The document discusses operational excellence and strategies for achieving it. It outlines three principles of strategy: making difficult choices with limited information, starting to act even without being entirely sure, and learning and modifying plans through trial and error. It also discusses differentiating strategies and cases where companies succeeded by focusing on innovation, customer intimacy, or operational efficiency rather than copying competitors. The document provides examples of how implementing processes like six sigma, business process reengineering, and lean methodology can help companies achieve operational excellence through benefits like reduced costs, improved productivity, quality and customer satisfaction.
The document discusses operational excellence and business strategies. It recommends adopting a three pillar approach of capital effectiveness, asset productivity, and operations risk management. It promotes the use of six sigma methodologies to drive financial benefits, improve processes, and increase customer satisfaction. Finally, it proposes initiating operational excellence efforts at the company by setting up a team to identify improvement opportunities and complete projects in a phased manner over several months.
The document discusses operational excellence and outlines key principles for achieving it. It emphasizes making difficult choices based on available information, taking action even with uncertainty, and adjusting strategies through learning. It also stresses the importance of developing a differentiated strategy and cites examples where companies succeeded by focusing on new competitive dimensions rather than competing on existing terms. Overall the document provides a framework for operational excellence through strategic management, Six Sigma methodology, and setting up a measurement system to track performance and drive continuous improvement.
How to Introduce Operational Excellence in your Organisation?Tina Arora
This presentation will help you present to the management the need and benefits of introducing Operational Excellence as a department in your Organisation.
It can be modified to suit the advocacy in any industry - be it Financial services, BPO, LPO, KPO, Domestic call centres, Manufacturing, Consumer Goods, Retail, etc.
1. Six Sigma improvement efforts require contributions from Executive Leaders, Project Champions, Master Black Belts, Black Belts, and Green Belts, each with different defined roles.
2. Executive Leaders keep Six Sigma focused on business problems and strategic goals, while Project Champions translate goals to individual units.
3. Master Black Belts are technical leaders who train and support Black Belts, while Black Belts manage projects and drive teams to deliver results through the Six Sigma process. Green Belts support Black Belt teams.
The document provides an overview of Six Sigma, including its objectives, key concepts, and methodology. It discusses how Six Sigma aims to reduce variation and solve problems scientifically using DMAIC (Define, Measure, Analyze, Improve, Control). It also summarizes how Motorola pioneered the use of Six Sigma in 1987 to dramatically improve quality from 4 sigma to 6 sigma over 5 years, helping them win the Malcolm Baldrige National Quality Award.
8. Mergers and Acquisitions Toolkit - Overview and Approach.pptxKamran181656
This document provides an overview of a mergers and acquisitions toolkit created by former JP Morgan investment bankers and McKinsey and Deloitte consultants. The toolkit includes frameworks, tools, templates, tutorials and other resources to guide companies through the M&A process. It outlines a six-phase approach for mergers and acquisitions: defining an M&A strategy, identifying target companies, building a business case, conducting due diligence, executing the transaction, and integrating the merged companies. The toolkit aims to increase success rates for M&As by providing best practices and lessons learned from over 4,000 hours of work and experience with over 200,000 executives and consultants.
The document discusses operational excellence and business strategies. It recommends adopting a three pillar approach of capital effectiveness, asset productivity, and operations risk management. It promotes the use of six sigma methodologies to drive financial benefits, improve processes, and increase customer satisfaction. Finally, it proposes initiating operational excellence efforts at the company by setting up a team to identify improvement opportunities and complete projects in a phased manner over several months.
The document discusses operational excellence and outlines key principles for achieving it. It emphasizes making difficult choices based on available information, taking action even with uncertainty, and adjusting strategies through learning. It also stresses the importance of developing a differentiated strategy and cites examples where companies succeeded by focusing on new competitive dimensions rather than competing on existing terms. Overall the document provides a framework for operational excellence through strategic management, Six Sigma methodology, and setting up a measurement system to track performance and drive continuous improvement.
How to Introduce Operational Excellence in your Organisation?Tina Arora
This presentation will help you present to the management the need and benefits of introducing Operational Excellence as a department in your Organisation.
It can be modified to suit the advocacy in any industry - be it Financial services, BPO, LPO, KPO, Domestic call centres, Manufacturing, Consumer Goods, Retail, etc.
1. Six Sigma improvement efforts require contributions from Executive Leaders, Project Champions, Master Black Belts, Black Belts, and Green Belts, each with different defined roles.
2. Executive Leaders keep Six Sigma focused on business problems and strategic goals, while Project Champions translate goals to individual units.
3. Master Black Belts are technical leaders who train and support Black Belts, while Black Belts manage projects and drive teams to deliver results through the Six Sigma process. Green Belts support Black Belt teams.
The document provides an overview of Six Sigma, including its objectives, key concepts, and methodology. It discusses how Six Sigma aims to reduce variation and solve problems scientifically using DMAIC (Define, Measure, Analyze, Improve, Control). It also summarizes how Motorola pioneered the use of Six Sigma in 1987 to dramatically improve quality from 4 sigma to 6 sigma over 5 years, helping them win the Malcolm Baldrige National Quality Award.
8. Mergers and Acquisitions Toolkit - Overview and Approach.pptxKamran181656
This document provides an overview of a mergers and acquisitions toolkit created by former JP Morgan investment bankers and McKinsey and Deloitte consultants. The toolkit includes frameworks, tools, templates, tutorials and other resources to guide companies through the M&A process. It outlines a six-phase approach for mergers and acquisitions: defining an M&A strategy, identifying target companies, building a business case, conducting due diligence, executing the transaction, and integrating the merged companies. The toolkit aims to increase success rates for M&As by providing best practices and lessons learned from over 4,000 hours of work and experience with over 200,000 executives and consultants.
Scott droney - strategic planning and strategic managementScott Droney
Scott Droney is provide financial services spectrum as well as data processing and managing segments. Since most of its financial services were retail focused, the need to build scale and skill in the transaction processing domain became imperative.
Total Quality Management Project Charter for HP IndiaKaustav Lahiri
TQM is an integrated organizational approach in delighting customers (both external and internal) by meeting their expectations on a continuous basis through everyone involved with the organizational working on continuous improvement in all products/processes along with proper problem solving methodology.
Here are the key steps I would recommend for your strategic planning process:
1. Form a strategic planning committee with representatives from across departments to gather diverse perspectives.
2. Conduct an environmental scan to analyze opportunities/threats in the industry and assess the company's strengths/weaknesses.
3. Hold brainstorming sessions to generate ideas for the vision, mission, values and strategic goals. Survey all employees to get input.
4. Have the committee synthesize feedback to draft the strategic plan documents for board review.
5. Cascade the strategic objectives throughout the organization so everyone understands their role in achieving the goals.
6. Implement action plans with accountability, timeline and performance metrics assigned.
This document provides an overview of Lean Six Sigma methodology. It discusses the key concepts of Lean, Six Sigma, and their synergistic relationship. It outlines the critical elements for successful Lean Six Sigma deployment, including executive commitment and financial accountability. Key roles like Master Black Belt, Black Belt and Green Belt are defined. The DMAIC process for process improvement projects is summarized. Guidelines for selecting high-impact projects and avoiding poorly-defined projects are also provided.
The document discusses strategic objectives and strategy concepts. It defines strategic objectives as more definitive statements that accomplish an organization's mission. Strategic objectives typically have multi-year timeframes and require efforts from multiple departments. Effective strategic objectives are measurable, achievable, flexible, and stretch employees without being unrealistic. The document also defines strategy and discusses the relationship between vision, mission, and objectives. It emphasizes that strategy involves making explicit choices about customers, offerings, and activities.
The document discusses strategic management and key concepts. It begins by defining strategic management as "the art and science of formulating, implementing, and evaluating cross-functional decisions that enable an organisation to achieve its objectives." It then discusses several important questions in strategic management, including where the company currently stands, where it wants to go, and how it will get there. The document also summarizes the strategic management process and explains how a company's strategy relates to its business model.
Benchmarking is a process that involves comparing business processes and performance metrics to industry bests and best practices from other companies. The main types of benchmarking are internal, competitive, and strategic. Internal benchmarking involves comparing departments or processes within a company, competitive benchmarking involves comparing a company to its direct competitors, and strategic benchmarking involves studying highly successful companies outside a company's direct industry. Benchmarking typically follows a six step process: deciding what to benchmark, understanding current performance, planning the benchmark study, studying other companies, learning from collected data, and using findings to improve performance. The ultimate goal of benchmarking is to identify gaps and opportunities for improvement by learning from higher performing companies or departments.
