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Bench Marking
Defination:
Benchmarking is the practice of comparing your business metrics in order to evaluate the
performance of strategies, processes, practices, designs and operations. There should be a
reference point or future vision for a firm. The following are common types of benchmarking.
Types of Benchmarking:
Competitive
Functional
Comparing your results to a firm or industry with which you don't directly compete. This is often
done to compare your results to best in class processes and practices..For example, an airline
might compare their customer service metrics to a luxury hotel as opposed to other airlines.
Internal
BRP
Defination:
“BPR is the Fundamental rethinking and Radical redesign of Business Processes to achieve
Dramatic improvements in critical measures of performance such as Cost, Quality, Service and
Speed.”
Here,
Effectiveness Vs Automation
Automation : use technology to automate the “AS IS” process to make it happen faster.
Effectiveness: To improve service and satisfy customer needs, while lowering costs.
1. The Problem is that we are governing in the 21st century with Processes and Organizations
designed in the 19th Century to work well in the 20th Century!
2. We need entirely different PROCESSES & ORGANIZATIONSfor Governance in the 21st
Century
If All processes are simple & efficient when originally designed User-friendly and
Deploying contemporary tools & techniques. Then why we need to change processes?
The 3 C’s
– Customers
– Competition
– Change
CONCLUSION:
PROCESS
What is Process?
A process is a series of actions which are carried out in order to achieve a particular result.
BP is a collection of activities that takes one or more kinds of input and creates an output that is
of value to customers
Processes Are Often Cross Functional Areas. "We cannot improve or measure the performance
of a hierarchical structure. But, we can increase output quality and customer satisfaction, as well
as reduce the cost and cycle time of a process to improve it."
Type of Process?
1. Management process —This entails the method(s) used by management in executing its
management functions. Three key functional areas used by management are planning,
organizing, and controlling.
The Process Sponsor is the person who provides direction and ensures that there is
sufficient resource available to improve process. He or She is normally at a senior level in
an organization.
The Process Owner usually sits outside the process, and is directly and personally
accountable for the end-to-end process. He or She is the final arbiter for the process and
should drive any process improvement initiatives and activities.
The Process Manager works inside the process and is responsible for discrete parts of
it. He or She ensures day-to-day production performance, directly manages process
workers and suppliers relationships and provides the process owner with metrics,
reports and improvement ideas.
The Process Worker works inside the process with responsibility for specific delivery to
agreed standards. He or She may manage small teams of less experienced workers
and provide the process manager with metrics, reports and improvement ideas.
TOPIC # 4
MEETING
What is Meeting?
Key Pointers:
Ideas, topics should be decided, there must be an agent. There needs to be an outcome
from goals, objectives and vision / mission.
When there is an unstructured meeting, so the agenda wold be weak becuase people are
not prepared (lack of data) and there will be no outcome.
Medical engineers are usually unstructured in meeting but the outcome is known is.
Saving human lives. This is very fruitful beacuase there is SOP set to tackle situation.
Whenever you go with unplanned meeting you will never be looking the solution and not
focused because you are not prerpared.
An ideal meeting should be structured ans should have all the stakeholders that is directly
or indirectly involved.
Elements of Meeting
1. Agenda:
Once the issue is indentified, so before going to outcome there is a point to consider that who
will do or who is responsilbe and also when to do that. There must be prioritize the
decisions. When is usually after the meetings.“Agenda must be smart, measurable,
specific, attainable, realistic and timely”
2. Stake holders:
Relevant stakeholders or decisions makers either direct or indirect who have affected by the
outcome and quick decision makrers should be present and active in meeting. When you start
the meeting with positiveness then it will always impact a solution.
3. Be-prepared:
4. Start with the positive notes
5. Ensure that all are talking
6. Startwith an open-ended quiestion:
If you will start themeeting with a closed ended queestions then there will be no more further
discussions.
9. Follow-up:
It is basically moinitoring the process for an effective outcome. The sales team keep the data
of previous records for followup in order to achieve future targets and future competition.