The Oliver Wight Class A Checklist for Business Excellence / Edition 6

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Overview

The Oliver Wight Class A Checklist for Business Excellence

The leading business improvement specialists who educate, coach and mentor people to lead and sustain change on the journey to business excellence and outstanding business performance
* Managing the Strategic Planning Process
* Managing and Leading People
* Driving Business Improvement
* Integrated Business Management
* Managing Products and Services
* Managing Demand
* Managing the Supply Chain
* Managing Internal Supply
* Managing External Sourcing

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Product Details

  • ISBN-13: 9780471741060
  • Publisher: Wiley
  • Publication date: 6/10/2005
  • Series: Oliver Wight Companies Series , #15
  • Edition description: REV
  • Edition number: 6
  • Pages: 240
  • Sales rank: 392,176
  • Product dimensions: 7.05 (w) x 10.08 (h) x 0.67 (d)

Meet the Author

OLIVER WIGHT INTERNATIONAL, INC., founded in 1969, is an international education and consulting company for professionals in business.

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Read an Excerpt

The Oliver Wight Class A Checklist for Business Excellence


John Wiley & Sons

ISBN: 0-471-74106-X


Chapter One

1 MANAGING THE STRATEGIC PLANNING PROCESS PURPOSE

PURPOSE

To establish and manage the process for setting vision, strategy, and direction in order to be an upper-quartile company. To ensure that this is reflected in all plans, projects, and actions throughout the company.

Chapter Content

Understanding and Analyzing the Internal and External Environment Business Mission, Vision, and Values Strategic Planning Supporting Process and Function Strategies Strategy Development Business Planning and Annualized Plans Evaluation and Control Business Strategy Management Process Risk Management Performance Measures Behavioral Characteristics

UNDERSTANDING AND ANALYZING THE INTERNAL AND EXTERNAL ENVIRONMENT

0-NOT 1- 2- 3- 4- 5 DOING POOR FAIR GOOD VERY GOOD EXCELLENT

1. A process exists to collect relevant information internally and externally to understand the company, its products and services, its market place, and the competition.

a. Company Capability

The company has a process to understand the capability of all its business processes to identify the strengths and weaknesses of its offer to the market place.

b. Industry Position

The company actively seeks information and input from inside and outside its sector to identify best practices and excellent performance in all its processes and at all company levels. It can show its industry position andmeasure that it performs at least as an Upper Quartile company in its sector.

c. Stakeholder Goals

The major stakeholders in the company are identified and their short-, medium-, and long-term goals are understood. The company has a balanced view of goals and targets.

d. Market Analysis

Sufficient investigation and analysis is carried out to understand the market in which the company operates, its competitor's activity, and the value of its opportunities. This may include trends in geographic focus, consumer and customer demands, economic trends and national and international policies and regulations, etc.

e. Products and Services Portfolio

All parts of the products and services portfolio are examined to ensure the voices of the consumer and customer are understood and lifecycle trends are identified. The potential of competitor actions and technology discontinuities and breakthroughs in technology and the market place have been assessed.

2. This information is analyzed using appropriate tools to identify and prioritize opportunities and challenges for the success of the business.

a. Information Analysis

Information is analyzed to form a picture in words and figures of potential futures for the strategic plan horizon. Potential breakthrough areas for technical and nontechnical innovation are sought and identified for the company to differentiate from its competitors.

b. Analytical Tools

A comprehensive use of analytical tools is made to identify business trends and opportunities and to understand how the company responds to current and future consumer needs.

c. Capability Diagnostic

A diagnostic is prepared and agreed showing the capability of the company in all its processes and its adequacies or limitations for the future.

d. Opportunities

The challenges and opportunities for the company from inside the company and from its external environment over the strategic plan horizon are understood and documented.

e. Prioritization

Opportunities to meet the business strategy are prioritized using established filter criteria, and the potential risk to the business from each opportunity is understood.

BUSINESS MISSION, VISION, AND VALUES

3. Mission and vision statements exist, representing the balanced views of the company (or business unit) and its stakeholders.

a. Top Down Team-Based

The company mission, vision, and strategy are for a suitable long-term horizon appropriate to the business. They are initiated and agreed by the chief executive officer, his company leadership team, and other functional heads and key players, and they are shared and supported by the entire organization.

b. The Mission Statement

The mission statement is a clear and concise statement of the company's strategic intent. It summarizes the main purpose of the business or business unit and the value that its products and services bring to customers, consumers, and society.

c. The Vision Statement

The vision statement is inspiring and memorable and summarizes concisely what the company wants to become in its market place and community.

d. The Expanded Vision Statement

The expanded vision statement paints a picture in words and overview figures to show employees, customers, suppliers, and shareholders what the company plans to become in the medium and long term. It is sufficient for them to relate their actions and behaviors and their sense of values. It is long term enough to be independent of business cycles.

