An Introduction to Operational Excellence An Integrated Business Execution System by Operational Excellence Consulting LLC 1 - May 18, 2020 – v10.0 Top 10 CEO Challenges & Priorities 2 - May 18, 2020 – v10.0 Operational Excellence – A Definition A Business Strategy: In "The Discipline of Market Leaders“ (1995), Michael Treacy and Fred Wiersema describe three distinct value propositions or disciplines: Product Leadership, Customer Intimacy and Operational Excellence. Market leaders choose to excel in delivering extraordinary levels of one of these three value propositions, while maintaining reasonable standards in the other disciplines. Market leaders will not pursue a diffused business strategy across two or even all three disciplines, but will continually focus on their organizational design, processes, technology and competencies to improve the one particular value discipline that they want to provide to their Customers better than anyone else. Organizations pursuing an Operational Excellence strategy, strive to deliver a combination of quality, price, and ease of purchase and service that no other organization in their market or industry can match. 3 - May 18, 2020 – v10.0 What is Operational Excellence? Achieving Operational Excellence requires the successful implementation of an integrated Business Execution System that effectively and seamlessly integrates the following four building blocks: Strategy Deployment, Performance Management, Process Excellence, and High Performance Work Teams. Operational Excellence can be achieved and sustained with the right attitude, the right mindset, and the right competencies. Well designed, efficient, and effective Management, Value Chain, and Support Processes are necessary to deliver worldclass results. 4 - May 18, 2020 – v10.0 Strategy or Policy Deployment is the process that aligns and links business strategy and execution. Performance Management is the process that translates strategic initiatives into measurable objectives and goals. What is Operational Excellence? Achieving Operational Excellence requires the successful implementation of a integrated Business Execution System that effectively and seamlessly integrates the following four building blocks: Strategy Deployment, Performance Management, Process Excellence, and High Performance Work Teams. Strategy or Policy Deployment is the process that aligns and links business strategy and execution. 5 - May 18, 2020 – v10.0 Operational Excellence – Strategy Planning and Deployment Strategy is an expression of what an organization intents to do to get from a current state to a future state. Strategy is often expressed in terms of a vision statement, objectives, goals, and initiatives. Only 5% of the workforce understands their company strategy. Only 25% of managers have incentives linked to strategy. 60% of organizations don’t link budgets to strategy. 86% of executive teams spend less than one hour per month discussing strategy. Source: Balanced Scorecard Collaborative 6 - May 18, 2020 – v10.0 Operational Excellence – Strategy Planning and Deployment Lack of a proper strategy is a serious problem that can result in ad hoc improvements that don't contribute to the organization’s overall needs. Non-Strategy #1: ‘The Wall Placard Strategy’ Some organizations will go to great lengths to create great Vision and Mission statements, but then their planning stops there. Non-Strategy #2: ‘The Stratospheric Strategy’ These strategies start in the clouds and they never come down, making them extremely difficult to make actionable. The result will usually be some nice slick-looking verbiage for the organization’s website and annual reports. Non-Strategy #3: ‘The KPI Strategy’ When asked to present their strategies, some organizations excitedly pull out a beautiful PowerPoint slide that states their goals in terms of a metric. Examples are ‘double revenue in three years’ or ‘achieve 20% margin by 2013’. This is not a strategy. Non-Strategy #4: ‘The Govern-less Strategy’ Some strategies are actually quite well constructed, but they miss one crucial element: a governance process. A strategy is worthless unless it has a clear process on who will lead the reviews, what specifically will be covered and what the frequency will be. 7 - May 18, 2020 – v10.0 Operational Excellence – Strategy Planning and Deployment Strategic Planning ought to contain two elements: 1. Strategic Thinking, where managers synthesize their strategic vision, using intuition and creativity. The outcome is “an integrated perspective of the organization, a … vision of direction.”. 