Evidence-Based Management (EBMgt) in SMEs

     

     Evidence-based management (EBMgt) establishes the difference between research and practice. It is imperative human resource partners create, change and implement organizational changes based on evidence; not speculation and experience. Many HR practitioners have consistently held the importance of reviewing past and present HR metrics of policies, procedures and practices in the workplace to determine the effectiveness of a particular organizational change. What are your thoughts and views on evidence-based management?

    Evidence-based management is the systematic use of the best available evidence to improve management practices. Under the Evidence-based theory, management science must arm the manager’s imagination and supply them with the vision needed to make rational decisions in respect to the business enterprise.  Management should not serve as a substitute for decision and judgment but should supply methods for making possible decisions that are more effective and with more informed judgment.

      As a small- medium- sized enterprise (SME) owner, a great start is the utilization of human resource metrics in your organization. The fundamental decision every enterprise must make, no matter what stage of maturation, is the allocation of its capital and resources. When analyzing choices of strategy, expansion, acquisition and new products, the decision should be evidenced by detailed financial metrics that show the high returns. More often than not, only those ventures that demonstrate the highest return are selected. The calculation is return on investment (ROI). As a SME owner-founder-manager, how are you setting, benchmarking and achieving your company’s growth?  In 5 years, where will your Company be?

All-4-HR & Business Solutions is committed to helping your organization reach its long-terms goals through effective (HRM) strategies, practices and procedures.

April D. Halliburton

All-4-HR & Business Solutions, LLC