15 Best Practices Business Principles. Business Fundamental for Building High Performance Organization.

March 8, 2010 by oscadmin
Filed under: Business Management 

Although today�s global business environment is fraught with unprecedented challenges, it provides organizations with one tremendous opportunity�the opportunity to reinvent. With a new business epoch upon us, existing organizational models, operating policies, workflows, trading practices, reporting structures, and even the goods and services offered should all be rethought and redefined.
By considering the best practices, organizations can choose to exploit the opportunity to change and drive their enterprises to unparalleled success. Those that choose not to reinvent themselves will fall behind.

What follows is a set of Best Practices Business Principles. They frame the new agenda. Indeed, they encompass it. If adopted, these business principles will guide direction and encourage the behaviors that are needed to deliver unmatched performance.




The business principles include:
1.�� �The Best Practices Enterprise � will place �laser-like� focus on establishing a work environment that supports continuous transformation.
2.�� �Processes will be broadened to include all related responsibilities and tasks, free of existing organization design or �chain of command.�
3.�� �Processes will be designed to be independent of current work locations and physical plant.
4.�� �Strategic planning will be a continuously performed process, and all new initiatives will be evaluated via this process before inclusion in the strategic plan.
5.�� �All work to be done within the firm must be included in the strategic plan before commencing.
6.�� �Work will be managed as a portfolio of projects and programs.
7.�� �The information technology environment will be architected with resilience and flawless integration in mind.
8.�� �The Best Practices Enterprise � will aggressively leverage the emerging free agent market.
9.�� �Diversity and inclusion efforts will be aimed exclusively at establishing a culture in which individual differences among workers are recognized as valuable ingredients in achieving the best business outcomes for the organization.
10.�� �Communication will be recognized as a vital process that must be managed deliberately.



11.�� �With increasing business variability in mind, the work environment will be constantly monitored to identify opportunities to outsource routine activities to best-of-breed vendors.
12.�� �The organization will seek to establish new types of vendor relationships that clearly define mutual gain for the parties involved.
13.�� �The Best Practices Enterprise � will adopt �continuous employee improvement� behaviors.
14.�� �Performance measurement programs will focus on results and not effort.
15.�� �A team-based management model will be adopted by the company to enhance the ability to better respond to emerging market opportunities.




Keep in mind that these business principles are nothing more than statements of executive management�s preferences regarding the way in which an enterprise should conduct its affairs in the execution of its mission. Once fully institutionalized, these principles must be considered �rules of the road� for how personnel should plan, manage, and work within the concern. Together they forge the agenda needed to introduce the level of rigor and discipline that is required to reinvent the organization.

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