[Photo by Markus Spiske on Unsplash] A presentation on the fundamentals, roadmap, and capabilities needed for business transformation at the Nextea Innovation Gate Seminar in Milano, Italy. Operational excellence enables an enterprise and its leadership to continuously improve all areas of performance, including decision- making, ongoing investment, profitability, customer and partner services and human resources capabilities. Operationally excellent enterprises possess the processes and structures–or the “intangible assets”–that give them the visibility, control, tools, and management practices necessary to drive greater operational effectiveness and efficiency. Operational excellence had its genesis in manufacturing dating back to the pre-Industrial Revolution. In his 1776 magnum opus, , economist and philosopher Adam Smith was among the first great thinkers to define this now widely used concept. Smith famously described a small pin factory where 10 workers, each specializing in a different aspect of the job, could produce over 48,000 pins a day. Left to make a pin on his own, each of these workers might not have manufactured a single one in a day, and certainly not more than 20. The division of labor immensely increased the productivity of each worker. It’s still true today that assigning different roles and responsibilities across an enterprise enables scale, lowers costs and leads to greater operational efficiencies. The Wealth of Nations Delivering continuous improvement in the marketplace among competitors and customers requires enterprises to identify, understand and create the capabilities, behaviors and focuses necessary for repeatable, continuous and measurable operational improvement. Find out more from this presentation that I gave at a Event. Nextea Copyright © 2017 by Faisal Hoque. All rights reserved. . . . . . I am an . Founder of and other companies. Shadoka enables aspirations to lead, innovate, and transform. Shadoka’s accelerators and solutions bring together the management frameworks, digital platforms, and thought leadership to enable innovation, transformation, entrepreneurship, growth and social impact. entrepreneur and author SHADOKA Author of “ ” (McGraw Hill) and “ ” (Motivational Press). Follow me on Twitter . Use the leadership app and resiliancy app for free. Everything Connects — How to Transform and Lead in the Age of Creativity, Innovation and Sustainability Survive to Thrive: 27 Practices of Resilient Entrepreneurs, Innovators, and Leaders Faisal Hoque Everything Connects Suvvive to Thrive

Amazon

Twitter

Too Long; Didn't Read

Developers: Build Less. Deliver More. [Learn how]	

Achieving Operational Excellence With AI And Machine Learning

Too Long; Didn't Read

People Mentioned

Companies Mentioned

Faisal Hoque

About Author

TOPICS

THIS ARTICLE WAS FEATURED IN...

Achieving Operational Excellence With AI And Machine Learning

Too Long; Didn't Read

People Mentioned

Companies Mentioned

Faisal Hoque

About Author

TOPICS

THIS ARTICLE WAS FEATURED IN...

RELATED STORIES