2. Conversion of the vision into actionable steps; “realization” of the vision. One of the important purposes of strategic planning is to find productive and high-leverage directions in which to stretch the organization. Source: Mintzberg 1994 8 - May 18, 2020 – v10.0 Operational Excellence – Strategy Planning and Deployment Phase I – Organize the Process Phase II – Current State Analysis (CSA) Phase III – Strategic Vision Elements Phase IV – Strategic Breakthrough Objectives Phase V – Strategic Initiatives & Tactics Phase VI – Strategy Implementation & Review 9 - May 18, 2020 – v10.0 Operational Excellence – Strategy Planning and Deployment Strategy Maps or Strategic Grids: Strategic Focus Area: Increase Shareholder Value Dimensions or Perspectives Financials Revenue Growth of 20% by 2014 Acquire More Customers Customers Internal Processes Learning & Growth Become the Price Leader Improve Operational Efficiency Cost Reduction Program Knowledge Based System Reduce Non-Core Activities Training – Lean Six Sigma Program Database Network on Operational Performance Re-Align Organization with Core Competencies Once you have completed the strategic grid, go back and make sure everything fits with your overall strategy. A set of strategic grids should provide the strategic model for running the business, outlining the specifics of the strategy. All stakeholders should be able to look at the grids and follow the flow of the organization’s strategy. 10 - May 18, 2020 – v10.0 Operational Excellence – Strategy Planning and Deployment The Hoshin X-Matrix is a tool that visualizes an organization’s strategic objectives, Policy Deployment Hoshin X - Matrix 2019 - Level 1 Rev: 1.0 Revised: ___ / ___ / ______ Author: ___________________ Status: Draft - Not Released strategic initiatives, key performance indicators, Resource Planning key projects & action items, and human resources requirements in one simple matrix. ● ○ Primary Responsibility Secondary Responsibility ● ○ Primary Relationship Secondary Relationship The Hoshin X-Matrix enables an organization to easily review the alignment of its strategic objectives, strategic initiatives, key performance indicators, key action items and human resources. The Hoshin X-Matrix, if used properly, improves the likelihood of a successful execution of the strategic plan. 11 - May 18, 2020 – v10.0 Operational Excellence – Strategy Planning and Deployment Organization’s Annual Strategic Goals & Objectives Organization’s 3-5 Year Breakthrough Goals & Objectives 12 - May 18, 2020 – v10.0 Organization’s Strategic Initiatives & Tactics Organization’s Human Resource Allocation Organization’s Key Performance Indicator (Balanced Scorecard) Operational Excellence – Strategy Planning and Deployment “I sure wish I’d done a better job of communicating with GM people. I’d do that differently a second time around and make sure they understand and shared my vision for the company. Then they would know why I was tearing the place up, taking out whole divisions, changing our whole production structure . . . I never got this across.” Roger Smith, CEO of General Motors (1981 - 1990) 13 - May 18, 2020 – v10.0 Operational Excellence – Strategy Planning and Deployment Strategic Initiatives Catchball Annual Strategic Objectives Strategic Initiatives Strategic Objectives Catchball 14 - May 18, 2020 – v10.0 Strategy Planning & Deployment Training Module To learn more about effective strategy planning and deployment based on Hoshin Kanri and Strategy Maps, please review our Strategy Planning & Deployment Process Training Module. The Strategy Planning and Deployment Training Module includes: 1. MS PowerPoint Presentation covering our Strategy Planning and Deployment Process using Strategy Maps and Hoshin Kanri, including Introduction to Strategy Planning, Organizing the Process, Current State Analysis (CSA), Strategic Vision Elements, Strategic Breakthrough Objectives, Strategy Maps, Strategic Initiatives and Tactics, Strategy Deployment Matrix, and Strategy Implementation and Review. 2. MS Excel Templates for Annual Planning, Criticality Analysis, Force Field Analysis, Radar Gap Analysis Chart, Strategy Grid Alignment Matrix, Strategy Grid Correlation Matrix, Project Selection Matrix, Bowling Chart, and Strategy Implementation Review Table. 3. MS Word Current State Analysis (CSA) Questionnaire 4. MS Excel Hoshin Kanri Strategy Deployment X-Matrix Template 15 - May 18, 2020 – v10.0 What is Operational Excellence? Achieving Operational Excellence requires the successful implementation of a integrated Business Execution System that effectively and seamlessly integrates the following four building blocks: Strategy Deployment, Performance Management, Process Excellence, and High Performance Work Teams. Strategy or Policy Deployment is the process that aligns and links business strategy and execution. Performance Management is the process that translates strategic initiatives into measurable objectives and goals. 