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Editor's Note: Take a look at our featured best practice, Kaizen (254-slide PowerPoint presentation). [NOTE: Our Kaizen presentation has been trusted by an array of prestigious organizations, including industry leaders such as Apple, Bayer, University of Michigan, General Motors, Cummins, Baxter, Johnson Controls, Ulta, Daimler Truck, Aramark, Parsons Corporation, to name just a few.] Explore [read more]
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Management processes–everything from how a company manages risk to how it gets supplies for factories to how it manages and
develops people–are some of the primary ways that global companies impose order and consistency on a diverse set of global operations. Companies believe that processes can help share knowledge across divisions and regions to achieve operational excellence. Likewise, seamless delivery and service processes can be central to meeting customer expectations.
In a world where the pace of competition is increasing faster than ever, best-in-class processes can create competitive advantages when it comes to innovation and risk management. However, researches have shown that companies are particularly poor at managing processes. Often there are just too many processes. Worst, executives often do not know where to begin; a Leadership Development dilemma.
Global Process Optimization is the strategic approach to building a real Competitive Advantage. However, it can be a challenge and there are pitfalls that organizations must face.
Global organizations are particularly poor at managing processes. Processes are considered one of the 3 weakest aspects of organizations and strengthening them is crucial.
Based on a McKinsey survey of executives, executives do not know what their processes are. Inasmuch as there are just too many processes, these processes do not reflect new customer needs. In fact, there exists a resistance to change that can be damaging to an organization.
Organizations have to understand that processes can go wrong on a global scale and it can bring in a lot of challenges to an organization.
Organizations are faced with 3 core challenges when dealing with processes and transforming them to a global scale.
Overcoming the 3 core challenges can be done. Organizations just need to take on a 3-phase approach that will ensure that all global processes are enabling performance. These are Prioritize, Optimize, and Implement. A 3-phase approach is an effective tool towards approaching Global Process Optimization in a strategic manner where value is maximized at minimal cost and complexity.
Interested in gaining more understanding of Global Process Optimization? You can learn more and download an editable PowerPoint about Global Process Optimization here on the Flevy documents marketplace.
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