article directory
 
What is Business Excellence?
 
Site Menu
 
Site Search


 
HOME » Business » Business Management » What is Business Excellence?

What is Business Excellence?


Business excellence, what is it? It is surely an important factor in today’s competitive global market. Over the decades there have been a number of attempts to develop a business excellence tool which will help businesses large or small to fully understand, implement and benefit from business excellence fundamentals. Business Excellence Usually within an organisation there is usually a corporate quality head who has been nominated by a CEO or Managing Director. This individual usually is a representative of the senior management team and is often referred to as the business excellence process owner. They possibly have had experience in quality techniques such as Six Sigma, MRPII Class A (Oliver Wight) or ISO9001-2000. Total Quality Management and Business Excellence, if the business is really serious about realising its excellence objectives, should be fully committed to provide client satisfaction through a system of continuous improvement. Indeed in my organisation there has been a Business Improvement Log maintained for the past five years , where operational excellence ideas are logged, monitored and in due course (on the rationale that the concept is truly viable) implemented. In our organisation we have truly achieved, in some areas, world class operational results. This approach also helps the organisational efforts to create and sustain a working environment that is conducive towards the employee to perform at levels of excellence, whilst at the same time achieving personal satisfaction and active participation in the unequivocal success of the business. Quality Equals Success (Most of the time!) Quite simply “Quality” is a basis of achieving an improved way of working. Specialists who look to use “quality management” to improve their organisations effectiveness and awareness are essentially attempting to create a directional map to business excellence success. Performance A company can measure its true business excellence success by measuring the effectiveness of what it does against that of its competitors and endeavouring to be more efficient and delivering higher satisfaction to their customers. There are a number of ways to measure performance (in my eyes if you don't know how you are performing whether it be bad or good, you will never know if you don't measure what you are doing) the most common being an agreed set of key performance measures. These must be indicators that can have a true bearing on the success of your operations and not just measures that will make you feel good because you know you will easily achieve them. There is never any harm in setting targets that can be achieved, but in addition set some stretch goals. It is generally agreed in the market place that senior executives who are seen getting hands on and assisting their staff, actually promote better results. The Business Model Business excellence differs slightly from TQM (total quality management) as it is more of a management discipline to steer business performance and embed a continuous improvement culture. The readers of this paper who are close to business excellence models and are well versed its theories, will have heard of Baldrige. This is a world renowned excellence model which has based itself around the common features established in high performing organisations. The Baldridge model revolves around its framework of central values and ideals that are found to be common drivers of business excellence in organisations that are seen as market / industry leaders. Conclusion The fundamental starting point for your business is to know where you stand at this very point in time. Introduce some core performance indicators that are believed to be the fundamentals of your business and ones that can offer an advantage over the competition. These values need to be developed so a culture of continuous improvement can be adopted, ideas are encouraged to flow and in addition your leadership drives forward these ideas to an end result and continued business success.

Source: http://www.ArticlePros.com/author.php?Nigel Penhearow

More on Business and Business Management can be found below:

  • Know and Exploit Your Niche
  • Supply Chain Management Company
  • Features Call Centre Software!
  • Product Creation: How to Advertise Your Own Product
  • GAO Launches 13.56MHz High Frequency (HF) RFID Reader / Writer with Antenna
  • Top 10 Reasons to Open a Corporation in Panama
  • If you're in the market for electronics at discount prices, count on Clickbank
  • Acube Ddigital Products
  • Internet Marketing Principles to Start Generating Web Income
  • How to Become an Expert Marketer Overnight?
  • Internet Marketing Trends and How Can We Profit From Them?
  • Go Anywhere Without Financial Software
  • A Secret 7 Step Business System For Achieving All Round Success!
  • ! Make a difference to yourself by enjoying rich life via affiliate business model!
  • What Do You Mean By Internet Caf Software?


  • Tax Return Outsourcing is a sure shot means for success
  • ACCOUNTING
  • Quality E-Books and Softwares with Master Resale Rights
  • Do You Make These 10 Mistakes With Cost Benefit Analysis?
  • Why Use a Business Coach
  • NGO
  • Cartoons and KM
  • Knowledge management clubbed with Business
  • Choosing An Executive Search Agency
  • Business Manners Apply to Interviewers As Well As Applicants
  • Geely sets up joint ventures
  • Precautions For Software Outsourcing
  • Chinese Model Of Management
  • Effective Leadership for 21st Century Organisations
  • Janitorial Cost: How Much To Pay

  •  

    Get this article to go

    RSS | JScript | Email | HTML

     

    About the author

    Nigel Penhearow is a Business Operations Director for a major blue chip company based in the UK. He is a member of various Institutional bodies and has given various speeches in the UK and the USA on business analytics, key performance measurement and best business practice.

     
    Email options
       

    ** Check all that apply **

     

    This article has been accessed 40 times since 2007-06-27.

    _________________