16 - May 18, 2020 – v10.0 Operational Excellence – Performance Management “Balanced Scorecards tell you the knowledge, skills and systems that your employees will need (learning and growth) to innovate and build the right strategic capabilities and efficiencies (internal processes) that deliver specific value to the market (customer) which will eventually lead to higher shareholder value (financial).” “Having Trouble with Your Strategy? Then Map It.” by Robert S. Kaplan and David P. Norton - Harvard Business Review 17 - May 18, 2020 – v10.0 “Tell me how you will measure me, and then I will tell you how I will behave. If you measure me in an illogical way, don’t complain about illogical behavior.” Eli Goldratt – “The Goal” 18 - May 18, 2020 – v10.0 Operational Excellence – Performance Management Benefits of developing & deploying Balanced Scorecards organization include: in an Help the management team focus on the execution of their business strategy Focus and align an organization towards common goals and objectives Enable an organization to understand the relationship between measures and performance Improve communication of organizational priorities across an organization Help employees to understand and focus on organizational priorities and realize relevant results Reduce the number of metrics to the few vital key performance indicators Strengthen and formalizing the project selection process to focus on key capabilities and enablers 19 - May 18, 2020 – v10.0 Operational Excellence – Performance Management Process Phase I - Strategic Foundation Step 1: Strategic Alignment Step 2: Key Strategic Focus Areas & Objectives Step 3: Strategic Grid & Model Phase II - Three Critical Components Step 4: Key Performance Indicators Step 5: Goals & Targets Step 6: Initiatives & Programs Phase III – Deployment Process Step 7: Integrate Step 8: Cascade Step 9: Manage Balanced Scorecard Development & Deployment Process 20 - May 18, 2020 – v10.0 Operational Excellence – Performance Management FINANCIALS How do you want to look to your shareholders? Indicators focus on whether your strategic and operational plan contributes to your top-line, bottom-line and/or market share. Objectives CUSTOMERS How do you want to look to your Customers? Indicators focus on the specific measures that matter the most to your Customers. Objectives Indicators Targets Indicators Targets Projects INTERNAL BUSINESS PROCESSES At which internal processes and capabilities do you want to excel? - Indicators focus on internal operations that enable Customer satisfaction, growth and profitability. Vision & Strategy Projects Objectives LEARNING AND GROWTH What skills and competencies do you need to implement your strategic and operational plan? Indicators focus on your organization’s ability to innovate, improve and execute. Objectives 21 - May 18, 2020 – v10.0 Indicators Targets Projects Indicators Targets Projects Operational Excellence – Performance Management Dimensions or Perspectives Strategic Focus Area: Increase Shareholder Value Financials Revenue Growth of 20% by 2014 Acquire More Customers Customers “Internal” Processes Learning & Growth Become the Price Leader Improve Operational Efficiency Cost Reduction Program Knowledge Based System Reduce Non-Core Activities Training – Lean Six Sigma Program Database Network on Operational Performance Re-Align Organization with Core Competencies For each objective on your strategic grids, you need at least one performance indicator. Can you have an objective without a performance indicator? Yes, it is possible, but not having a measurement makes it difficult to manage the objective. It’s best to revisit this objective and ask the question: Why is this an objective? 22 - May 18, 2020 – v10.0 Operational Excellence – Performance Management OPERATIONAL EXCELLENCE BALANCED SCORECARD 1 ORGANIZATION: TBD FINANCIALS KPI Champion Last Name KPI 5 4 KPI Name (Unit) First Name CUSTOMERS 3 From: January 2010 Until: Current Month: December 2010 PROCESSES 2 TBD 2010 ORGANIZATION 10 STRETCH 9 8 7 GOAL 8 6 5 4 3 BASE 2 1 0 6 ZERO WEIGHT 0 RESULTS 2010 TOTAL SCORE JANUARY FEBRUARY 12 MARCH APRIL MAY JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER CURRENT SCORE For9 each strategic objective on your strategic grid, you need at least one performance indicator. Can you have an objective without a performance indicator? Yes, it is possible, but not having a measurement makes it difficult 4 objective. 7 It’s 5 to 3manage the 10best 2to revisit 3this objective and ask the question: Why is this an objective? 