This Strategy Toolkit was created by ex-McKinsey, Deloitte and BCG Strategy Consultants, after more than 3,000 hours of work. It is considered the world's best & most comprehensive Strategy Toolkit. It includes all the Frameworks, Analysis Tools & Document Templates required to excel in a Strategy position and define & implement a winning Strategy for your organization. This Slideshare presentation is only a small sample of our Toolkit. You can download the entire Toolkit at www.slidebooks.com
The document discusses policy deployment as a process for aligning strategy execution across an organization. It begins by explaining the importance of strategy and outlines the policy deployment process. This includes developing objectives at each level of the organization from corporate down to individual employee objectives. Projects are then selected and prioritized to achieve the objectives. Progress is monitored using metrics in a policy deployment matrix to ensure the strategy is executed successfully.
Strategic management involves analyzing internal strengths and weaknesses as well as external opportunities and threats to develop strategies that achieve competitive advantage and superior performance. Effective strategy implementation then requires aligning organizational structure, culture and controls behind the chosen strategies to maximize shareholder value over the long run. Strategic leadership and decision-making processes aim to formulate strategies that sustain competitive advantage despite an unpredictable environment.
The document discusses strategic management. It defines strategic management as the continuous planning, monitoring, analysis and assessment necessary for an organization to meet its goals and objectives. There are three main steps: planning, execution, and monitoring. The document outlines different classes of decisions, levels and types of strategies, and strategic models like Porter's generic strategies, BCG matrix, and Wheelen & Hunger's strategic model. It also discusses strategic management benefits like improved understanding of competitors and enhanced awareness of threats. Overall, the document provides an overview of key concepts in strategic management.
Decisions in businesses are often neither well thought out, appropriate or well executed. This pack looks at some of the aspects of making effective strategic decisions
This document discusses strategic planning and strategic thinking frameworks. It describes strategy as guiding long-term goals and objectives, and how strategic planning involves assessing the environment and deciding on a mission. Two frameworks are explained: the BCG matrix categorizes products based on market share and growth, and Porter's five forces model analyzes competitive forces in an industry. The strategic planning process involves assessing the environment, establishing a mission and goals, and developing strategies to achieve objectives.
This document provides an introduction and overview of a strategic management course. It includes 3 main points:
1. It outlines the topics that will be covered in the course, including strategic management as a process, internal and external environmental scanning, the role of strategy and performance, and evaluation mechanisms.
2. It describes the assessment components and criteria for the course, which include exams, homework, group projects, and individual thresholds.
3. It establishes guidelines and expectations around plagiarism, cheating, and reexams to ensure academic integrity.
The document provides an overview of operations management. It defines operations management as focusing on planning, scheduling, and controlling manufacturing and service operations. It discusses the production process of input, transformation, and output. It also outlines the scope of operations management, including product selection, facilities location, production planning and control, quality management, and more. Finally, it discusses operational, tactical, and strategic decision making in operations management.
How to Grasp terminologies like Strategy and operation in basic level, and demonstrate this understanding in real life , i am taking the hand for how the strategy and operation should work together for safe and sustainable business run
This document provides an overview of strategic management and the strategic planning process. It discusses establishing strategic direction through vision, mission, and identifying key performance areas. It covers developing business strategies, organizing strategy development, and gap analysis and objective setting. It then outlines the action planning process to align the organization to the strategy through communication and training. Finally, it discusses implementing the strategic plan, measuring and auditing results, and developing a continuous improvement process using the PDCA cycle.
Total Quality Management (TQM) is a comprehensive and structured approach to organizational management that seeks to improve the quality of products and services through ongoing refinements in response to continuous feedback. Six Sigma is a disciplined, data-driven approach and methodology for eliminating defects (driving toward six standard deviations between the mean and the nearest specification limit) in any process – from manufacturing to transactional and from product to service.
This document provides an overview of strategic management. It discusses the comprehensive strategic management model, which involves external and internal audits to develop long-term objectives and strategies. The key stages are strategy formulation, implementation, and evaluation. Strategic management aims to integrate different business functions to achieve organizational success. It can provide benefits such as identifying opportunities and improving coordination. The document also discusses factors like business ethics, global competition, and the advantages and disadvantages of international operations.
