The paper "The Concept of Business Excellence " is a perfect example of a business assignment. The concept of Business Excellence (BE) means the strengthening and development of particular processes and management systems in a firm that is aimed at creating value and enhancing the performance for the business’ s stakeholders (Asif et al. , 2011). BE supersedes just an organization developing a quality system for themselves. It is mainly concerned with the achievement of excellence in all the business practices of a company which includes information management, customer focus, strategy, and leadership.
Precisely, the central focus of BE is to attain superior business results. From another perspective, BE is concerned with some outstanding practices regarding organizational management which are aimed at attaining the best results which are based on particular fundamental concepts. These ideas include public responsibility, partnership development, results orientation, continuous learning, customer focus, management by facts and processes, people involvement and development, and constancy of purpose and leadership (Asif et al. , 2011). The concept of BE is mainly focused on making a given company deliver its goals, achieve high levels of success, produce significant profits, and enhance its general performance.
Relating to the implementation of BE in the organization, it entails a given set of tools and principles which can be utilized to drive the organizational performance. However, as is often the case with the utilization of any particular tool in business management, it is often prone to misuse, or the value of the tool is either lost or diminished. As such, it is highly encouraged that organizations make efficient use of these BE tools and be careful not to misuse them for them to achieve the highest levels of Business Excellence. The primary difference between the ineffective and efficient utilization of BE often lies majorly in the manner that the approach is being put to use as opposed to the approach in itself.
Asif, M., Searcy, C., Garvare, R., & Ahmad, N. (2011). Including sustainability in business excellence models. Total Quality Management & Business Excellence, 22(7): 773-786.
Doeleman, H. J., ten Have, S., & Ahaus, K. (2012). The moderating role of leadership in the relationship between management control and business excellence. Total Quality Management & Business Excellence, 23(5-6): 591-611.
Lu, D., Betts, A., & Croom, S. (2011). Re-investigating business excellence: Values, measures and a framework. Total Quality Management & Business Excellence, 22(12): 1263-1276.
Young Kim, D., Kumar, V., & Murphy, S. A. (2010). European foundation for quality management business excellence model: an integrative review and research agenda. International Journal of Quality & Reliability Management, 27(6): 684-701.