Performance Management is a by-product of accountability and responsibility, and its root cause stem from expectations and the associated short / long term goals. Performance management requires consistent diligence and a communication feedback loop that are continually being measured and monitored. Given the dynamic nature of business, performance management involves communicating change and the requirements to support modification in ones approach and expectations to assure that performance remains continuous and fluid.

Performance Management can span across individuals, organizations and the functional requirements in between and how the blend together. An understanding of organizational integration of roles, responsibilities and performance expectations are critical in determining the performance management requirements. Because performance measurement plays such a key role in the effectiveness of performance management – it is important for a company to have the systems in place to most effectively measure result. Therefore, organizations that seek to support enhancements in performance - must create the “mindset” and surrounding “workplace culture” to assure continuity amongst employees exists.

The effects of today’s global economy have put many things into perspective. More than ever, we can sense change looming around us and how this change might impact the sustainability of an organization, its people; and the relevancy of its products, services and brands. The economy has made us all reflect upon what it means to be a strategic thinker and the role of strategic thinking in propelling innovation and initiative for organizations and industries the world over. Yet, one thing is certain: we are evolving from the knowledge economy to the wisdom economy. An economy that is not born from theory and rhetoric; but one that is reshaped from experience, trial and error and the lessons learned from missed opportunities.

Opportunity is by far and large the mother of success. Strategic thinking is no longer about how to find the opportunities – but how the opportunities find you. I call it the ability to “earn serendipity” - by learning how to think and lead like a seasoned entrepreneur that has mastered the 4-skills of seeing, sowing, growing and sharing opportunity. Strategic thinking (like earning serendipity) is both an art and science. At times we witness one who seems to be in the midst of a lucky streak. But what appears to be one opportunity, one windfall, one great experience after another is actually the natural byproduct of the 4-skills applied on a continual basis. Strategic thinking is not governed by chance alone as there are certain occurrences that cannot be fully explained or controlled. The key is how to apply and knowing when to deploying the art & science of strategic thinking as we transition into the wisdom economy.