4. The company values shape the business strategies and supporting plans. They are captured in a values statement and are lived throughout the company.

a. Ownership

The company values are owned by the chief executive officer and the leadership team and are formally documented in a values statement that is discussed and agreed with all the company stakeholders.

b. The Values Statement

The values statement sets out the guiding principles and ethics by which the company will be known. It embodies how the company wishes to be perceived by all its stakeholders and is the prime driver for setting the culture of the business.

c. Communication

The company values are formally presented to everyone in the company, and this process is used to create excitement and purpose and to stimulate behavior change.

d. Living the Values

The company values are reviewed regularly and are used on an everyday basis to challenge the behaviors and culture of everyone in the company and to inspire all to improve continuously.

STRATEGIC PLANNING

5. A business strategic plan exists to support the mission and vision statement that is focused on strategic business objectives. It enables the alignment of all company processes and functional plans and the deployment of a hierarchy of measures.

a. Value Proposition

The strategic plan contains clear direction on the company value proposition (strategic values or value discipline), outlining how the company will differentiate as an upper-quartile performer in its chosen markets.

b. The Strategic Plan and Competing Priorities

The plan sets out for the medium and long term, the policies, goals, financial strategy, actions, and milestones for the company to attain its vision and firmly sets out the company's Strategic Business Objectives. Its competing initiatives and ambitions are prioritized against a timeline. It is long term enough to be independent of business cycles.

c. Strategic Business Objectives

The goals for the company area clearly stated in quantifiable Strategic Business Objectives, which are formally agreed and documented and are each owned by a member of the leadership team. The Strategic Business Objectives are the driving force for change throughout the organization. It drives the hierarchy of goals and objectives in all separate or integrated units of the business.

d. Validity and Affordability

The strategic plan has sufficient operational analysis and plans to ensure that it is valid and achievable and contains sufficient financial analysis to ensure that it is viable and can be funded.

e. Risk Analysis

The main risks are formally identified and documented, and actions to reduce risks and risk contingency plans are identified.

f. Organization Roles

The role of every part of the present and future organization and its planned achievement is defined. The prime measures in the hierarchy of measures are derived from the Strategic Business Objectives, and are identified, agreed, and owned by a member of the leadership team.

6. The assumptions generated through all parts of the strategic planning process are captured and formally documented. They are revalidated as additional information becomes available and are regularly reviewed and monitored.

a. Documentation of Assumptions

The assumptions made in the construction and the agreement of the strategic plan are identified and are formally documented and communicated. Ownership of assumptions exists throughout the organization.

b. Validity

The assumptions are sufficiently tested to ensure that they are valid and are confirmed and applied throughout the business. Wherever possible, they are measured by their owners so that early warning of change is given.

c. Monitoring and Reporting

Key assumptions are monitored and reported through the formal company Integrated Business Management process on a planned and regular basis.

SUPPORTING PROCESS AND FUNCTION STRATEGIES

7. The business strategic plan is appropriately supported by strategies for the core processes of the business that collectively deliver the company goals. a. Market Strategy

There is a market analysis and planning process culminating in a market strategy to meet the growth and profitability aspirations of the business policies and plans covering the market sectors to be pursued. It also covers direction about the geography of the business and its planned channels and routes to market. The market strategy drives the company demand management processes and reviews.

b. Product and Services Strategy

There is clear analysis and direction on the products and services the company chooses to sell to meet its business aspirations, culminating in a product and services strategy. It includes direction for each product family or brand, its targeted consumers and customers, geographies, and the expected trends in product life cycles. It may include the company technology strategy and will drive the company product management processes and reviews and require a critical mass of identified core competencies.

c. Financial Strategy

There is a financial strategy for the business that sets out how the strategic plan will be viably funded and supported. It shows how the shareholder value and returns will be protected and grown. It defines the potential sources of funds and how those funds will be used. It will outline how the provision and use of financial information will be developed to promote and support advances in the business.

d. Operations Strategy

There is an operations strategy that defines how the company processes will be developed to meet future service and costs targets and to introduce new products and services most effectively. It reflects the company's competitive priorities. It covers processes from suppliers to consumers and from customer orders to invoicing, and includes a capital investment strategy that drives the company's make/buy policies. The strategy defines the role and focus of each operating unit and drives the company supply management processes and reviews.

