33:620:301 Lecture Notes - Lecture 11: Six Sigma, Total Quality Management, Business Process
18 Mar 2016
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Document Summary
The funding requirements of good strategy execuion must rive how capital allocaions are made & the size of each unit"s operaing budget. Underfunding organizaional units & aciviies pivotal to the strategy impedes successful strategy implementaion. Company"s operaing budget must be strategy driven & lean. Strategy driven in order to amply fund the performance key value of chain aciviies. Lean in order to operate as cost-efecively as possible. Improve quality & reliability of strategy execuion a: help coordinate the strategy execuion eforts of individuals & groups throughout the organizaion, promote the creaion of a work climate that facilitates good strategy execuion. Best pracice method of performing an acivity that consistently delivers superior results compared to other approaches. Legit best pracice= employed by at least 1 enterprise & shown to be unusually efecive in: lowering costs, improving quality/performance, shorten ime requirements, enhance safety, or achieve highly posiive operaing outcome.