23 - May 18, 2020 – v10.0 6 Stretch 2010 Goal 2010 Base 2009 Actual 9 1000 700 300 0 11 7 Operational Excellence – Performance Management Organization’s Customer Satisfaction measured through the Net Promoter Score Production Customer Satisfaction measured through Order Fulfillment Lead Time Order Management Customer Satisfaction measured through Order Confirmation Lead Time Customer Service Customer Satisfaction measured through First Call Resolution Sales & Marketing Performance measured through 90-Days Forecast Accuracy 24 - May 18, 2020 – v10.0 Purchasing Performance measured through Material Replenishment Lead Time Operational Excellence – Performance Management Performance Indicators vary according to the Organizational Level. M1 – Organizational Level – Executive Scorecard Indicator M2 – Process or Functional Level – VP/Director Scorecard Indicator M3 – Sub-Process or Departmental Level – Manager Scorecard Indicator M4 – Task or Activity Level – Work Group Scorecard Indicator M1 M2 • Task 1 Task 2 Task 3 Task 4 Process Outcome Task 5 Customer M4 25 - May 18, 2020 – v10.0 M3 M4 M3 Balanced Scorecard Deployment Training Module To learn more about effective performance management based on the Balanced Scorecard Methodology, please review our Balanced Scorecard Deployment Training Module. The Balanced Scorecard Deployment Training Module includes: 1. MS PowerPoint Presentation covering Balanced Scorecard History & Benefits, Four Dimensions of a Balanced Scorecard, Balanced Scorecard Development & Deployment Process, Balanced Scorecard Deployment Challenges & Resolution Strategies, Balanced Scorecard Template & Detailed Instructions, and Project Evaluation & Selection Matrix. 2. MS Excel Balanced Scorecard Template and Example 3. MS Word Workshop Agenda & Evaluation Sheet for a Balanced Scorecard Development Workshop 4. MS Excel Project Evaluation & Selection Matrix to ensure alignment of Operational Excellence, Lean Management, and Six Sigma projects to the Balanced Scorecard 26 - May 18, 2020 – v10.0 What is Operational Excellence? Achieving Operational Excellence requires the successful implementation of a integrated Business Execution System that effectively and seamlessly integrates the following four building blocks: Strategy Deployment, Performance Management, Process Excellence, and High Performance Work Teams. Strategy or Policy Deployment is the process that aligns and links business strategy and execution. Well designed, efficient, and effective Management, Value Chain, and Support Processes are necessary to deliver worldclass results. 27 - May 18, 2020 – v10.0 Performance Management is the process that translates strategic initiatives into measurable objectives and goals. Operational Excellence – Process Excellence BPI 7 Process Development, Improvement & Management A3 or 8D Systematic & Team-Based Problem Solving 5. Pursuit Perfection 4. Establish Pull Lean Principles 3. Create Flow 1. Define Value 2. Map Value Stream Lean Management 28 - May 18, 2020 – v10.0 Six Sigma Methodology Operational Excellence – Process Excellence Function A Function B Input Output 4. Everyone knows only his/her own function's activities and tasks. As a result, they make changes which focus on the function, not on the overall process performance 29 - May 18, 2020 – v10.0 Function C 1. There is no complete description of the end-to-end process. 2. Functions start to make documents of their own sub-processes for their own purposes. 3. The function's borders act as barriers and slow the overall process, as work is stored at the entry and exit points to each function Operational Excellence – Process Excellence Sub-Process #1 Input A1 B1 B2 C1 Sub-Process #2 A2 A3 B3 B4 C2 Sub-Process #3 C3 Function A Function B - Competence A development - Training - Resource pool - Superior relations - Competence B development - Training - Resource pool - Superior relations B6 B5 Output A4 Function C - Competence C development - Training - Resource pool - Superior relations Functions become competence centers - supplying competence and resources to the processes 30 - May 18, 2020 – v10.0 Operational Excellence – Process Excellence 1 2 3 4 5 6 7 8 • Establish the Team • Describe the Problem • Develop Interim Containment Actions • Define and Verify Root Causes and Escape Points • Choose and Verify Permanent Corrective Actions • Implement and Validate Permanent Corrective Actions • Prevent Recurrence • Recognize Team and Individual Contributions 31 - May 18, 2020 – v10.0 Operational Excellence – Process Excellence 1 Background Current Conditions 2 6 7 32 - May 18, 2020 – v10.0 3 Goals & Targets 4 Root Cause Analysis 5 Countermeasures Implementation Follow Up Operational Excellence – Process Excellence Project Management D M A I C Lean = Efficiency Six Sigma = Effectiveness is about reducing the lead time of a process or value stream. is about reducing the variation in a process or value stream. Process Excellence 33 - May 18, 2020 – v10.0 Operational Excellence – Process Excellence Process Input: Process Output: Strategic and Annual Operating Plan (Objectives, Goals, Initiatives) Select