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

5 S Implementation Guide

  5S: The Discipline That Transformed Industries At Lean Advantage, we've seen firsthand how 5S doesn't just clean workspaces it clears mental clutter,  sharpens decision-making, and builds team confidence. This isn't just a system; it's a mindset that becomes a  force multiplier for operational excellence. Imagine walking into a factory where every tool has its place, machines hum in harmony, workers move with  ease, and not a single minute is wasted searching, shifting, or sorting. Now, contrast that with a workspace  where tools are misplaced, spills are ignored, files are buried under clutter, and morale drips as fast as  productivity.  The difference, Just five simple yet mighty steps-Sort, Set in Order, Shine, Standardize, and  Sustain.  Together, they form the legendary methodology we call 5S. Developed in post-war Japan, 5S became the secret sauce behind Toyota's meteoric rise in quality,  efficiency, and global competitiveness. ...
Post a Comment
Read more

Change the way you see yourself & you will be astonished the way now everyone sees you!

  Change the way you see yourself & you will be astonished the way now everyone sees you! Our personal & professional lives are very complex when it comes to interacting with various individual with different perspectives & objectives. And when we closely look into these various aspects of individual interactions we are made to understand that self evaluation is the key to every perceptional array.  Popularly it claims that whenever things aren't going well with someone they must look within what they are lacking or not being able to accept, adapt & change. Yes one may have to run a self check but not before you have verified & understand the following 4 tactics of people: A) Avoidance  :  People generally avoid those around them that they are intimidated with, not literally, but yet their vision, thinking & reasoning shatters their perceptions & even if they like it or not those views presented are always hard to ...
1 comment
Read more

Paradox of Profits

Paradox of Profits: Profit, one of the most prominent words in today's time, way above values & virtues, to an extent that the ones preaching on values & virtues may only get a listening ear or audience only if they have made hefty profits out of their whatsoever may be the profession. Be it a one time personal deal or an entire business the focus remains on the bottom-line and that is profits. ROI on time, resources & energy has to be higher at all times. Profits in any kind of business are different from benefits, interim or long term, and all that needs to be understood here is that strategies defined determines the profits & its growth. While benefits might be short term or interim gains while taking advantage of a given situation. Mostly benefits are mistaken as profits, whereas they are not a constant determinant of any business models & may at any point in time change into disadvantage. We will try to go with a case study For example, if a ...
Post a Comment
Read more