Improve top-line growth and lower costs
‘Operational Excellence’ is a growth direction focused on achieving maximum efficiency, productivity, and quality in all operational processes of an organization.
‘Process,’ understood as the ‘how of change,’ functions as a cyclic catalyst fortifying the business value of ‘Operational Excellence.’ This dynamic facilitates the organization in dissecting, refining, and enhancing its internal mechanisms, all geared towards attaining peak efficiency, productivity, and quality. Embracing process optimization not only streamlines operations but also wields the potential to curtail wastage, dismantle bottlenecks, and truncate lead times. These refinements consequently yield diminished operational expenditures and a heightened bestowal of value upon the clientele.
Just as the choice of a specific process involves assessing its fit within the operational landscape, the adoption of an adept change management strategy—the ‘how of change’—is pivotal in ensuring a harmonious amalgamation of process enhancements and overarching objectives.
Type of change
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Profit Model. Change in the ‘Profit Model’ refers to adapting or renewing the way a company or organization earns money and generates profits. It involves reviewing and improving the strategies and processes used by the company to generate revenue and control costs, with the aim of increasing profitability.
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Process. Change in ‘Process’ refers to adjusting or enhancing the procedures, methods, and workflows that a company or organization uses to perform tasks, create products, or deliver services. It includes revising and renewing the way work is done to achieve efficiency, quality, cost savings, or other benefits.
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Engagement. Change in ‘Engagement’ refers to adjusting or improving the way a company or organization interacts and creates involvement with its target audience, customers, employees, or other stakeholders. It revolves around promoting active, positive, and meaningful interactions to build a strong connection and stimulate a sense of belonging.