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.
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.
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