Since 2005, the Six Disciplines blog offers more than 1,600 blog posts about strategy execution, business coaching, leadership development, innovation, and business process improvement. With more than 18,000 visitors monthly, this blog has received prestigious awards for leadership and management, and has been syndicated by several major media sources. ~ Skip Reardon, Managing Editor & Certified Business Coach
“Across the board, companies with no continuous improvement programs performed worse across all three measures,” TBM Consulting researchers revealed here:
More than 50% of respondents with no continuous improvement program said they expect revenue growth to be 3% or less in 2012, compared to fewer than 20% of companies with mature continuous improvement programs.
Nearly half of respondents with no continuous improvement program anticipate operating income growth of 3% or less in 2012, compared to less than half that percent from firms with continuous improvement programs.
Slightly more than 20% of companies with no continuous improvement programs reported an increase in cash flow over the past year compared to more than 50% of companies with mature continuous improvement programs.
Companies with continuous-improvement programs also were far more likely to employ forward-looking resources in their strategic planning process. Such resources include competitive analysis, market focused business analytics and information about customers' forward-looking strategies.
BOTTOMLINE: Continuous improvement programs such as Six Disciplines (Baldrige, and others), offer companies a way to continually assess their business performance, improve processes, develop organizational learning and leadership, and improved alignment of activities to goals.
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