the Right Projects • Clarify big picture using strategic & operating plan • Prioritize projects based on impact, value, resources, timing • Select key projects with leadership buy-in • Check accountability business and personal 34 - May 18, 2020 – v10.0 Select and Train the Right People • Ensure the right leadership and ownership • Select the right team leader & team • Develop a training plan • Dedicate time for training & application • Ensure the right support resources are available Exceeding the Plan Develop and Implement Improvement Plans • Utilize the right improvement methodology for the right project Manage for Excellence in Execution • Stay focused • Frequently review progress and remove barriers • Check real business impact • Continuously communicate progress • Link to performance management and R&R Sustain the Gains • Implement effective control plans • Conduct regular training focused on the process • Review the system effectiveness at least quarterly • Continually identify and launch new projects based on strategic & operating plan Operational Excellence – Process Excellence 10 100 50 30 20 100 70 30 100 CORRELATION MATRIX Project Definition 1 Project #1 10 0 5 0 0 3 0 0 3.4 5 0 5 3.5 0 5 1.5 2 Project #2 0 3 0 5 0 0 0 0 0.8 0 5 0 1.5 3 0 2.1 3 Project #3 5 5 10 10 3 3 8 8 6.4 3 8 5 4.9 5 8 5.9 4 Project #4 0 0 10 5 0 0 5 0 2.5 0 0 10 2.0 3 3 3.0 5 10 0 0 1 0 0 3 2.4 10 5 3 7.1 3 5 3.6 5 Project #5 Linking Performance Management Ranking 0 = none 3 = low & Process Excellence through 5 = medium focused Project 8= high Selection 10= very high 35 - May 18, 2020 – v10.0 Not Started On Track At Risk Behind Schedule PROJECT STATUS TOTAL RISK 10 MANAGEMENT RISK KPI #8 20 TECHNICAL RISK KPI #7 5 TOTAL EFFORT KPI #6 10 DURATION OF PROJECT KPI #5 15 CAPITAL RESOURCES KPI #4 10 PEOPLE RESOURCES KPI #3 20 RISK TOTAL IMPACT LEARNING & GROWTH KPI #2 Weights KPI #1 Balanced Scorecard Project Selection Matrix EFFORT PROCESSES FINANCIALS CUSTOMERS IMPACT Operational Excellence – Process Excellence 10 Linking Performance Management & Process Excellence through focused Project Selection 9 8 IMPACT 7 3 6 5 4 1 3 4 5 2 2 1 0 0 1 2 3 4 5 6 7 8 9 10 EFFORT Size of the Ball = Size of the Risk 36 - May 18, 2020 – v10.0 Operational Excellence – Process Excellence State of Michigan Department of Management and Budget (DMB) Coordinator Kathe Carter: "Our management team evaluates potential new programs/initiatives by seeing how they fit in with our strategy. In the past we would continue stacking new projects on everyone's plates, but now if it doesn't fit with our strategy we don't do it." Just as important for the DMB is that "whenever a new project or initiative is proposed, our people ask 'how does this fit in with our strategy map /scorecard?' They feel that this connection attaches a higher level of importance to the initiative." 37 - May 18, 2020 – v10.0 Process Excellence Training Modules To learn more about the different Process Excellence Methodologies, please review our Lean Management, Six Sigma Methodology, Business Process Improvement, and 8D Problem Solving Process Training Modules. The COMPLETE LEAN MANAGEMENT Training Module Library includes the latest version of all seven currently publicly available Lean Management training modules with over 900 PowerPoint slides and many additional templates, worksheets, and forms to support your organization's Lean Management initiative. The COMPLETE SIX SIGMA METHODOLOGY Training Module Library includes the latest version of all six currently publicly available Six Sigma training modules with over 700 PowerPoint slides and many additional templates, worksheets, and forms to support your organization's Six Sigma initiative. The Business Process Improvement (BPI 7) Methodology Training Module includes a MS PowerPoint Presentation, as well as additional worksheets and templates, covering our Business Process Improvement Methodology (BPI 7). The 8D (Disciplines) Problem Solving Process Training Module includes a MS PowerPoint Presentation covering the Global 8D Problem Solving Process & Tools, a Case Study, and 7 Workshop Exercises. The A3 Problem Solving Process Training Module includes a MS PowerPoint Presentation covering the A3 Problem Solving Process & Tools, a Case Study, and 7 Workshop Exercises. 38 - May 18, 2020 – v10.0 What is Operational Excellence? Achieving Operational Excellence requires the successful implementation of a integrated Business Execution System that effectively and seamlessly integrates the following four building blocks: Strategy Deployment, Performance Management, Process Excellence, and High Performance Work Teams. Operational Excellence can be achieved and sustained with the right attitude, the right mindset, and the right competencies. Well designed, efficient, and effective Management, Value Chain, and Support Processes are necessary to deliver worldclass results. 