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Casual Articles - Measure TQM Success - Baldrige Assessment Case Study for Category 4 Information and Analysis
Do Not Shortchange Funding Needs - Too Little is Worse Than Too MuchThere is an old adage in the funding community: “Investing $1,000,000 to fail is expensive, investing $5,000,000 to succeed is cheap. Investors will respond to funding needs based on real world assumptions. They will be very cautious when assessing a venture’s real funding requirements.Think of investment capital as fertilizer. If a farmer applies too little he harvests a poor crop or worse. Too much fertilizer and the harvest will likewise be disappointing. Experienced, successful farmers know partmental level, key personnel are involved to set targets for the departmental measures and target.
Key information and data are made available to all departmental heads as well as at strategic location to enable decision making
Common Area for Improvement
- Benchmark data is lacking for most company and departmental level for comparison of performance. Target set for each KPI are available but is unable to keep up the pace of improvement ne
War Time Hiring: 5 Steps to Attract Top TalentA recent report, titled "The War for Talent" stated that over the next 20 years, employee talent will be what differentiates successful companies from those going bust. The late 90’s gave us a glimpse of the talent war, but was nothing compared to what’s ahead. Here are five ways to bulletproof your company before the battle begins.Practice What You PreachRecent studies of America’s largest companies show that a strong reputation for moral and ethical conduct performed better financially In my previous article entitled: Market and Customer focus - Baldrige Assessment Case Studies for Category 3, I shared about common assessment findings of several companies being assessed by a group of trained and experienced assessors. In this article, I will provide similar findings but on Information and Analysis, of the Baldrige Criteria. It is provided in the form of case studies which include Criteria summary as described in year 2001 Baldrige Criteria, assessment findings in terms of Strengths and Area for Improvements.There are seven categories in the Baldrige Criteria. In this article, I will deal with the bold categories listed below:- Leadership | Strategic Planning | Customer and Market Focus | Information and Analysis | Human Resource Focus | Process Management | Business Results Criteria Summary – Information and Analysis
The Information and Analysis Category examines your organization’s information management and performance measurement systems and how your organization analyzes performance data and information. 4.1) Measurement and Analysis of Organizational Performance
Describe how your organization provides effective performance management systems for measuring, analyzing, aligning, and improving performance at all levels and in all parts of your organization 4.2) Information Management
Describe how your organization ensures the quality and availability of needed data and information for employees, suppliers/partners, and customers. Common Strengths
- Key Performance Indicators (KPI) at company level are well established and track regularly in various forum with Shareholder, Senior Leaders and Management team. Data are analysis using various tools for decision making.
- Company level KPI are communicated to all departments using the Tree Diagram as a communication and alignment tools. At departmental level, key personnel are involved to set targets for the departmental measures and target.
- Key information and data are made available to all departmental heads as well as at strategic location to enable decision making
Common Area for Improvement
- Benchmark data is lacking for most company and departmental level for comparison of performance. Target set for each KPI are available but is unable to keep up the pace of improvement nee
Does Your Company Need A Business Credit Card?All business owners had one goal, and that is for them to gain profit. Managing a business is not that easy. It requires a big sense of responsibility, hardwork and patience. But did you know that applying for a business credit card have huge advantages for your business whether it is small or big? Here are few advantages that you can get when you apply for a company or a business credit card.Helps the business conserve cash – With the use of a business credit card yo in terms of Strengths and Area for Improvements.There are seven categories in the Baldrige Criteria. In this article, I will deal with the bold categories listed below:- Leadership | Strategic Planning | Customer and Market Focus | Information and Analysis | Human Resource Focus | Process Management | Business Results Criteria Summary – Information and Analysis
The Information and Analysis Category examines your organization’s information management and performance measurement systems and how your organization analyzes performance data and information. 4.1) Measurement and Analysis of Organizational Performance
Describe how your organization provides effective performance management systems for measuring, analyzing, aligning, and improving performance at all levels and in all parts of your organization 4.2) Information Management
Describe how your organization ensures the quality and availability of needed data and information for employees, suppliers/partners, and customers. Common Strengths
- Key Performance Indicators (KPI) at company level are well established and track regularly in various forum with Shareholder, Senior Leaders and Management team. Data are analysis using various tools for decision making.