Scott droney - strategic planning and strategic managementScott Droney
Scott Droney is provide financial services spectrum as well as data processing and managing segments. Since most of its financial services were retail focused, the need to build scale and skill in the transaction processing domain became imperative.
Total Quality Management Project Charter for HP IndiaKaustav Lahiri
TQM is an integrated organizational approach in delighting customers (both external and internal) by meeting their expectations on a continuous basis through everyone involved with the organizational working on continuous improvement in all products/processes along with proper problem solving methodology.
Here are the key steps I would recommend for your strategic planning process:
1. Form a strategic planning committee with representatives from across departments to gather diverse perspectives.
2. Conduct an environmental scan to analyze opportunities/threats in the industry and assess the company's strengths/weaknesses.
3. Hold brainstorming sessions to generate ideas for the vision, mission, values and strategic goals. Survey all employees to get input.
4. Have the committee synthesize feedback to draft the strategic plan documents for board review.
5. Cascade the strategic objectives throughout the organization so everyone understands their role in achieving the goals.
6. Implement action plans with accountability, timeline and performance metrics assigned.
This document provides an overview of Lean Six Sigma methodology. It discusses the key concepts of Lean, Six Sigma, and their synergistic relationship. It outlines the critical elements for successful Lean Six Sigma deployment, including executive commitment and financial accountability. Key roles like Master Black Belt, Black Belt and Green Belt are defined. The DMAIC process for process improvement projects is summarized. Guidelines for selecting high-impact projects and avoiding poorly-defined projects are also provided.
The document discusses strategic objectives and strategy concepts. It defines strategic objectives as more definitive statements that accomplish an organization's mission. Strategic objectives typically have multi-year timeframes and require efforts from multiple departments. Effective strategic objectives are measurable, achievable, flexible, and stretch employees without being unrealistic. The document also defines strategy and discusses the relationship between vision, mission, and objectives. It emphasizes that strategy involves making explicit choices about customers, offerings, and activities.
The document discusses strategic management and key concepts. It begins by defining strategic management as "the art and science of formulating, implementing, and evaluating cross-functional decisions that enable an organisation to achieve its objectives." It then discusses several important questions in strategic management, including where the company currently stands, where it wants to go, and how it will get there. The document also summarizes the strategic management process and explains how a company's strategy relates to its business model.
Benchmarking is a process that involves comparing business processes and performance metrics to industry bests and best practices from other companies. The main types of benchmarking are internal, competitive, and strategic. Internal benchmarking involves comparing departments or processes within a company, competitive benchmarking involves comparing a company to its direct competitors, and strategic benchmarking involves studying highly successful companies outside a company's direct industry. Benchmarking typically follows a six step process: deciding what to benchmark, understanding current performance, planning the benchmark study, studying other companies, learning from collected data, and using findings to improve performance. The ultimate goal of benchmarking is to identify gaps and opportunities for improvement by learning from higher performing companies or departments.
This Strategy Toolkit was created by ex-McKinsey, Deloitte and BCG Strategy Consultants, after more than 3,000 hours of work. It is considered the world's best & most comprehensive Strategy Toolkit. It includes all the Frameworks, Analysis Tools & Document Templates required to excel in a Strategy position and define & implement a winning Strategy for your organization. This Slideshare presentation is only a small sample of our Toolkit. You can download the entire Toolkit at www.slidebooks.com
The document discusses policy deployment as a process for aligning strategy execution across an organization. It begins by explaining the importance of strategy and outlines the policy deployment process. This includes developing objectives at each level of the organization from corporate down to individual employee objectives. Projects are then selected and prioritized to achieve the objectives. Progress is monitored using metrics in a policy deployment matrix to ensure the strategy is executed successfully.
Strategic management involves analyzing internal strengths and weaknesses as well as external opportunities and threats to develop strategies that achieve competitive advantage and superior performance. Effective strategy implementation then requires aligning organizational structure, culture and controls behind the chosen strategies to maximize shareholder value over the long run. Strategic leadership and decision-making processes aim to formulate strategies that sustain competitive advantage despite an unpredictable environment.
The document discusses strategic management. It defines strategic management as the continuous planning, monitoring, analysis and assessment necessary for an organization to meet its goals and objectives. There are three main steps: planning, execution, and monitoring. The document outlines different classes of decisions, levels and types of strategies, and strategic models like Porter's generic strategies, BCG matrix, and Wheelen & Hunger's strategic model. It also discusses strategic management benefits like improved understanding of competitors and enhanced awareness of threats. Overall, the document provides an overview of key concepts in strategic management.
