Tag Archives: Operational excellence
Posted on February 21, 2014 by FMI CorporationGreat Operations: Bridging the Silos By Jim Schug Done correctly, effective business leaders know that sustainable operational excellence can create a lower bid and still allow room for a higher profit margin. Market advantage seldom is gained by one or two well-implemented ideas. Rather, an organization that can rapidly adapt and implement multiple new ideas will create conditions for success. No longer is it one technique or approach that gives a company an edge over its competition, but rather advantage is gained by companies testing new practices and constantly evolving. In order to create this type of advantage, companies must be great at implementing ideas rapidly. From our work with clients through the recession, there are five steps required to achieve operational excellence.