Disclaimer: This is a user generated content submitted by a member of the WriteUpCafe Community. The views and writings here reflect that of the author and not of WriteUpCafe. If you have any complaints regarding this post kindly report it to us.

In a world that is extremely fast-paced and the competition is on the rise every day, it is an increasingly important need for businesses to stay relevant in their consumer bases. Without this relevance within their users and returning customers, businesses begin to fail as people trend towards other brands and better services. Especially with the wave of globalisation coming over to almost all markets of the world, it is especially easy for the consumer to shift tracks whenever they want to.

However, there are still businesses around the world that are still maintaining their leadership in the market. How are they doing that, you may be asking. It may not be apparent from the outside, but most successful businesses remain that way because of their persistent attempts at business process improvement which makes it easy for them to rule trends and change when the need arises. This article discusses what makes successful businesses stay successful and a favourite of the customers.

Beneficial Habits Of Successful Businesses

  • Harmonisation

Not to be confused with standardisation where the aim is to create a uniformity in the processes of an organisation, harmonisation is actually a way to avoid setting too many or too fewer standards in the processes. This technique looks at the variation between the standards of different process and sets a limit to how much these processes can vary.

While standardisation does lower the costs incurred by businesses, harmonisation does this by avoiding the one-size-fits-all model and bypasses the inconsistencies of standardisation. Harmonisation also ensures that the organisation continues to care for divisional requirements as it will only increase the cost if they are ignored. It hands over more process control to the higher management, which improves process performance and helps in a significant reduction of costs.

  • Value Analysis

Value analysis of the processes and tasks is an important step in understanding where the efforts and money of the organisation are going. It is all about what processes are relevant to the business and are actually adding any value to the overall growth, or adding value to the customer service. Tasks that don’t add any value to the organisation must be reduced in order to increase the relevance of the tasks that do add value. In addition, successful businesses tend to add more processes and tasks that add value to the business as a whole.

  • Cost Analysis

Increased profitability is the eventual improvement that everyone organisation aims for. This is why efficient cost leadership can lead the organisation at a whole new level of operation. Cost analysis is also a way to analyse the processes and tasks of an organisation in order to understand the expenditure. The eventual goal is to reduce processes that are redundant and irrelevant in order to save both role costs and overhead cost that are going to waste.

  • Time Analysis

Time is money in this world, and thus time evaluations are important in order to cut off the time delays that are making process efficiencies drop. Analysing the execution task for a single task and the delay caused in the said activity, which may be the unavailability of a third party (person or system) or the lack of a defined priority. Time spend on business value-adding tasks needs to be optimised, while time spent on non-value-adding tasks needs to be reduced in order to maximise productivity.

  • Process Efficiency

Efficiency is an important aspect of working in an organisation because an efficient time will utilise fewer resources in order to produce the optimum level of output. Process Cycle Efficiency (PCE) measurement is a great way to understand the impact of process efficiency. It is derived by dividing the execution time by the total cycle time, which then gives the proper percentage of PCE. A higher percentage would mean a higher efficiency.

To put things into perspective here, a successful business is the one that harmonises the standard variation of processes, pushes processes to add more value, spends smartly, reduces cycle delays, and makes sure that the team works efficiently. In case of any discrepancy, a successful business adapts and employs a change management process in order to make sure that the improvement is well accepted into the entirety of a business. Staying relevant to customers is not a difficult task if you can ensure that the processes in your business are relevant to the value that you want to add to your organisation. 

Login

Welcome to WriteUpCafe Community

Join our community to engage with fellow bloggers and increase the visibility of your blog.
Join WriteUpCafe