What is in this article?:
- Comparing Eastern and Western Management Styles
- Risk Attitudes
- The Cultural UAI Continuum
- Which Are You?
- Culture's Relevance to EPM
- Implications for Success
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How can we compare styles of implementing and applying enterprise performance management methodologies embedded with business analytics between East and West cultures?
First, some clarification is needed. Examples of enterprise performance management methodologies are a strategy map and its companion balanced scorecard, dashboards, customer profitability and value management reporting, and driver-based financial rolling forecasts. Next, an example of embedding business analytics is applying correlation analysis to measure the explanatory effects of influencing and influenced key performance indicators (KPIs) of a strategy map. Finally, by East versus West, I do not mean New York City or Boston versus Los Angeles or San Francisco. By East versus West, I mean our Earth's Eastern culture (Asia-Pacific) and Western culture (Europe, North and South America).