Business Management Health Assessment (BMHA)
“Designed for the Manufacturing Industry”
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BUSINESS PLANNING & STRATEGIC ANALYSIS
This week, we are reviewing these business management principle domains:
- Business Viability
- Fit with Core Business Objectives
- Industry Trends
- Market Demand
Pivoting off Part 1 of this series, we are now getting into the grass roots of the business and how those support the industry your company serves. Owners and leadership alike need to keep an eye on how viable the manufacturing organization is to the industry. One must keep abreast of the customers’ evolving product and service so that your organization is in step with their needs and expectations.
Your product and service fit with the core business objectives is ultimately the building blocks of the business. Every employee must have clarity on this strategic element with a common purpose. This relates to our previous articles affirming the importance of a simple and clear mission statement with a set of core values that resonates throughout the organization.
The product and service your organization provides must be cognizant and in constant development to parallel trends within the industry you serve. Trend and awareness of the next design is critical to forecast market demand, product decommissioning with the next configuration of product being produced for market. A point in case was the M&A of Blockbuster Entertainment Inc. and Netflix Inc. We all know how that turned out for Blockbuster. A great lesson to all where even multi million/billion-dollar companies made a strategic miscalculation in vision of what the trends and market demand would be. We in manufacturing are obliged to foster continual improvement of product and process, reduce cost, and provide a higher quality level of services.
How your company benchmarks against the others is vital for survival, prosperity, and growth. How does yours measure up? Do reach out to us at LYNXBMG for a business management health assessment. It will be one of the best returns on your investment this year. Contact Us – LYNX Business Management Group (lynxbmg.com)
The BMHA is an efficient LYNXBMG auditing and business development process assessing eight operating key business management principles & institutional processes.
Extended support by LYNXBMG enables manufacturers like you to execute continual improvement through mentoring of personnel and optimization of your operating processes.
Flexible Product Options:
OPTION A
Client self-performed assessment – Internally managed. Formalized Report-Out.
OPTION B
Assisted assessment – Leave the process to us – 3 Day on-site process with a LYNXBMG Business Development Expert to manage and document a deep dive of your operational business. Formalized Report-Out and Roadmap to develop the business.
With a completed BMHA, we guarantee leadership will have clarity on:
- The level of congruence within the functions planning, managing, and controlling the company.
- The level of congruence and integration of the management processes used to drive the company.
- The alignment of the business plan to the company’s core objectives.
- Strengths, weaknesses, opportunities, and threats within the company.
- Opportunities for cost reduction and performance improvements affecting overall equipment efficiency (OEE).
- Procurement and purchasing leverage opportunities.
- Operations and Quality Assurance alignment.
- Organization readiness & prioritization of what to focus on to develop the business.
- Progressive steps to achieving a lean enterprise.
- Expected ROI from development actions taken ~ 500+% based on OEE improvement to manufacturing quality, efficiency, resource allocation & management processes.