The Primer on Integrated Performance Management (IPM) is brought to you by World Business Council for Sustainable Development (WBCSD) and the American Institute of CPAs (AICPA) and the Chartered Institute of Management Accountants (CIMA). This course is based on the IPM Framework. IPM is a holistic approach to corporate performance management based on the integration of multiple capitals (e.g., natural, social, intellectual) and long-term value creation into decision-making to drive strategic success. Based on research conducted by WBCSD and AICPA & CIMA, it was discovered that 70-80% of companies fail to execute their strategies.
One of the key reasons for this is the widespread lack of understanding of the strategy by employees and how their role contributes to the business’s success. This research showed that companies adopting an IPM approach can unlock significant benefits, reshaping how they manage strategy and performance to drive better outcomes. This course will help you to challenge conventional thinking around how performance is measured and managed. It aims to inspire a shift toward a more integrated focus on strategy execution and highlights how human capital, when managed effectively, drives the value of all other forms of capital.
Understand the benefits of an Integrated Performance Management (IPM) approach: Recognize why shifting to IPM is essential for long-term organizational success and sustainability in the current business environment.
Explain the core concepts and principles of IPM: Articulate the key elements of IPM and how they interconnect to improve strategic execution and performance management.
Evaluate your organization’s current performance management approach: Assess the strengths and weaknesses of your existing performance management systems, using clear benchmarks from the IPM framework.
Determine how the IPM framework applies to your organization: Analyze how the IPM framework can be customized to meet the unique needs and challenges of your organization.
Plan the first steps towards implementing IPM: Outline a clear, actionable plan for transitioning your organization to IPM, focusing on balancing short-term operational goals with long-term strategic objectives.