StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Radar Logic in the business excellence - Essay Example

Cite this document
Summary
The "EFQM Excellence model" is among a group of techniques used by organizations to assess and develop an optimum strategy for gaining competitive advantage. This model was designed and endorsed by the European company European Foundation for Quality Management (EFQM) (Hakes &…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER94.9% of users find it useful
Radar Logic in the business excellence
Read Text Preview

Extract of sample "Radar Logic in the business excellence"

Number: Business Excellence Models The "EFQM Excellence model" is among a group of techniques used by organizations to assess anddevelop an optimum strategy for gaining competitive advantage. This model was designed and endorsed by the European company European Foundation for Quality Management (EFQM) (Hakes & Wilkinson, 2007, 34). The model has its success pegged on its customer satisfaction. To achieve this, the model demands a leadership structure that is inspirational as well as flawless systems of any given organization.

Excellence by definition refers to perfection, an attribute that demands that all facets of an organization carry out the routine business activities of the business in utmost perfection. Every organization has a mission, vision and goal. In addition, businesses develop strategies in which they can ultimately achieve these objectives. This is referred to as the business plan. It is essential that businesses develop a means in which they can assess their development with respect to achieving their goals and objectives.

The intention of this treatise is to make out whether the organization is indeed running right in terms of direction and pace. The EFQM Business mold operates by providing organizations a yardstick for which they can measure and evaluate their existing position as pertains to excellence (Hakes & Wilkinson, 2007, 76). With this, the organization is granted the opportunity to identify the facets of the organization that is need of additional efforts in order to achieve the overall goal of excellence of the organization.

The EFQM emphasizes on the importance of prioritizing the shareholders purposes and ensuring that the original targets of the company are met as stipulated. In conclusion, the EFQM model is a necessary tool for measuring the progress of the organization with respect to its goals. It beneficial as it helps to single out and analyze the different areas of the organization in terms of their performance. This is essential in the identification of the areas that need more attention and effort in order for the organization to achieve the excellence level that is required.

Work CitedHakes, Chris, and Jayne Wilkinson. The Efqm Excellence Model: For Assessing Organizaional Performance : a Management Guide. Zaltbommel: Van Haren Publishing, 2007. Print.

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Radar Logic in the business excellence Essay Example | Topics and Well Written Essays - 250 words”, n.d.)
Radar Logic in the business excellence Essay Example | Topics and Well Written Essays - 250 words. Retrieved from https://studentshare.org/business/1625445-radar-logic-in-the-business-excellence
(Radar Logic in the Business Excellence Essay Example | Topics and Well Written Essays - 250 Words)
Radar Logic in the Business Excellence Essay Example | Topics and Well Written Essays - 250 Words. https://studentshare.org/business/1625445-radar-logic-in-the-business-excellence.
“Radar Logic in the Business Excellence Essay Example | Topics and Well Written Essays - 250 Words”, n.d. https://studentshare.org/business/1625445-radar-logic-in-the-business-excellence.
  • Cited: 0 times

CHECK THESE SAMPLES OF Radar Logic in the business excellence

EFQM Excellence Model and Radar Logic

Name: Course: Instructor: Institution: Date: EFQM Excellence Model and radar logic Executive Summary The EFQM model of management is a milestone in modern management because of its relevance its application in organizations.... hellip; The model is divided into enablers and results section that drive excellence.... The fundamental objective for the study is highlighting the effectiveness of the model in the actual business scenario.... EFQM: Background Information After the great depression of the 1930's and the emergence of new markets, organizations in America began to look for new ways of doing business....
13 Pages (3250 words) Essay

Walmart and Age UK - Strategic Management Analysis

Running head: Walmart and Age Uk: Strategic Management Analysis [Name] [Professor Name] [Course] [Date] Executive Summary This paper presents a strategic analysis of Wal-Mart, a leading retail stores that primarily serves the business-to-business (B2B) markets as a direct reseller of goods from manufacturers, and Age UK, a major UK-based social enterprise (Marketing Teacher 2013).... Wal-Mart has strategically positioned itself globally based on its strategic management model that presents an authentic data comprehensive analysis of its business to business marketing (Chopra, Dougan & Taylor 2001)....
10 Pages (2500 words) Essay

The European Foundation of Quality Management Model

The report aims to suggest the application of the EFQM model within the business activities of Executive Bank plc by which the organization can enhance its performance and bring efficiency.... Additionally, EFQM is also referred to as an 'excellence Model' which focuses on what an organization should do and what it will do in order to deliver excellent quality of products and services to its customers and respective stakeholders.... This report shows three integrated components which can help Executive Bank to deliver excellent services to its potential customers by maintaining a superior relationship with its business partners....
11 Pages (2750 words) Research Paper

EFQM self-assessment using RADAR methodology

The EFQM excellence Model has effectively served to provide a framework for organizational management systems for countless organizations throughout the region (Beikzad, 2012).... All of these factors combine to create the need for excellence in all the RCSI does and stands for.... The EFQM excellence model will provide RCSI with the basic framework to assess its current level of excellence, and what needs to be to further improve upon its service options....
26 Pages (6500 words) Essay

Argo Case Study Leadership Analysis

These events provide an opportunity not only for the CEO to share what has been happening in the company, but also to hear from various managers about aspects of the business that need improving.... In this sense, the company has done well an deploying a system of enablers, under the radar logic of the EFQM model.... As such, they have implemented the EFQM excellence Model as a way of conducting self-assessments and have seen improvements in many key areas since doing so....
12 Pages (3000 words) Essay

Viral Branding

In this point of view, brands are not anymore directed by business organizations' activities but to a certain extent provided meaning and significance on the streets by perspective-dominant innovators who approves the brands and grants them prestige.... urthermore, several scholars nowadays suggest below-the-radar marketing, which sows the brand among individuals of powerful and influential classes in society....
7 Pages (1750 words) Coursework

Quality Management: ISO 9002, EFQM, Charter Mark, Investor in People

This generally works with the help of a few of the fundamental concepts which allow the models to ensure complete quality and sustainable excellence.... HARTER MARK: This is an award which has been given to a number of companies for the achievement of national standards for excellence in customer service.... This however has now been changed to Customer Service excellence and the Charter Mark awards are not been given to companies anymore....
6 Pages (1500 words) Assignment

An Innovative Business Approach: Case of Axiom Telecom

This is actually one of Porter's introduced competitive strategies in order to help the certain organization to reach its excellence.... In the paper “An Innovative business Approach: Case of Axiom Telecom” the author discusses the most elemental way to promote business in Axiom Telecom....
6 Pages (1500 words) Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us