.jpg 980w, https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/Productivity-by-department-480x289.jpg 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) and (max-width: 1280px) 1280px, (min-width: 1281px) 1582px, 100vw\" \/><span class=\"et_overlay\" data-icon=\"\" data-icon-tablet=\"\" data-icon-phone=\"\"><\/span><\/a><\/div><\/div><div class=\"et_pb_gallery_item et_pb_gallery_item_1_12\"><div class=\"et_pb_gallery_image landscape\" data-per_page=\"4\"><a href=\"https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/Overview-Revenue-Alerts-filter-applied.jpg\" title=\"Overview Revenue Alerts - filter applied\"><img decoding=\"async\" width=\"1584\" height=\"951\" src=\"https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/Overview-Revenue-Alerts-filter-applied.jpg\" alt=\"Overview of sales alerts in myPARM BIact\" class=\"wp-image-4722\" srcset=\"https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/Overview-Revenue-Alerts-filter-applied.jpg 1584w, https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/Overview-Revenue-Alerts-filter-applied-1280x768.jpg 1280w, https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/Overview-Revenue-Alerts-filter-applied-980x588.jpg 980w, https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/Overview-Revenue-Alerts-filter-applied-480x288.jpg 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) and (max-width: 1280px) 1280px, (min-width: 1281px) 1584px, 100vw\" \/><span class=\"et_overlay\" data-icon=\"\" data-icon-tablet=\"\" data-icon-phone=\"\"><\/span><\/a><\/div><\/div><div class=\"et_pb_gallery_item et_pb_gallery_item_1_13\"><div class=\"et_pb_gallery_image landscape\" data-per_page=\"4\"><a href=\"https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/Measures-and-actions-controlling-details.jpg\" title=\"Measures and actions controlling - details\"><img decoding=\"async\" width=\"1584\" height=\"950\" src=\"https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/Measures-and-actions-controlling-details.jpg\" alt=\"Measures and actions controlling - details in myPARM BIact\" class=\"wp-image-4716\" srcset=\"https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/Measures-and-actions-controlling-details.jpg 1584w, https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/Measures-and-actions-controlling-details-1280x768.jpg 1280w, https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/Measures-and-actions-controlling-details-980x588.jpg 980w, https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/Measures-and-actions-controlling-details-480x288.jpg 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) and (max-width: 1280px) 1280px, (min-width: 1281px) 1584px, 100vw\" \/><span class=\"et_overlay\" data-icon=\"\" data-icon-tablet=\"\" data-icon-phone=\"\"><\/span><\/a><\/div><\/div><div class=\"et_pb_gallery_item et_pb_gallery_item_1_14\"><div class=\"et_pb_gallery_image landscape\" data-per_page=\"4\"><a href=\"https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/CRM-Profitabiliity-vs-Revenue-lifetime-overview.jpg\" title=\"CRM - Profitabiliity vs Revenue lifetime overview\"><img decoding=\"async\" width=\"1583\" height=\"949\" src=\"https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/CRM-Profitabiliity-vs-Revenue-lifetime-overview.jpg\" alt=\"CRM - Profitabiliity vs Revenue lifetime overview in myPARM BIact\" class=\"wp-image-4713\" srcset=\"https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/CRM-Profitabiliity-vs-Revenue-lifetime-overview.jpg 1583w, https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/CRM-Profitabiliity-vs-Revenue-lifetime-overview-1280x767.jpg 1280w, https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/CRM-Profitabiliity-vs-Revenue-lifetime-overview-980x588.jpg 980w, https:\/\/parm.com\/wp-content\/uploads\/2022\/03\/CRM-Profitabiliity-vs-Revenue-lifetime-overview-480x288.jpg 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) and (max-width: 1280px) 1280px, (min-width: 1281px) 1583px, 100vw\" \/><span class=\"et_overlay\" data-icon=\"\" data-icon-tablet=\"\" data-icon-phone=\"\"><\/span><\/a><\/div><\/div><\/div><\/div><\/div><\/div><div class=\"et_pb_row_4 et_pb_row et_block_row\"><div class=\"et_pb_column_4 et_pb_column et_pb_column_4_4 et-last-child et_block_column et_pb_css_mix_blend_mode_passthrough\"><div class=\"et_pb_text_8 et_pb_text et_pb_bg_layout_light et_pb_module et_block_module preset--module--divi-text--default\"><div class=\"et_pb_text_inner\"><h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>To ensure that all employees in your company pull together, a good corporate strategy is important. With the right, individually broken down KPIs, you support the achievement of goals and can check the progress in customised dashboards of your BI tool.<br \/>So a good BI software not only helps you to set the right business strategy and translate it into measurable goals, but also brings together all the important data so that you can always keep an eye on the relevant key figures according to your needs. An integrated balanced scorecard is ideal for mapping the corporate strategy in the software as well as for checking the status later. Ideally, BI software also allows you to create and monitor measures for achieving goals in the same system. With integrated <a href=\"https:\/\/new-site.parm.com\/en\/business-intelligence\/control\/\" target=\"_blank\" rel=\"noopener\" title=\"Integrated control in myPARM BIact\">task management<\/a>, tasks can be passed to your team, allowing you to manage the actions of your business strategy. At the same time, this allows you to monitor the status of tasks, adjust actions if necessary, and communicate with your team through the system. In this way, a policy deployment method such as Hoshin Kanri can also be implemented in our system.