While I
enjoy working on strategic issues I find that most companies devote much of
their time and energy to day-to-day execution.
Things that should work like a well-oiled machine often don’t. And the cumulative effect of not
“doing things right” shows up on the income statement.
But what
exactly does “right” mean when it comes to a particular work process or
outcome? In many instances, right is not
simply the opposite of wrong but rather is somewhere on the continuum of just
OK to truly excellent or exceptional.
There are
times when “good enough” actually is all that is needed and going beyond the
minimum standard doesn’t add any value.
But in most instances, performance is measured on a continuum of
outcomes and constantly striving to do better is critical. In these instances, it is not just about
doing things right, it is about doing things “righter” than you did them
yesterday.
It is
important to always seek to improve business processes. While a process that was put in place years
ago may be working, that doesn’t mean it is at optimal efficiency. Customers change, products and services
change, new competitors spring up while old ones fade away, and technology has
dramatically changed the way we all live and work. That means that business processes need to
change as well.
This isn’t
limited to your core manufacturing or service processes (although those are
critical) but also includes your HR practices, accounting procedures, customer
service interactions, and everything else you do in your organization. Think about it, even janitorial staffs have
had to change their processes to deal with recycling as opposed to throwing
everything in the trash.
In a world where change is the ever present constant, it’s more important than ever to ask if your business processes are not just keeping pace with the times but helping your company outperform its competitors.
Are you
doing things “righter” today than you did them yesterday?
If your
business could benefit from fractional CFO services, I would welcome the chance
to speak with you. Please give me a call
at (314) 863-6637 or send an email to For more information,
visit www.homza.com
your cash is flowing. know where.®
Ken Homza
Copyright @ 2013 Homza Consulting, Inc.
your cash is flowing. know where.®
Ken Homza
Copyright @ 2013 Homza Consulting, Inc.