39 - May 18, 2020 – v10.0 Strategy or Policy Deployment is the process that aligns and links business strategy and execution. Performance Management is the process that translates strategic initiatives into measurable objectives and goals. “The rate at which organizations learn may soon become the only sustainable source of competitive advantage.” Peter Senge “The thing I have learned at IBM is that culture is everything.” Louis V. Gerstner, Jr. 40 - May 18, 2020 – v10.0 Operational Excellence – High Performance Work Teams High Performance Work Teams = E E * E * 3 E = = = Engage Educate Empower 41 - May 18, 2020 – v10.0 Operational Excellence – High Performance Work Teams Proportion of highly engaged employees experiencing this: Proportion of low or no engagement employees experiencing this: 98% They view their job as important to the company 22% 99% They are able to do their best every day 53% 98% They have opportunities to learn and grow 13% 98% Their manager cares about them 20% 92% Someone has talked about their progress 13% 97% Someone encourages their development 10% 42 - May 18, 2020 – v10.0 Operational Excellence – High Performance Work Teams Operational Excellence can and can only be achieved and sustained with the right attitude, the right mindset, and the right competencies. Empowerment = f (Authority, Resources, Information, Accountability) Empowerment = 0, if Authority or Resources or Information or Accountability = 0 Selected Employee Ongoing Employee High Performance Input Taskforces Work Teams The Empowerment Continuum 43 - May 18, 2020 – v10.0 Operational Excellence – High Performance Work Teams In their book Gung Ho ! – Turn on the People in any Organization, Ken Blanchard and Sheldon Bowles describe three distinctive phase of transforming a traditional organization to an organization based on high performance work team. Spirit of the Squirrel 44 - May 18, 2020 – v10.0 Way of the Beaver Gift of the Goose Operational Excellence – High Performance Work Teams Spirit of the Squirrel WORTHWHILE WORK 1. Knowing we make the world a better place. 2. Everyone works toward a shared goal. 3. Values guide plans, decisions, and actions. 45 - May 18, 2020 – v10.0 Operational Excellence – High Performance Work Teams Way of the Beaver IN CONTROL OF ACHIEVING THE GOAL 1. A playing field with clearly marked territory. 2. Thoughts, feelings, needs, and dreams are respected, listened to, and acted upon. 3. Able but challenging. 46 - May 18, 2020 – v10.0 Operational Excellence – High Performance Work Teams Gift of the Goose CHEERING OTHERS ON 1. Active or passive, congratulations must be TRUE. 2. No score, no game, and cheer the progress. 3. E = m · c2 – Enthusiasm equals mission times cash and congratulations. 47 - May 18, 2020 – v10.0 Operational Excellence – High Performance Work Teams While an organization transitions from a more traditional “top-down” organization to an organization build around high performance work teams, the role of a supervisor or manager changes to the role of a leader and coach, with six distinctive capabilities. Coach Living Example Barrier Buster Leader ≠ Manager Result Catalyst Business Analyzer Facilitator 48 - May 18, 2020 – v10.0 What is Operational Excellence? Achieving Operational Excellence requires the successful implementation of a integrated Business Execution System that effectively and seamlessly integrates the following four building blocks: Strategy Deployment, Performance Management, Process Excellence, and High Performance Work Teams. Operational Excellence can be achieved and sustained with the right attitude, the right mindset, and the right competencies. Well designed, efficient, and effective Management, Value Chain, and Support Processes are necessary to deliver worldclass results. 49 - May 18, 2020 – v10.0 Strategy or Policy Deployment is the process that aligns and links business strategy and execution. Performance Management is the process that translates strategic initiatives into measurable objectives and goals. About Operational Excellence Consulting LLC “In the global and competitive environment of today and tomorrow, organizations must rethink and reshape their approach to execution in order to stay competitive. Operational Excellence is the strategic initiative under which this process can take shape.” We work with our clients, primarily smaller and medium-sized manufacturing and service organizations, hands-on and side-by-side to achieve their strategic and operational goals and objectives through the innovative application of Operational Excellence principles, methods, and tools. Email: info@oec-us.com Phone: +1 (888) 372 – 8705 Website: www.oec-us.com 50 - May 18, 2020 – v10.0