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    Business Excellence

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    tompg
    The document discusses key concepts of business excellence including leadership, continuous improvement and innovation, customer focus, results orientation, inspiring high performance, partnership development, and impact on society. It also describes models for assessing business excellence like the EFQM Excellence Model and Malcolm Baldrige National Quality Award framework. The EFQM Model has nine criteria including leadership, policy and strategy, people, partnerships and resources, processes, customer results, people results, society results, and key performance results. The Baldrige framework evaluates organizations on seven criteria worth 1000 points total, including leadership, strategic planning, customer focus, measurement and analysis, workforce focus, process management, and business results.

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    Business Excellence

    Uploaded by

    tompg
    160 views10 pages
    The document discusses key concepts of business excellence including leadership, continuous improvement and innovation, customer focus, results orientation, inspiring high performance, partnership development, and impact on society. It also describes models for assessing business excellence like the EFQM Excellence Model and Malcolm Baldrige National Quality Award framework. The EFQM Model has nine criteria including leadership, policy and strategy, people, partnerships and resources, processes, customer results, people results, society results, and key performance results. The Baldrige framework evaluates organizations on seven criteria worth 1000 points total, including leadership, strategic planning, customer focus, measurement and analysis, workforce focus, process management, and business results.

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    The document discusses key concepts of business excellence including leadership, continuous improvement and innovation, customer focus, results orientation, inspiring high performance, partnership development, and impact on society. It also describes models for assessing business excellence like the EFQM Excellence Model and Malcolm Baldrige National Quality Award framework. The EFQM Model has nine criteria including leadership, policy and strategy, people, partnerships and resources, processes, customer results, people results, society results, and key performance results. The Baldrige framework evaluates organizations on seven criteria worth 1000 points total, including leadership, strategic planning, customer focus, measurement and analysis, workforce focus, process management, and business results.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    160 views10 pages

    Business Excellence

    Uploaded by

    tompg
    The document discusses key concepts of business excellence including leadership, continuous improvement and innovation, customer focus, results orientation, inspiring high performance, partnership development, and impact on society. It also describes models for assessing business excellence like the EFQM Excellence Model and Malcolm Baldrige National Quality Award framework. The EFQM Model has nine criteria including leadership, policy and strategy, people, partnerships and resources, processes, customer results, people results, society results, and key performance results. The Baldrige framework evaluates organizations on seven criteria worth 1000 points total, including leadership, strategic planning, customer focus, measurement and analysis, workforce focus, process management, and business results.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 10

    BUSINESS EXCELLENCE

    Fundamental Concepts of Business Excellence...

    Leadership

    Visionary and inspirational leadership, coupled with clear directions & constancy of purpose.

    18

    FUNDAMENTAL CONCEPTS

    Continuous Improvement & Innovation

    Challenging the status-quo for and effecting change by using learning to create innovation and improvement opportunities.

    Customer Focus

    Creating sustainable customer value and exceeding their expectations.

    19

    BUSINESS EXCELLENCE

    Results Orientation

    Achieving results that delight all the organization's stakeholders.

    Inspiring High Performance

    Maximizing the contribution of employees through their development and involvement.

    20

    FUNDAMENTAL CONCEPTS

    Partnership Development

    Developing and maintaining value-adding partnerships with all the stakeholders.

    Impact on Society

    Strive to understand and respond to the expectations of the society at large.

    21

    BUSINESS EXCELLENCE

    The EFQM Excellence Model was introduced at the beginning of 1992 as the framework for assessing organizations for the European Quality Award. It is now the most widely used organizational framework in Europe and has become the basis for the majority of national and regional Quality Awards. The award is the

    22

    EFQM

    Five of these are and four are The 'Enablers' criteria cover what an organization does. The 'Results' criteria cover what an organization achieves. 'Results' are caused by Enablers. 'Enablers' are improved by using the feedback from 'Results'.

    23

    BUSINESS EXCELLENCE

    Excellent results with respect to Performance, Customers, People and Society are achieved through Leadership driving Policy and Strategy, that is delivered through People, Partnerships and Processes. The model gives lot of importance to innovation and learning for sustainable advantages. It shows how the innovation and learning can impact the Enablers for maximizing the Results.

    A tool for setting for business excellence. A way to benchmark with other organizations. A guide to identify areas for improvement. A structure for the organization's management system.

    24

    BALDRIGE FRAMEWORK

    Malcolm Baldrige Quality Award & Performance Excellence Framework

    The award was established by the U.S Congress in 1987 to raise awareness of quality management and recognize U.S companies that have successfully implemented quality management. The U.S commerce departments National Institute of Standards & Technology (NIST) manages the award and the American Society for Quality (ASQ) administers it.

    25

    BUSINESS EXCELLENCE

    Baldrige Performance Excellence Framework


    Organizational Profile: Environment, Relationships and Challenges

    2 Strategic Planning 85 points

    5 Workforce Focus 85 points

    1 Leadership 120 points

    7 Results 450 points

    3 Customer & Market Focus 85 points

    6 Process Management 85 points

    4 Measurement, Analysis & Knowledge Management. 90 pts

    Award - Framework

    Malcolm Baldrige Quality Award framework symbolizes the highest standards of quality. It is a benchmark for business excellence. The award is evaluated on the basis of 1000 points and is divided in 7 main criteria as shown in the above diagram. The break-up of the points and key parameters are shown below.

    26

    BALDRIGE FRAMEWORK

    1. Leadership

    Criteria Senior executive leadership Governance & social responsibilities Total

    Points 70 50 120

    Leadership
    Key Parameters
    Vision & values. Legal & ethical behaviour. Creating sustainable organization. Communicating with entire workforce. Fiscal accountability. Accountability for managements actions. Transparency in operations. Impact on society. Supporting key communities.

    27

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