<\/p>\n<\/div><\/div><\/div><\/div><div class=\"et_pb_row_5 et_pb_row et_block_row\"><div class=\"et_pb_column_5 et_pb_column et_pb_column_1_2 et_block_column et_pb_css_mix_blend_mode_passthrough\"><div class=\"et_pb_text_9 et_pb_text et_pb_bg_layout_light et_pb_module et_block_module preset--module--divi-text--default\"><div class=\"et_pb_text_inner\"><p>Weitere Informationen \u00fcber die Business Intelligence Software myPARM BI<span style=\"font-size: x-small;\"><sup>act<\/sup><\/span>:<\/p>\n<\/div><\/div><div class=\"et_pb_module et_pb_button_module_wrapper et_pb_button_0_wrapper preset--module--divi-button--default_wrapper\"><a class=\"et_pb_button_0 et_pb_button et_pb_bg_layout_light et_pb_module et_block_module preset--module--divi-button--default\" href=\"https:\/\/parm.com\/myparm-bi\/\" target=\"_blank\">Mehr Infos<\/a><\/div><\/div><div class=\"et_pb_column_6 et_pb_column et_pb_column_1_2 et-last-child et_block_column et_pb_css_mix_blend_mode_passthrough\"><div class=\"et_pb_text_10 et_pb_text et_pb_bg_layout_light et_pb_module et_block_module preset--module--divi-text--default\"><div class=\"et_pb_text_inner\"><p>M\u00f6chten Sie\u200b myPARM BI<span style=\"font-size: x-small;\"><sup>act<\/sup><\/span> in einer Demonstration kennenlernen? Dann vereinbaren Sie gleich einen Termin!<\/p>\n<\/div><\/div><div class=\"et_pb_module et_pb_button_module_wrapper et_pb_button_1_wrapper preset--module--divi-button--default_wrapper\"><a class=\"et_pb_button_1 et_pb_button et_pb_bg_layout_light et_pb_module et_block_module preset--module--divi-button--default\" href=\"https:\/\/calendly.com\/parmag\/myparm-biact-webdemo\" target=\"_blank\">Termin vereinbaren<\/a><\/div><\/div><\/div><div class=\"et_pb_row_6 et_pb_row et_block_row\"><div class=\"et_pb_column_7 et_pb_column et_pb_column_4_4 et-last-child et_block_column et_pb_css_mix_blend_mode_passthrough\"><div class=\"et_pb_code_0 et_pb_code et_pb_module\"><div class=\"et_pb_code_inner\"><div class=\"shariff shariff-align-left shariff-widget-align-left\" style=\"display:none\"><ul class=\"shariff-buttons theme-round orientation-horizontal buttonsize-medium\"><li class=\"shariff-button facebook shariff-nocustomcolor\" style=\"background-color:#4273c8\"><a href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?u=https%3A%2F%2Fparm.com%2Fen%2Fhow-business-intelligence-helps-with-your-corporate-strategy-2%2F\" title=\"Bei Facebook teilen\" aria-label=\"Bei Facebook teilen\" role=\"button\" rel=\"nofollow\" class=\"shariff-link\" style=\"; 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Zu diesem Zweck gestatte ich der Parm AG mein \u00d6ffnungs-, Klick- und Downloadverhalten im Newsetter zu analysieren und ein personenbezogenes Nutzerprofil von mir zu erstellen. Die <a href=\"https:\/\/new-site.parm.com\/datenschutzerklaerung\" target=\"_blank\" rel=\"noopener\">Datenschutzerkl\u00e4rung <\/a>habe ich gelesen und akzeptiere diese. 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Business intelligence can help you define the strategy, set the right metrics and check their status. Read today&#8217;s article on the Parm AG blog to find out how.<\/p>\n","protected":false},"author":1,"featured_media":9868,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[64,65,166,77,555,556],"class_list":["post-9860","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bi-en","tag-bi-en","tag-business-intelligence-en","tag-data-literacy-en","tag-data-culture","tag-strategie-en","tag-unternehmensstrategie-en"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>How Business Intelligence helps with your corporate strategy | Parm AG<\/title>\n<meta name=\"description\" content=\"Use Business Intelligence to translate your business strategy into clear metrics to align your team&#039;s focus.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/parm.com\/en\/how-business-intelligence-helps-with-your-corporate-strategy-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How Business Intelligence helps with your corporate strategy\" \/>\n<meta property=\"og:description\" content=\"Even the most brilliant business strategy is doomed to fail if your employees do not understand how their daily work contributes to achieving your goals. Therefore, to properly align your team&#039;s focus, the strategy should be translated into clearly understandable and measurable metrics. Business intelligence can help you define the strategy, set the right metrics and check their status. 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Therefore, to properly align your team&#039;s focus, the strategy should be translated into clearly understandable and measurable metrics. Business intelligence can help you define the strategy, set the right metrics and check their status. 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