8. Detailed strategies for key supporting functions are also derived from the business strategic plan and should, at minimum, include human resources (HR), information technology (IT), and any other process enabler important to the business.

a. HR Strategy

The company is committed to excellence, and its values are demonstrated at all levels. The role of people as a major differentiator is understood, and a strategy and plan exists to focus the acquisition, development, recognition, and motivation of the skills and competencies that are key to its future success. It includes practical succession planning to cover potential gaps in key positions and competencies.

b. IT Strategy

The strategic plan is supported by an IT strategy that sets out the architecture and framework for systems and communication tools for the future. The strategy prioritizes planned investment in IT (as part of the company capital investment strategy) to support the business processes and its strategic initiatives and determines how it will be managed. The need to educate as well as train users and managers in the processes and required behaviors to secure the potential business gains from investments is recognized.

c. Data Strategy

A data strategy exists to define the static and dynamic information needs of the business and its partners and how they will be satisfied. Its implementation is owned by the leadership team. Data quality and integrity is understood as a foundation requirement and discipline for excellence and is measured throughout the organization.

STRATEGY DEPLOYMENT

9. The competing priorities of the business and its performance goals are resolved to determine the priority of strategic projects and their skill and capability requirements. Projects are justified by demonstrating a compelling need and case for change.

a. Performance and Capability Gap Analysis

The gap between current capability and future plans and needs is understood, and the benefits and time phasing of planned changes is quantified.

b. Business-Based Competitive Priorities

Proposed initiatives that compete with each other for attention are assessed using established and agreed criteria and are prioritized to the overall business needs during the lifetime of the strategic plan.

c. Project Approval

Each planned project is formally approved before work commences, and the need and case for change is proved with detailed business benefits and resource implications. Approved projects are held in a company-wide project master plan with agreed planned start and completion times, identified interdependencies, and ownership and sponsorship within the leadership team.

d. Skill Competence Analysis

The skill and competence base of the company is formally assessed against the strategic plan. Its strengths and weaknesses against timelines are understood, a gap analysis is conducted, and improvements are planned. Gap-closure actions are assigned and drive the education, training, selection, and succession plans for the business.

10. Strategic plans are converted into goals at every level of the business with detailed and prioritized action and resource plans. They are cascaded and explained to all people, demonstrating the need and plan for change.

a. Communication Process and Listening

The vision for the business is widely communicated in a succinct, consistent, and repeatable way with opportunity for builds and feedback, and strategic goals and plans are cascaded to working levels with ownership and sponsorship.

b. Deployment of Goals and Targets

The performance targets required to fulfill the business strategy and the goals outlined in approved and planned improvement projects are represented as goals and targets at all levels of the business. Accountabilities are assigned and are part of the appraisal process.

c. Detailed Project Plans

Approved projects have detailed plans for goal achievement with supporting resource and capability plans to develop and allocate the appropriate skills and competencies.

d. People Development Plans

Plans are prepared and actioned to prepare people for the change program and projects. People with talent, development potential, and leadership skills are identified, and personal development plans are instituted.

e. Measures and Reviews

Formal processes and tools are used to manage, review, and measure projects and goals at all levels. Management by exception is commonplace and proactive corrective action plans are communicated.

(Continues...)



Excerpted from The Oliver Wight Class A Checklist for Business Excellence Excerpted by permission.
All rights reserved. No part of this excerpt may be reproduced or reprinted without permission in writing from the publisher.
Excerpts are provided by Dial-A-Book Inc. solely for the personal use of visitors to this web site.

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Table of Contents

Preface.

Introduction.

Foundation.

How to use the Checklist.

1. Managing the Strategic Planning Process.

2. Managing and Leading People.

3. Driving Business Improvement.

4. Integrated Business Management (Sales & Operations Planning).

5. Managing Products and Services.

6. Managing Demand.

7. Managing the Supply Chain.

8. Managing Internal Supply.

9. Managing External Sourcing.

Oliver Wight Biography.

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Customer Reviews

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  • Anonymous

    Posted December 8, 2012

    V

    Join silver clan at tree top first result.
    Leader: Crownstar

    All other positions open. No powers. We live in jungle and need active cats. We eat lots of small animals and are camp is well hidden in dense undergrowth.