- Company level KPI are communicated to all departments using the Tree Diagram as a communication and alignment tools. At departmental level, key personnel are involved to set targets for the departmental measures and target.
- Key information and data are made available to all departmental heads as well as at strategic location to enable decision making
Common Area for Improvement
- Benchmark data is lacking for most company and departmental level for comparison of performance. Target set for each KPI are available but is unable to keep up the pace of improvement ne
Creating A Marketing BudgetThe Marketing Budget – Where To StartAs a new business, there is precious little historical information that can be used to guide the creation of a marketing budget. As a default, many companies will use industry standards as guides (very typically, the "average" will be somewhere between 2% and 5% of gross sales). Unfortunately, as with any industry standard, it does not represent the unique needs or strategies of any individual company. Relying on a "formula" to determine the tion management and performance measurement systems and how your organization analyzes performance data and information.4.1) Measurement and Analysis of Organizational Performance
Describe how your organization provides effective performance management systems for measuring, analyzing, aligning, and improving performance at all levels and in all parts of your organization 4.2) Information Management
Describe how your organization ensures the quality and availability of needed data and information for employees, suppliers/partners, and customers. Common Strengths
- Key Performance Indicators (KPI) at company level are well established and track regularly in various forum with Shareholder, Senior Leaders and Management team. Data are analysis using various tools for decision making.
- Company level KPI are communicated to all departments using the Tree Diagram as a communication and alignment tools. At departmental level, key personnel are involved to set targets for the departmental measures and target.
- Key information and data are made available to all departmental heads as well as at strategic location to enable decision making
Common Area for Improvement
- Benchmark data is lacking for most company and departmental level for comparison of performance. Target set for each KPI are available but is unable to keep up the pace of improvement ne
The Job Interview - Get The Job You DeserveFinally, after all your hard work, you’ve got an interview for the job that you have always wanted. The interview is the most important but stressful part of job hunting. This is when the employers make a decision based on their impression of your personality, potential, skills and experience. You will want to do your best in this conclusion to all your job hunting efforts. So how do you make sure that you actually get the job you deserve!* Plan: Make sure you know where your interview will nd availability of needed data and information for employees, suppliers/partners, and customers.Common Strengths
- Key Performance Indicators (KPI) at company level are well established and track regularly in various forum with Shareholder, Senior Leaders and Management team. Data are analysis using various tools for decision making.
- Company level KPI are communicated to all departments using the Tree Diagram as a communication and alignment tools. At departmental level, key personnel are involved to set targets for the departmental measures and target.
- Key information and data are made available to all departmental heads as well as at strategic location to enable decision making
Common Area for Improvement
- Benchmark data is lacking for most company and departmental level for comparison of performance. Target set for each KPI are available but is unable to keep up the pace of improvement ne
Social Butterfly Lessons For EntrepreneursWe all know at least one social butterfly. I am talking about the type of person that you can put in a room full of strangers and by the end of the night they know everybody. The social butterfly is like a people magnet. He or she takes pleasure in introducing people, making recommendations, and bringing people together that can be of help to one another.The social butterfly is the person you call when you’re looking for a band for your wedding, the best real estate agent in town, or the perfe partmental level, key personnel are involved to set targets for the departmental measures and target.
- Key information and data are made available to all departmental heads as well as at strategic location to enable decision making
Common Area for Improvement
- Benchmark data is lacking for most company and departmental level for comparison of performance. Target set for each KPI are available but is unable to keep up the pace of improvement needed
- Deviation of performance level for some departmental level measures and target are not well communication across other department such that actions are not repeated
- Data analysis on operational indicators are not well managed to synergize improvement effort across the organization
In summary, having understood the core value and concepts of Malcolm Baldrige, leaders of company would have a better idea TQM success may be represented by Malcolm Baldrige Assessment. Its assessment report both Strengths and Area for Improvement is a value-added feedback moving forward. My next article will share some case studies on assessment of several companies in Human Resource Focus - Category 5 ---------------------------------------------------------------- Disclaimer:
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