How Not to Put All Eggs in One Basket – De-Risking Strategies for Outsourcers
What is De-Risking ? Outsourcing is a process that involves selection of vendors who would then do the necessary work for their clients regarding handling such work that the clients deem can be done by Third Party Vendors. What this means is that the clients first narrow down the list of outsourcers that can be […]
Is Globalization a Zero Sum Game or a Win-Win Situation?
When we discuss globalization, we often take into account the fact that both countries that are partners in trade benefit from the exchange. What this means is that a country A that specializes in a particular good or service can trade with country B that specializes in another good or service. In this way, both […]
Should Infrastructure Spending Be Centralized?
Donald Trump has raised the issue of America’s crumbling infrastructure during his election campaign. He has periodically mentioned that American economy needs a bout of infrastructure spending. Estimates state that the infrastructure overhaul will cost the Trump government more than $1 trillion. However, the United States is already deeply in debt. Even though they have […]
How the Government Should Manage Natural Disasters
Natural disasters are a difficult reality. Regardless of our beliefs, these disasters such as earthquakes and floods have a huge impact on our lives in every part of the world. Every year, people all over the world face several disasters. The lives of many of these people are completely destroyed as a result of these […]
The Ranbaxy Fiasco
The Indian pharmaceutical market has been booming for several years. India has the largest number of pharmaceutical manufacturers which supply to the United States. Since the United States is the biggest pharmaceutical market in the world, several Indian manufacturing firms have been able to achieve rapid growth within a very short span of time. Ranbaxy […]
In any Organization, the BPI initiative to be a success would need to be first understood and owned as well as sponsored by the leadership. The leadership here includes mainly the business unit leaders who become the main sponsors of the BPI program. It is important for the Leaders to understand why BPI is required to be implanted in the Organization, how it is going to help them and how to go about with implementation of the program. More importantly they own the program and they would need to make provisions for the required resources and budgets to ensure that the program is successful.
With the above understanding the BPI program should kick off with a Management meeting or workshop and an Executive Implementation Team comprising of the leadership and management should be formed. At this stage it is very important to run the entire management through a detailed presentation about BPI in terms of concept, methodology and the results. The management team needs to be oriented to manage and look at their business from a process point of view and not from an Organizational point of view.
Executive Implementation Team (EIT) team has a very important and larger role to play in the success of BPI program in the Organization. Some of the key responsibilities and functions of EIT may be listed down as under:
It is the Business Unit heads and the senior management who are navigating the Organization in the direction envisaged. They are the ones who are in tune with the markets, are able to assess the future trends and outline the areas where the Organization needs to change in order to meet the external challenges as well as to improve the interface with the Customer. Therefore the EIT team comprising of the Business unit heads and senior management are in a position design and take the Organization to the next level keeping in line with the vision set using BPI initiatives. Once they taste the success of BPI program and the resultant benefits that accrue, then it becomes a habit with the management to use BPI as a tool to edge the Organization forward and strive to reach higher benchmark at all times.
Your email address will not be published. Required fields are marked *
