Shruti Bhat PhD, MBA, Lean Six Sigma Black Belt
  • Home
  • About Shruti
  • Consulting
  • Workshops
  • Patents
  • Articles
    • Case Studies
    • Innovation Portfolio Development & Patents
    • Drugs-in-the- making
    • Culture Change & Business Transformation
    • Operational Excellence, Quality & Continuous Improvement
  • Books
  • Digital
  • Blog
  • Videos
  • Contact

Business Turnaround and Continuous Improvement Tips and Tricks Part 1 of 6

2/4/2019

0 Comments

 
Business Improvement means making the choices and adopting the tools and processes that generate the best result at the least cost.
business turnaround and continuous improvement tips and tricks part 1 of 6 by dr shruti bhat
Cost doesn’t mean only dollars and cents. Rather, cost amounts to everything that impacts all resources, including time and employee engagement. Too often business leaders focus on financial aspects of business while ignoring the effects on the other areas. Trust me, you don’t want to run or work at a business that focuses on cost-savings above all else.

The term efficient and effective business are often interchangeable, but they don’t mean the same thing. A terribly inefficient business process can still be quite effective.

Effectiveness is how often a process gets to its stated end result. For example- making one change that saves 30 minutes of employee time per month may not make significant difference to a firm with 4 to 5 employees, but would free up the equivalent of multiple additional employees if a 1000 employees firm made the same decision.

Producing high quality results in less time and at a lower expense is one of the key tenets of business competition thriving strategy design. Some of these strategies have been codified into formal management methodologies such as- Lean, Six Sigma, Kaizen, Total Quality Management (TQM) etc.

In this series of blog articles on Business Turnaround and Strategic Continuous Improvement, I shall give you snapshots and differences between various time-tested business process improvement methodologies. Further, I shall draw up some of the best practices from each methodology, so knowing the gist of how each method works, will help you narrow down and decide as to which one may work for your situation.

In my next post of this article series,  I shall discuss Six Sigma.

Although Six Sigma methodology is not very sought after these days,  yet I shall touch upon it in this blog article series, because Six Sigma tops extremely effective business improvement techniques for companies aiming breakthrough improvements …​

Related reading:

  1. Continuous Improvement for Human Resources (HR) department via Lean and Kaizen
  2. ​Decision making tool: Business Process Mapping
  3. How to develop a culture of ‘Continuous Improvement’ in an organization?
  4. Do's and Don'ts of Process Mapping.
  5. What are the limitations of Six Sigma Methodology (in Business Process Improvement)?
  6. What is Continuous Improvement and how can it help an organization?
  7. Business Turnaround and Continuous Improvement Tips and Tricks- Part 2 of 6: Six Sigma in a Nutshell
  8. Business Turnaround and Continuous Improvement Tips & Tricks Part 3 of 6- Agile in Nutshell for Improving Sales & Marketing of Products and Services
  9. Business Turnaround and Continuous Improvement Tips & Tricks Part 4 of 6- Lean Manifesto
  10. Business Turnaround and Continuous Improvement Tips & Tricks Part 5 of 6: TQM in a Nutshell
  11. Business Turnaround and Continuous Improvement Tips & Tricks Part 6 of 6 : Balanced Score Card
Follow Shruti on Twitter, Facebook, YouTube, LinkedIn
 

​Keywords and Tags:
#BusinessTurnaround #SixSigma #ContinuousImprovement  #QualityImprovement  #BusinessProcessManagement  #ServiceIndustry  #ManufacturingManagement  #BPM  #KaizenLeaderMasterclass  #TQM #Lean
0 Comments

Your comment will be posted after it is approved.


Leave a Reply.

    Shruti Bhat, global leader in business turnaround, operational excellence and continuous improvement

    New Book Released!

    top ten strategic decision-making tools for operational excellence

    Shruti's YouTube Channel ...

    Picture

    Blog Categories

    All
    3D Printing
    5S
    Agile
    Artificial Intelligence
    Automation
    Balanced Score Card
    Biotechnology
    Books
    Business Turnaround
    Case Studies
    Change Management
    Chemical Industry
    CMMI
    Continuous Improvement
    Design Thinking
    Digitalization
    Drug Delivery
    External News Links
    Food Industry
    Hall Of Fame
    Healthcare
    Hoshin Kanri
    HR Development
    Innovation
    ISO
    Just In Time
    Kaizen
    Leadership
    LEAN
    Lean Six Sigma
    Life Sciences
    Machine Learning
    Manufacturing
    Medical Devices
    Mistake Proofing
    Motivational Cards
    Nanotechnology
    Operations
    Packaging
    Patents
    Personal Products
    Process Improvement
    Product Development
    Productivity Increase
    QbD
    Quality Management
    Robotics
    Scrum
    Service Industry
    Six Sigma
    Strategy
    Supply Chain Logistics
    Telecom Industry
    TQM
    Videos
    Voice Of Customer
    Workshops

    Shruti's books...

    Picture
    shruti bhat, business process management, continuous improvement
    kaizen for pharmaceutcials, medical devices and biotech industry book by Dr Shruti Bhat
    Book on Continuous improvement tools by Dr Shruti Bhat
    kaizen for leaders, continuous process improvement tool to increase profit and organizational excellence by shruti bhat
    kaizen, shruti bhat, continuous improvement, quality, operations management
    Picture
    how to overcome challenges of creating effective teams
    how to lead a successful business transformation

    ​Micro-Learning
    ​Partner

    Picture

    Publishing Partner

    fast read books, business management books, health and wellness books, spiritual guidance books, best online book store

    Wellness
    ​Partner

    Picture
© Copyright 1992- 2022 Dr. Shruti Bhat ALL RIGHTS RESERVED.
See Terms and Conditions for details on this site usage.
SHRUTI BHAT, CONTACT
Click to connect.
Created by Macro2Micro Media