    1 out of 1 people found this review helpful.

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  • Anonymous

    Posted December 23, 2012

    To all cats

    Join Horseclan at kentucky race horse!

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  • Anonymous

    Posted December 22, 2012

    HELP!!!!

    Necko ran in "save crispkit before hunter hurts her!!!"

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  • Anonymous

    Posted December 22, 2012

    Hailclan leader: mossstar

    Leader: mosstar. Deputy: icetail. Warriors: riverrush (my mate) , join at hail

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  • Anonymous

    Posted December 22, 2012

    Honeyclan

    Leader: Breezestar Deputy: Greypelt Medican Cat: Brightleaf. 'Honey clan' RESULT ALL

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  • Anonymous

    Posted November 17, 2012

    JION A PRIDE/CLAN

    PRIDE: There are lots of lionesses and some males, each male has their own den at 'lion mountain' all results. Most of our members are extemely active. Go to 'lion king' result two and leave your discription there, then read the post titled 'To All'. A beutiful silvery white lioness with blue eyes, named Larka, needs a mate. Her den is at 'lion mountain' result eight. •••••••••••••••• CLAN: Join BibleClan/Warriors of God! We are against nook $** and bible verses are shared every day. We fight for the good and we are extremely active. Go to 'noo' first result and ask to join. (( I'm not the leader of either of these groups, I'm just advretizing for them because I am in them. ))

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  • Anonymous

    Posted November 13, 2012

    Flareclan

    Leader: Flarestar Deputy:Fawnleap NONE of any other posistions

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  • Anonymous

    Posted November 21, 2012

    1234567890@#$%&*-+(!"':;/,)~`|•??¿¿{}¿¿¿€¿^_=[?¿¿¿\<>]

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  • Anonymous

    Posted October 28, 2012

    SHADOWSTAR OF THE NEW CLAN.......

    GOLD CLAN

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  • Anonymous

    Posted October 25, 2012

    Danclan

    This is a new clan thatdespratly need people and the members are leader danstar members (name frogoton)

    0 out of 1 people found this review helpful.

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  • Anonymous

    Posted October 23, 2012

    ShadeClan

    Leader. ShadowStar Deputy. Loneforest :3 result one

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  • Anonymous

    Posted October 27, 2012

    ALL GOOD CLAN GATHERIG

    At super result 1 it is onthe full moon monday evenig

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  • Anonymous

    Posted October 23, 2012

    Sorry to tresspass

    But im locked out of a lot of things may i post here

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  • Anonymous

    Posted November 11, 2012

    FearlessClan

    Leader:Brightstar Deputy: Droptip Med. Cat: none Warriors: Roselove, Forestwind, Shadefall, possibly more... We are located at "no fear" all results. First result to join. We are very active.

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  • Anonymous

    Posted October 22, 2012

    Idiots

    You can't make us post info here!

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  • Anonymous

    Posted October 16, 2012

    Legenedclan needs members BADLY ALL Excepted!

    Im Emeraldstar and i do not have any members that have posted recently.Please be kind and be free to post over the owl stuff because i was there first.It is dying.Please join.Im at uncle remus all results.

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  • Anonymous

    Posted October 16, 2012

    Sparkclan

    Clan name: Sparkclan. Location: PJ first seven results. Leader: Honeystar. Deputy: none yet.

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  • Anonymous

    Posted October 15, 2012

    Cloverclan

    Leader- stonestar deputy- being decided medcat- none warriors- foxtail flufftypelt swiftclaw apprentices none kits none pz join us were at trees and animals

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  • Anonymous

    Posted October 15, 2012

    FreedomClan

    LEADER: Freestar~DEPUTY:None~MEDICINE CAT:None~WARRIORS:None~QUEENS:None~KITS:None~ELDERS:None.................Plz join at Clan result 1!!!!!! $Freestar$

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  • Anonymous

    Posted October 16, 2012

    Fishclan

    Leader~Frogstar• Deputy~ Owlheart• Warriors~ Honeyflower, Climbclaw, Quatnum, Talonfire, Pantherfang, Troutscale, and Honeyfur• Medicine Cat~ We might need a new one. Current med cat is Metalclaw but he is not on much• Apprentices~ Climbpaw, Sandpaw, and Everpaw• Kits~ Streamkit, Pondkit, and Jaguarkit. Elders~ none• Things like necklaces are allowed just NO huge powers. We are located at "Fish and Hook" all results.•Frogstar•

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