Capturing advantages of improvement and practices programs

Question

What are the capturing advantages of improvement and best practices programs?

Answer 1

Capturing the advantages of Continuous Improvement and Best Practices Programs are as follows:

1. Research point outs that some companies advantage from continuous improvement and reengineering programs and some do not. Generally, the main beneficiaries are companies that view such programs not as ends in themselves but as instruments for implementing and executing company strategy more efficiently.

2. To get the most from programs for facilitating superior strategy execution, managers must have a clear plan of what specific results really matter.

3. While used efficiently, TQM, Six Sigma, and other similar incessant improvement techniques can significantly increase a company’s product design, production costs, cycle time, product quality, service, consumer approval, and other working capabilities and can help to deliver competitive benefit.