Monday, February 01, 2016

A business improvement process

As we gain experience in doing something, we all will learn about something called a process. A process can be thought of as a methodology or a framework to perform or build a solution or a task. Each process can be broken down to some building blocks. These building blocks when interconnected forms a process. There are many benefits for having a clear process for any problem - repeatability, scalability, & maintainability.

Now let's apply a process to business improvement in step by step fashion. As we talked earlier, the first step is to identify the building blocks. The building blocks for business improvement process are:

1. Monitor: Monitor all aspects of business with various tools.

2. Learn: Learning from all the events which are happening to your various actions.

3. Act: Act on your learning.

Here the order is important and these steps form a closed loop ( Monitor --  Learn --  Act ). Apply these steps to your business and improve the outcome.














No comments: