Most Business Improvements Need No more than Good Thinking
It is normal for organizations to project their growth, based on their past performance. However, this projection is often done blind-foldedly, without realizing the real extent of performance the organization can influence. The inevitable result, therefore, is that organizations fall pray to unexpected poor performance, very often.
It makes sense for an organization to know its capability and; therefore, be better at predicting performance that is in its control. When an organization gets into the habit of calibrating its capability, it knows the effect of the effort it makes; and thereby, will be in a good position to not only predict but also achieve its performance.
Thinking is the key capability of the organization, but is often undermined in terms of its impact on organizational performance. While all other capabilities essentially require significant resources and risks, by building a capability to think better, an organization can achieve breakthrough performance without taking real risk and without exhausting its resources.
Check the way things turned out at EnggCons- an engineering innovation solution company in a part of Respecting the Business series of CVMark. It shows how an organization engaged in better thinking can obtain breakthrough performance. The full version of the caselet is available at Docstoc as well as at Scribd.
31 March 2014