Decisions in businesses are often neither well thought out, appropriate or well executed. This pack looks at some of the aspects of making effective strategic decisions
This document discusses strategic planning and strategic thinking frameworks. It describes strategy as guiding long-term goals and objectives, and how strategic planning involves assessing the environment and deciding on a mission. Two frameworks are explained: the BCG matrix categorizes products based on market share and growth, and Porter's five forces model analyzes competitive forces in an industry. The strategic planning process involves assessing the environment, establishing a mission and goals, and developing strategies to achieve objectives.
This document provides an introduction and overview of a strategic management course. It includes 3 main points:
1. It outlines the topics that will be covered in the course, including strategic management as a process, internal and external environmental scanning, the role of strategy and performance, and evaluation mechanisms.
2. It describes the assessment components and criteria for the course, which include exams, homework, group projects, and individual thresholds.
3. It establishes guidelines and expectations around plagiarism, cheating, and reexams to ensure academic integrity.
The document provides an overview of operations management. It defines operations management as focusing on planning, scheduling, and controlling manufacturing and service operations. It discusses the production process of input, transformation, and output. It also outlines the scope of operations management, including product selection, facilities location, production planning and control, quality management, and more. Finally, it discusses operational, tactical, and strategic decision making in operations management.
How to Grasp terminologies like Strategy and operation in basic level, and demonstrate this understanding in real life , i am taking the hand for how the strategy and operation should work together for safe and sustainable business run
This document provides an overview of strategic management and the strategic planning process. It discusses establishing strategic direction through vision, mission, and identifying key performance areas. It covers developing business strategies, organizing strategy development, and gap analysis and objective setting. It then outlines the action planning process to align the organization to the strategy through communication and training. Finally, it discusses implementing the strategic plan, measuring and auditing results, and developing a continuous improvement process using the PDCA cycle.
Total Quality Management (TQM) is a comprehensive and structured approach to organizational management that seeks to improve the quality of products and services through ongoing refinements in response to continuous feedback. Six Sigma is a disciplined, data-driven approach and methodology for eliminating defects (driving toward six standard deviations between the mean and the nearest specification limit) in any process – from manufacturing to transactional and from product to service.
This document provides an overview of strategic management. It discusses the comprehensive strategic management model, which involves external and internal audits to develop long-term objectives and strategies. The key stages are strategy formulation, implementation, and evaluation. Strategic management aims to integrate different business functions to achieve organizational success. It can provide benefits such as identifying opportunities and improving coordination. The document also discusses factors like business ethics, global competition, and the advantages and disadvantages of international operations.
International Conference on NLP, Artificial Intelligence, Machine Learning an...gerogepatton
International Conference on NLP, Artificial Intelligence, Machine Learning and Applications (NLAIM 2024) offers a premier global platform for exchanging insights and findings in the theory, methodology, and applications of NLP, Artificial Intelligence, Machine Learning, and their applications. The conference seeks substantial contributions across all key domains of NLP, Artificial Intelligence, Machine Learning, and their practical applications, aiming to foster both theoretical advancements and real-world implementations. With a focus on facilitating collaboration between researchers and practitioners from academia and industry, the conference serves as a nexus for sharing the latest developments in the field.
6th International Conference on Machine Learning & Applications (CMLA 2024)ClaraZara1
6th International Conference on Machine Learning & Applications (CMLA 2024) will provide an excellent international forum for sharing knowledge and results in theory, methodology and applications of on Machine Learning & Applications.
Using recycled concrete aggregates (RCA) for pavements is crucial to achieving sustainability. Implementing RCA for new pavement can minimize carbon footprint, conserve natural resources, reduce harmful emissions, and lower life cycle costs. Compared to natural aggregate (NA), RCA pavement has fewer comprehensive studies and sustainability assessments.
Understanding Inductive Bias in Machine LearningSUTEJAS
This presentation explores the concept of inductive bias in machine learning. It explains how algorithms come with built-in assumptions and preferences that guide the learning process. You'll learn about the different types of inductive bias and how they can impact the performance and generalizability of machine learning models.
The presentation also covers the positive and negative aspects of inductive bias, along with strategies for mitigating potential drawbacks. We'll explore examples of how bias manifests in algorithms like neural networks and decision trees.
