business improvement

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business improvement - solution and results

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2.  Business improvement?

Generally speaking, a business is comprised of people, processes and capital.

Capital is the company’s assets - money, plant, equipment, tools, supplies, etc.

There are three type of processes that are central to sustainable business improvement, because they are the links in the company’s value system. These process are:

1. Management (e.g. developing employees’ customer service focus),
2. Business (e.g. fulfilling customer orders on quality, quantity and time), and
3. Change (e.g. improving external and internal supplier performance).

At the heart of these processes are people - the company’s employees and this includes management, as well as its customers, suppliers and others.

When people work together to improve these processes, the company has the potential of optimizing the use of its capital, to increase value to its customers, to improve its sales, to reduce its costs, to lower business risk, and consequently to increase and sustain its net profitability, and owner value.