Skip to main content

Business Excellence

 Business Excellence


As the term suggests, it is the principle upon which any business can be placed on a paradigm shift towards, optimized utilization of all available resources to deliver excellent results for the stakeholders.

And as the study & analysis of every aspect of the business is carried out, the quality of services driven by the refined systems in practice may lay a very strong foundation for the business to not only remain profitable but to grow & get better in competition.

Fundamentals of every business are always glaringly conveying the need of the hour. Today there are hardly few business that are having any monopoly, yet we see & experience the some businesses are still able to enjoy & maintain status like monopoly, that is lead the market share by large. 

And we may need to ask ourselves why & how?

Here we have option to study & understand what are all the right things being done by rest of the competitors in the market & we try to get even or better with the same, that is by deploying Business Excellence or we go into the process of reinventing the wheel, whereby we keep doing what we know is best for us & with time & our own experience we sustain or grow.

Avoiding reinventing the Wheel:
A) Every business or product that are on top of their competitions needs to be studied critically. 
B) Holistic SWOT (Strengths, Weakness, Opportunities & Threats) of that very market leader in the segment can help outline the basics of meeting them with their own KSPs.
C) If any brand is having multiple product portfolio, then they can even carry out SWOT on every product.
D) Again the same SWOT can be very different for every given product in different regions.
E) To begin with working on the most cost effective & quick aspects of these analysis can bring about the necessary changes in the numbers.
F) Our own KSPs, based on our own SWOT must not be ignored in trying to meet or beat the competitions.
G) Short term goals & long term objectives must remain aligned in order to sustain the change & improvements in business strategies.
H) Do's & Don'ts at the level of brainstorming & conceptualizing must be made clear, so that a structured road map can be prepared.
I) Implementation & review dates must be agreed on every targets that are concluded & being followed.
J) If need be course corrections on short term goals may have to be made & they must be taken at face value.
K) Never forget that no matter whatever selling price is set & offered, if the quality of the product or services are not excellent, business may remain as usual.

Remembering the popular saying, Everything is fair in Business & War.

Comments

Post a Comment

Popular posts from this blog

Generation Z & Modern day Arjuna, Dodging - The Ultimate Victory!

  Generation Z & Modern day Arjuna Dodging - The Ultimate Victory! The socio-economic fabric of present times & world around is becoming more dynamic in nature, whereby it makes the life more interesting while one is able to embrace the perceptional evolution, that is every another minute one must be ready to drop their understanding & perception about an aspect they had before a minute & cherish the newer version of it. Easier said than done, right? Let us try to understand what it actually looks like to have a perception based on our consciences? Those how have been raised with morality & virtues imbibed on their upbringing & may have formed basics of their thinking, reasoning & acting, may find it very normal to think & act straight, they are able to easily pick the right side without getting lured for the immediate advantages in the given situation. The past experiences of being sincere & truthful to self & everyone around may h...
2 comments
Read more

Being Nice Vs. Being Good.

  Being Nice Vs. Being Good. Being Nice is when one tries to nod with whatever is being said & done. Thereby not to offend the offenders, not to shake up their perspectives, not to showcase any alternative probabilities, not to draw their attention towards facts, not to talk them down on any subject matter that they are not willing or ready to be taught or enlightened. Being Good is when one tries to do the right thing for them without hurting or invading the rights or well being of anyone else. Being good begins with initiation of thoughts followed by actions that carry genuine intentions. Contrary to being nice that is always going to remain focused on the self image of the imposter, being good can many times appear not to be so nice, especially when one is not ready to read the intentions. While it becomes an art when one is trying to practice being good in a nicer way. Relationship advisors & management consultants do confess that mostly none of thei...
Post a Comment
Read more

Mattress Buying Guide I

  Mattress Buying Guide : With 24 hours in a day, every individual will spend at least 8 to 10 hours trying to sleep so that they can rejuvenate & recover from the physical as well as mental stress that they may have exerted upon themselves trying to achieve their daily objectives. 1/3rd OF LIFE IS SPEND IN SLEEPING, ON BED, ON A MATTRESS. Let us understand what happens when we sleep, so that importance of a genuine mattress can be realized: A) We make use of our body to carry out daily activities, professional activities by large takes about minimum 8 to 10 hours of optimization of available stemina & energies from our body. B) Apparently every organ is utilized by the body to enable us to remain effective & efficient on the job.   C) And like every other machine that we service them after specific usage hours, the human body too needs service of its parts & organs every day & that takes place when we sleep. D) It is during our sleeping...
Post a Comment
Read more