By understanding inductive bias, you can gain valuable insights into how machine learning models work and make informed decisions when building and deploying them.
Embedded machine learning-based road conditions and driving behavior monitoringIJECEIAES
Car accident rates have increased in recent years, resulting in losses in human lives, properties, and other financial costs. An embedded machine learning-based system is developed to address this critical issue. The system can monitor road conditions, detect driving patterns, and identify aggressive driving behaviors. The system is based on neural networks trained on a comprehensive dataset of driving events, driving styles, and road conditions. The system effectively detects potential risks and helps mitigate the frequency and impact of accidents. The primary goal is to ensure the safety of drivers and vehicles. Collecting data involved gathering information on three key road events: normal street and normal drive, speed bumps, circular yellow speed bumps, and three aggressive driving actions: sudden start, sudden stop, and sudden entry. The gathered data is processed and analyzed using a machine learning system designed for limited power and memory devices. The developed system resulted in 91.9% accuracy, 93.6% precision, and 92% recall. The achieved inference time on an Arduino Nano 33 BLE Sense with a 32-bit CPU running at 64 MHz is 34 ms and requires 2.6 kB peak RAM and 139.9 kB program flash memory, making it suitable for resource-constrained embedded systems.
ACEP Magazine edition 4th launched on 05.06.2024Rahul
This document provides information about the third edition of the magazine "Sthapatya" published by the Association of Civil Engineers (Practicing) Aurangabad. It includes messages from current and past presidents of ACEP, memories and photos from past ACEP events, information on life time achievement awards given by ACEP, and a technical article on concrete maintenance, repairs and strengthening. The document highlights activities of ACEP and provides a technical educational article for members.
Literature Review Basics and Understanding Reference Management.pptxDr Ramhari Poudyal
Three-day training on academic research focuses on analytical tools at United Technical College, supported by the University Grant Commission, Nepal. 24-26 May 2024
KuberTENes Birthday Bash Guadalajara - K8sGPT first impressionsVictor Morales
K8sGPT is a tool that analyzes and diagnoses Kubernetes clusters. This presentation was used to share the requirements and dependencies to deploy K8sGPT in a local environment.
2. Executive Summary
• In our turbulent and uncertain times it is tempting for companies to wonder
whether they do actually require a strategy. They do.
Principles of strategy:
• The First Principle: The need to make difficult choices based on what information you
have at the time. You take stock, gather information based on that, and then take
action. The worst thing is to stay still
• The Second Principle: The need to stop analyzing and start doing, even if you are not
entirely sure that what you are doing is going to turn out to be the right thing
• The Third Principle: The need to learn as you go along and modify your strategy
through trial and error
2
“Strategy is all about making difficult choices in the face of uncertainty and then learning as
you go along and adjusting your original choices”.
3. The search for difference !
If strategy is necessary, the next question is how to come up with a differentiated
strategy ?
• In our industry competing companies have common client, same suppliers, the
contracts are also structured in much the same way, receive their information from the
same sources, use similar ways of delighting clients, offer similar services. And yet !
Some pursue genuinely different strategies
• Indeed this is what differentiates the innovators from other companies
• Playing two games: The question is, How can a company play two games
simultaneously? Harvard Business School’s Michael Porter suggests that doing this is
so difficult that most companies that attempt it will fail it. His colleague Clay Christensen
suggests that a company can play two games at the same time, but that the new game
needs to be separate from the main business.
3
“Challenging the status quo has to be the starting point for anything that goes under the label
of strategy.” - Gary Hamel
4. Cases in Point
• Look at what happened to Gillette back in the 1970s when it came under attack by
Bic. The strategy adopted by Bic was certainly different from Gillette. But
Gillette didn’t respond by adopting the Bic strategy. Instead, it invested $1 billion
in its existing strategy to develop a superior product – the Mach 3 – which was
then used to destroy Bic and the disposable razor threat. Who buys disposable
razors now?
• Consider also the case of Swatch. In the 1970s the Swiss watchmakers competed
on the basis of their craftsmanship. Then Japanese companies (like Seiko)
attacked by offering better prices, the latest technology, more features.
Everybody thought that this was the end of Swiss watch industry. Instead,
Swatch hit back at the Japanese. But rather than trying to compete with them on
their terms (that is, price and features), Swatch introduced a new competitive
dimension – Style and Design – as the basis for competition and the rest is
history !
