Hyperion (NASDAQ:HYSL)
Historical Stock Chart
From Jun 2019 to Jun 2024
Hyperion (Nasdaq Global Select: HYSL), the global leader in Business
Performance Management (BPM) software, today announced it is working
with Cranfield University’s School of
Management on a major update to a 2004 academic study –
the first to gauge the maturity and uptake of performance management in
the United States by broadly canvassing enterprises.
The new study, sponsored by Hyperion, will extend the original report’s
reach to include publicly traded companies in the United Kingdom, Japan,
and China. The Ohio State University’s Fisher
College of Business, Peking University’s
Guanghua School of Management, and Waseda University’s
Graduate School of Accountancy in Japan also are lending their expertise
to this latest effort. Each school also plans to publish its own reports
based on the survey results.
Hyperion, whose market-leading BPM and business intelligence (BI)
software is used by more than 12,000 enterprises worldwide, also
sponsored the 2004 study. Titled “Business
Performance Management: Current State of the Art,”
the original study surveyed executives at 780 of the 5,000 largest U.S.
organizations about BPM usage levels, reasons for implementing BPM
solutions, perspectives and processes being measured, and applications
in use. The study also reported on common practices and analyzed how
organizations use BPM to extract value.
The updated study, which will be published in the second half of 2007,
is measuring similar aspects of BPM uptake across a broader geographical
and cultural spectrum. This will allow a statistical comparison of BPM
practices between countries. And with the U.S. findings from the 2004
report serving as a benchmark, researchers also hope to begin
pinpointing adoption and usage trends over time among American
organizations.
“As more organizations implement BPM solutions
and methodologies, the need to benchmark the adoption of performance
management intensifies,” said Bernard Marr,
research fellow at Cranfield School of Management’s
Centre for Performance Management and global co-coordinator of the new
research. “Building on the important 2004
study, this latest research will help us to consistently identify how
corporations across the globe measure performance. And once more, we’re
pleased to collaborate with Hyperion and the other three business
schools to further our understanding of the field of strategic
performance management.”
Leading business schools contribute to study
While Cranfield University’s Centre for
Performance Management is driving the overall research effort and
administering the distribution of surveys to the 1,000 largest UK
enterprises, three leading business schools are contributing their own
academic research efforts by distributing surveys and analyzing the
results gathered in their respective countries.
In the United States, the Center for Business Performance Management
(CBPM) at Ohio State University’s Fisher
College of Business is distributing more than 3,000 surveys to
American organizations. CBPM researchers plan to work with other
departments within the college to enhance its analytic study of the
survey results, and potentially publish separate papers based on those
efforts.
In China, the BPM Research Institute at Peking University’s
Guanghua School of Management is collecting data from a potential pool
of approximately 200 of the country’s
largest companies. The research will provide insights into BPM
adoption in one of the world’s fastest
growing economies.
In Japan, the top 580 enterprises have received surveys distributed by
Waseda University’s Graduate School of
Accountancy in Tokyo. Faculty and students at Waseda University, one
of Japan’s top private universities, will
collate and analyze the survey data, with the intent of publishing a
report on BPM adoption in Japan, in addition to contributing to the
global study.
“We believe that the BPM survey plays a
critical role in our long established effort to make the Fisher College
experience relevant to its major stakeholders –
students, research scholars and the business community,”
said Louis Straney, executive director of Ohio State’s
Fisher College of Business Center for Business Performance Management. “From
the outset, the vision of our center was focused on three
components: curricula development, faculty research sponsorship and
serving as a thought leadership business forum. The survey will provide
a valuable resource as we design new management courses, conduct
scholarly studies and interact with our off campus affiliates. In
sharing the results with our students, faculty and affiliates, the
stakeholders will benefit from real time data that can be immediately
incorporated into effective strategies – and
in a fast-paced and competitive business environment, this is essential
to survival.”
“Hyperion was proud to sponsor the 2004
Cranfield University study, and we are delighted once again to work with
Cranfield and these other great institutions to expand the scope of the
original report,” said Nigel Youell, senior
manager of Global Programs for Hyperion. “This
research will render unique insights into why and how the largest
corporations in four of the world’s largest
economies measure their business performance. Organizations of all kinds
are certain to benefit from this important work.”
About Hyperion
Hyperion Solutions
Corporation (Nasdaq Global Select: HYSL) is the global leader in Business
Performance Management software. More than 12,000 customers in 90
countries rely on Hyperion both for insight into current business
performance and to drive performance improvement. With Hyperion
software, businesses collect, analyze and share data across the
organization, linking strategies to plans and monitoring execution
against goals. Hyperion integrates financial
management applications with a business
intelligence platform into a single management
system for the global enterprise. For more information, contact
us at http://www.hyperion.com/company/contact/salesrep.cfm?CMP=PR_US.
“Hyperion”
and Hyperion’s product names are trademarks
of Hyperion. References to other companies and their products use
trademarks owned by the respective companies and are for reference
purpose only.