Here is your weekly dose of Human Management with some more food for thought to leverage your growth.
Since we believe the Management Bugs are common and typical, every description is created and adapted from articles, blog posts, and definitions from other sources and authors.
A MngtBug is a problem, cause, or impact in a human manager’s decision, which produces an incorrect or unexpected result. Every other week we share a little bit of our knowledge base on social media and our newsletter. This week’s MngtBug is…
By definition, process improvement is the proactive task of identifying, analyzing, and improving upon existing business processes within an optimization organization.
Process Improvement is an ongoing practice and should always be followed up by analyzing tangible areas of change. When implemented successfully, the results can be measured by enhanced product quality, customer satisfaction, customer loyalty, increased productivity, development of the skills of employees, efficiency, and increased profit resulting in a higher and faster return on investment (ROI). (1)
The effort involved in enhancing business processes can be complicated, depending on the processes that need improvement. With process improvement, organizations identify, evaluate, and improve their existing methods on a proactive basis.
If an organization is not continuously improving its processes, it will likely fall behind in the market. Succeeding in today’s business environment means always looking for ways to do things better.
When we have a process that does not work, we can have numerous problems:
- Customers might complain about low product quality or bad service
- Team members get frustrated
- Work might be duplicated or not completed at all
- Costs can increase
- Resources might be wasted
- Bottlenecks can develop, causing teams to miss deadlines
On the other hand, process improvement can lead to many benefits that can have a direct impact on business performance.
- Increased productivity and efficiency
- Faster time to market