4
“The demands for new knowledge and skills will be constant, no longer a value added
element, but the essential factor in determining organizational survival.” - Meg Wheatley
5. Business and Operational
Excellence
• Leadership Triangle
► To be recognized as a Market Leader, you will want to be known for innovation, customer intimacy , or
operational efficiency. These form the legs of a triangle. It is recommend that to create a recognizable brand,
you will want to maximize one of these three and optimize the other two
5
T
E
C
H
PROCESS
P
E
O
P
L
E
OPERATIONAL EFFICIENCY
C
U
S
T
O
M
E
R
S
A
T
I
S
F
A
C
T
I
O
N
I
N
N
O
V
A
T
I
O
N
6. What is B&OE ?
Business and Operational Excellence is an integrated management system that drives
business productivity by applying proven practices and procedures in three “foundation
blocks” :
• Capital Effectiveness: Involves Process Re-engineering, Project Process
Methodology, Project Management Training, Quality assurance, Technical and
methodology training, Business Planning, Project Implementation, Start up and Initial
Operations, Value-engineering Practices, Vendor effectiveness.
• Asset Productivity: Involves Business Level Analysis, Implementation Planning,
Sustaining/Control Plan, Maintenance and Reliability Systems, Capacity utilization,
Resources Optimization, Product and Process Quality assessment and review
• Operations Risk and Change Management : Involves Process Safety Management,
environmental, distribution and occupational health, adherence to regulatory
requirements while implementing changes, slowly and steadily implementing change,
managing change sensitively within an organisation,
6
7. Why Operational Excellence?
7
“However numerous your projects, the company won’t succeed unless each of them is
treated with concentrated care.” - Robert Heller
An integrated B&OE management system can be applied to existing and new
companies and any organization which plans for expansion, mergers and
acquisitions
Operational Excellence can help give our organization these advantages:
Strategic clarity about our mission, objectives, and organizational expectations;
A culture of operational excellence;
Best practices in process architecture;
A well-orchestrated improvement journey and;
Superior organizational alignment and execution
8. Six Sigma – Your Resource for
Strategic Management
• Six Sigma is a fact-based, data-driven philosophy of improvement that values
defect prevention over defect detection
• By using Six Sigma Methodologies – DMAIC (Define-Measure-Analyze-Improve
and Control), DMADV (Define-Measure-Analyze-Design and Verify), and Lean we
can ensure the following qualitative and quantitative benefits for the organization
in terms of:
► Major Financial benefits for the organization
► Defect reduction
► Productivity enhancement
► Yield improvement
► Higher net income
► Continual improvement
► Improved Customer Satisfaction
8
“The customer isn’t king anymore. The customer is dictator.” - Fran Lebowitz
9. Some Examples of successful implementation
of 6 Sigma
• Reputed companies Motorola, Allied Signal, General Electric, 3M/ Philips, Sony,
Samsung, LG, Bharti, American Express, Citigroup, ONGC, Toshiba, NTPC and
many other stronger companies believed in the Six Sigma Philosophy and proven
results
• Motorola adopted Six Sigma in 1987 – The company saved $16 billion in 10 years
• The May 3, 2004 Business Week reported Xerox’s savings from using Lean Six
Sigma by $240,000 through reduction in loss of toner during production. Also
Xerox helped Bank of America save $800,000 by consolidating document centres
• Toyota worked with one supplier to reduce lead time by 46%, work-in-process
inventory by 83%, finished goods inventory by 91%, overtime by 50%. All this
increased productivity with 83%.
9
10. Connecting the dots … Six Sigma and
Operational Excellence ……
10
Investment or Cost?
• Our focus will be on delivering services to help the organization by:
1. Maintaining focus on return on investment (ROI) and productivity while reducing costs
2. Get greater re-use from technology investments to increase operational effectiveness
3. Align operating model to support growth
• Connect the Dots
We can help the organization incorporate strategy throughout the enterprise with global
cost, process and technology decisions that can:
Deliver measurable improvements — Our solution links operations to strategy, and
establishes performance metrics to help us stay on track with goals
Add capability and flexibility to our operating model — We can help improve quality
