Professional blog

Operational excellence is an important concept in any organizational setting. While the exact definition of operational excellence may vary, it is generally understood to refer to the achievement of a desired level of performance in day-to-day operations. This essay will explore the components of operational excellence, discuss who is responsible for operational excellence, and examine why operational excellence is important. First, it will explore the necessary factors for achieving operational excellence by examining the understanding of the components of operational excellence. Second, it will consider

According to FY Oon and H Ahmad in their 2014 journal article, they examined the necessary factors for achieving operational excellence. They argued that in order to achieve success, organizations must be equipped with six key components: strategy, technology, people, process, culture, and leadership. One of the most important components, strategy, refers to the establishment of objectives, defining the course of action, and controlling the various elements of the organization. It is also important to consider technology, as it helps define and refine the organization’s operations and processes. People are equally important, as they are the key players that enable operations to run smoothly. Process is also essential to ensure that operations are consistent and efficient, while culture is necessary to ensure that the organization adheres to its values and principles. Lastly, leadership is important to provide direction and guidance. Ultimately, Oon and Ahmad concluded that by understanding the components of operational excellence, organizations can increase their chances of achieving success.

When it comes to achieving operational excellence, assigning responsibility is key. According to a study conducted by M Jäntti et al. (2014), leadership and management play a crucial role in driving operational excellence. They found that a high-performance culture is created when effective leadership and management are in place. Leaders must develop a strong understanding of their organization’s objectives and strategies in order to bring the organization to a higher level of operational excellence. They must also be able to identify opportunities for improvement, and be able to communicate those opportunities to management. Management, on the other hand, is responsible for implementing the strategies developed by the leadership. They must be able to understand the organization’s objectives and strategies and create plans to achieve them. They must be able to measure performance, identify areas for improvement, and create plans to implement changes. It is important for leadership and management to work together in order to create a successful high-performance culture. Through effective collaboration, both leadership and management can create an environment where operational excellence is possible.

Operational excellence is a key factor in an organization’s success, as it is the foundation for effectively achieving business goals. In their study, BA Lameijer, W Pereira and J Antony (2021) explored the significance of operational excellence for organizations, noting its potential to bring about numerous benefits. The authors found that operational excellence can improve customer satisfaction and trust in an organization, which leads to increased customer loyalty and repeat business. Additionally, this approach can lead to decreased waste and improved efficiency, resulting in decreased costs and increased profits. Moreover, improved operational performance can lead to improved communication and collaboration between employees, resulting in higher job satisfaction, improved morale and increased productivity. Finally, operational excellence can also help an organization develop its competitive advantage, allowing it to stand out in the market and remain competitive. It is clear that operational excellence can bring about numerous benefits for organizations and is a key factor for success.

Operational excellence is an important goal for any business organization, as it is essential for improved customer service, higher efficiency, and continued competitive advantage. Its achievement involves factors such as proper resource utilization, clear plans, delegated responsibilities, and strategic problem-solving. All members of a company must work together, coordinated by leadership, since operational excellence is a team effort. If achieved, it will help maximize the potential of the entire organization, which is critical for success in a world of ever-evolving marketplace dynamics.

Work Cited