What Is Business Excellence Framework
An organization can use a business excellence framework to.
What is business excellence framework. It provides an external perspective of your business strengths and areas for improvement to achieve superior performance. Regardless of sector size structure or maturity organizations need to establish appropriate management systems to be successful. Canada has a similar initiative called excellence canada that awards the canada awards for excellence and created the canadian framework for business excellence as a model for businesses to improve.
It illustrates the cause and effect relationships between the drivers of performance and the results achieved. Australian business excellence framework abef australia baldrige model the most popular and influential model in the western world is the one launched by the us government called the malcolm baldrige award model also commonly known as the baldrige model the baldrige criteria or the criteria for performance excellence. The business excellence be initiative enables you to assess your organisational performance based on the internationally benchmarked be framework.
An integrated collection of proven practices for how a business should operate to become the best it can possibly be i e. The business excellence framework the be framework provides a comprehensive set of management standards for business excellence. Business excellence is defined simply as.
Business excellence frameworks br a business excellence framework is an integrated leadership and management system that describes the elements essential to sustainable organizational excellence. Of course it yields substantial net financial benefits. These enhancements include new requirements to address areas of growing.
Moving to a more macro view business excellence encompasses both pex and opex with the perspective of achievement of results. It is applicable to all businesses whether private or public for profit or not for profit and small or large. The business excellence framework provides a holistic standard that covers all the critical factors processes and as a result of the review various enhancements have been made to the framework while retaining its overall structure which is still relevant and appropriate.
The efqm excellence model is a non prescriptive business excellence framework for organizational management promoted by the efqm and designed to help organizations to become more competitive. The baldridge framework forms the basis of more than 70 other national business excellence programs around the world.