and identify potential savings while still promoting growth and innovation
Build effective support organizations — We focus on organizational and service
delivery model changes that drive results, with emphasis on Marketing, Finance,
Human Resources, Process Management, Global Resource Allocation and Information
Technology
11. How will we measure our success ?
11
“ Watch the costs and the profits will take care of themselves.” - Andrew Carnegie
Leadership is the largest single factor for success in B&OE
Leaders are accountable not only for achieving results, but achieving them in the
right way by behaving in accordance with our values
Leaders direct the Management to drive improvement displayed by OE results
The Measurement System Process will consist of the following five steps:
1. Vision and Objectives - Developing an OE vision, world-class objectives, metrics
and targets based on corporate objectives, benchmarking data and other applicable
critical business drivers
2. Assessment - Completing a comprehensive evaluation to identify priority areas in
OE processes and performance against established objectives
3. Planning - Developing one-year plan to manage priorities and incorporating those
plans into business plans and assigning accountabilities
4. Implementation - Implementing planned actions and monitoring plan progress and
OE performance
5. Review – Monthly / Quarterly evaluating progress on performance and identifying
necessary adjustments to plans that result in the goal of achieving world-class
results
12. How do we initiate this ?
• Value – stream mapping to be done for existing processes to
identify areas of opportunity
• Analysis of the same will help the team with a SMART goal
statement and a project charter will be submitted to the Champion
(preferably a person in the top managerial position)
• The timelines of the project completion will be mentioned in the
project charter.
• A monthly report on the progress of the project will be issued to
the stakeholders
12
13. How do we initiate this?.... contd
• Specific Points for AFCONS to Implement
• Creating Leaders capable of not only of getting the product to the
customer, but also of recognizing problems before they happen
and fixing them on their own.
• Create an environment where all the Engineers are cost
conscious, should compulsorily prepare a Cost Benefit analysis
for the activities they execute and improve for a repetitive type of
job.
• Subcontract management to be improved.
• The phase wise mobilization to be well planned for optimum
utilization of resources.
• Execution team and CPE should plan and maintain a strong co-
ordination for the deployment of right machinery and operator for
the right job.
13
14. How do we initiate this?.... contd
• Specific Points for AFCONS to Implement
• Minimum 85% of utilization of Major Plant and Major Equipments
to be ensured at every site. External Hire equipments utilization to
be closely monitored.
14
15. How do we initiate this?.... contd
• At Jammu Udhampur Road Project the process of Operation
Excellence/ Lean Construction has been initiated in the following
manner.
– Section wise Leaders have been identified, responsible for completion of their
section before COD.
– Exhaustive detailing of all balance activities including minor finishing works
have been prepared.
– Based on the above detailing the responsibility matrix up to supervisor level
has been completed.
– Brainstorming sessions and daily monitoring is being done to identify and
arrest problems, if any .
15
16. Benefits of OE
• All the operational benefits we normally associate with continuous
improvement – enhanced on-time delivery, inventory turns, lead time,
performance to budget and quality – dramatically improve once we
achieve Operational Excellence. However, the true impact of Operational
Excellence on an organization is much deeper and far more profound.
• Once an operation has achieved Operational Excellence, it will require
very little (if any) management intervention. The employees who work
directly in the flow will be capable of not only of getting the product to the
customer, but also of recognizing problems with the flow before they
happen and fixing them on their own using pre-established standard
work.
16
17. Benefits of OE
• In an environment like this, when an organization’s managers and leaders
are not chasing parts and people, putting out fires and going to meetings,
how will they spend their time? They will be working for growing the
business: meeting with new customers, interfacing with existing clients,
developing new products, and breaking into emerging markets. By
extension, we can also reapply the time, capital, and personnel once
allocated to operations to other areas of the business.
• With Operational Excellence, we move from an environment where
operations simply produces the product to one in which the operational
side of the organization becomes capable of contributing to the overall
growth of the business. And that’s the true power and benefit of
Operational Excellence, because we can’t grow the business if we don’t
have the time we need to do it.
• All the other benefits we’ve come to expect from a journey of continuous
improvement will be realized once we achieve Operational Excellence. But
its true benefit is not so much what it will do for the operation, but what it
will enable the operation to do for the rest of the business
17
“Difficulties, opposition, criticism – these things are meant to be overcome, and there is a
special joy in facing them and coming out on the top.” - Vijaya Lakshmi Pandit
18. 18
“A company surrenders tomorrow’s businesses when it gets better without
getting different.” - Peter F. Drucker
Thank you