In our recent iBsing Pioneers call we delved into the topic of ‘𝐈𝐁𝐏 𝐌𝐚𝐭𝐮𝐫𝐢𝐭𝐲 𝐀𝐬𝐬𝐞𝐬𝐬𝐦𝐞𝐧𝐭𝐬.’ In three breakout groups, we brainstormed essential questions required to assess the functionality of Integrated Business Planning (IBP) and identified numerous areas that warrant investigation.
First and foremost, let’s focus on 𝐑𝐄𝐒𝐔𝐋𝐓𝐒: Are our end-to-end planning and execution processes delivering the expected financial performance and meeting the needs of our customers and organization’s purpose? The three groups dedicated 12% of questions to analysing results.
Next, let’s examine the critical 𝐇𝐀𝐑𝐃 𝐅𝐀𝐂𝐓𝐎𝐑𝐒: Are our process and system capabilities, as well as people’s competencies, effective and efficient? A share of 38% of questions revolved around hard factors.
Finally let’s check the 𝐒𝐎𝐅𝐓 𝐅𝐀𝐂𝐓𝐎𝐑𝐒: Do the functions and individuals across the organization share a common vision, and do people exhibit best-self behaviours in collaboration, accountability, and continuous learning? Remarkably, 50% of questions focused on the soft factors.
𝑻𝒓𝒂𝒅𝒊𝒕𝒊𝒐𝒏𝒂𝒍 𝑰𝑩𝑷 𝒎𝒂𝒕𝒖𝒓𝒊𝒕𝒚 𝒂𝒔𝒔𝒆𝒔𝒔𝒎𝒆𝒏𝒕𝒔 𝒑𝒓𝒆𝒅𝒐𝒎𝒊𝒏𝒂𝒏𝒕𝒍𝒚 𝒆𝒎𝒑𝒉𝒂𝒔𝒊𝒛𝒆 𝑹𝑬𝑺𝑼𝑳𝑻𝑺 𝒂𝒏𝒅 𝑯𝑨𝑹𝑫 𝑭𝑨𝑪𝑻𝑶𝑹𝑺, such as financial outcomes, processes, and technology. However, it is crucial to remember that this alone will not yield optimal IBP results.
That’s why I invite you to explore the power of 𝑰𝒏𝒕𝒆𝒈𝒓𝒂𝒕𝒆𝒅 𝑩𝒖𝒔𝒊𝒏𝒆𝒔𝒔 𝑺𝒆𝒏𝒔𝒊𝒏𝒈 (𝒊𝑩𝒔𝒊𝒏𝒈) 𝒂𝒔 𝒕𝒉𝒆 𝒖𝒍𝒕𝒊𝒎𝒂𝒕𝒆 𝒇𝒓𝒂𝒎𝒆𝒘𝒐𝒓𝒌 𝒕𝒐 𝒂𝒅𝒅𝒓𝒆𝒔𝒔 𝒕𝒉𝒆 𝒗𝒊𝒕𝒂𝒍 𝑺𝑶𝑭𝑻 𝑭𝑨𝑪𝑻𝑶𝑹𝑺 and prioritize the remaining 50% during your E2E Planning and Execution Framework transformation.
Let’s strike the perfect balance between hard and soft factors in IBP to achieve exceptional results!