ELI5: Explain Like I'm 5

Corporate performance management

Corporate performance management (CPM) is how a company or organization stays on top of how it is doing. It involves tracking key performance indicators (KPIs) like profits, costs, and customer satisfaction to measure how well the company is doing. The company can use the information to figure out what it needs to do to improve. This can include things like making changes in the way the company operates, hiring different people, or changing its strategies. CPM helps the company make sure it's always doing its best, so it can continue to grow and succeed!