Pilot your company
By R.Ramasubramoni | 10 Jul 1999
Do you lead an organisation? Have you ever flown a plane? Not many people would say "yes" to both questions. But then the differences are not too vast. Especially if you have come across 'management cockpit'. If you have entered one (like the one in the picture above), you will know what we're talking about.
Management cockpit is a new concept implemented by Origin International, part of the Philips group of the Netherlands, and a leading IT services provider with extensive experience in SAP R/3. The system, developed by a Belgian research company, NET Research, provides an answer to complex and dynamic business needs. It helps overcome fragmentation of corporate information, which hinders effective internal communication.
'Management cockpit' is part of SAP's Strategic Enterprise Management (SEM) solutions based on its 'business information warehouse'. The cockpit is actually a room in which a manager can sit and access strategic information. He can use that information directly to take decisions that will help his organisation cope with competition.
The room consists of four walls that go by the names black, red, blue and white. These walls depict performance parameters notified as mission critical factors, in the form of suitable graphics displayed on wall-mounted screens, six on each wall.
- the black wall shows the principal success factors and financial indicators
- the red wall shows market performance
- the blue wall shows the performance of internal processes and employees; and
- the white wall shows the status of strategic projects.
A high-end PC, designated the 'flight deck', allows drilling down for detailed information. The combination of the walls and the PC helps bring out essential information that the top level management requires -- in terms of corporate structure, interrelation of various factors, identification of issues, indicators and areas, monitoring them, and a visual means of communication based on these.
The system integrates external data and non-SAP transactional data to give an overall picture of the company. Together they allow competitive analysis based on existing market conditions.
SEM takes its first step with the management cockpit. At a time when everybody is into implementing ERP, as a result of which the competitive edgd of the ERP adopters is getting blunted, management cockpit provides a new system to leverage a company's ERP system, increase the return on investment of the ERP project, and gain an advantage in the marketplace.
Latest articles
Featured articles
The remarkable Ratan Tata
By Kiron Kasbekar | 23 Oct 2024
One newspaper report of Ratan Tata’s passing away showed an old photo of him climbing into the cockpit of a Lockheed Martin F-16 fighter.
Lighter than air, yet very, very powerful
By Kiron Kasbekar | 03 Jan 2024
In March 2013 Chinese scientists pulled off a remarkable feat. They created the world’s lightest aerogel. Tipping the scales at a mere 0.16 milligrams per cubic centimeter – that’s a sixth of the weight of air!
COP28 explained: A closer look at COP28's climate change solutions
By Aniket Gupta | 27 Dec 2023
The 28th United Nations Climate Change Conference, also known as COP28, took place from 30th November 2023, to 13th December 2023, at Expo City in Dubai, United Arab Emirates.
What is a Ponzi scheme?
By Aniket Gupta | 06 Dec 2023
Ponzi schemes have long captivated the public imagination, drawing unsuspecting investors into a web of illusion and deception.
The Rise and Rise of HDFC Bank
03 Jul 2023
HDFC, which surged ahead of global majors like HSBC Holdings Plc and Citigroup Inc and left Indian peers like State Bank of India and ICICI Bank in market capitalisation, now ranks fourth largest among the world’s most valuable banks, after JPMorgan Chase & Co, Industrial and Commercial Bank of China Ltd and Bank of America Corp
India’s Millet Revolution To Enrich Global Food Basket
02 Apr 2023
Millets, a healthier and cheaper substitute to wheat and rice, are indigenous to many parts of the world, especially in the semiarid tropics of Asia and Africa, and offers a big scope for expanding production and consumption in the foodgrain deficient African continent
Market predator Hindenburg preys on Adani stock
06 Mar 2023
Almost a month after the damning report of short-seller Hindenburg Research on the Adani Group that claimed that the seven stocks within the group were about 85 per cent overvalued, one of the group's stocks, Adani Total Gas, closed at Rs835 on the BSE, down nearly 79 per cent from its 24 January level, almost close to reaching that valuation