Business Excellence
Excellence - quality of being extremely good
Personal Excellence - Continual process of raising the bar higher in whatever activities an individual does
Process Excellence - relates to a process being effective (minimal waste) and efficient (minimal variation) leading to a consistent output. Objective is to make the process - stable (consistent output) and capable (able to meet customer requirements)
Operational Excellence - is the coming together of the various units/teams within a business and executing the business strategy more consistently and reliably than the competition. It reflects the way how a person, process, unit, team, organisation excel at parameters such as Cost, Human Resources, scope, time, quality etc.
Business Excellence - is the adoption of outstanding practices in managing the organisation and achieving results. These include (but not limited to) continuous evaluation of the market and competition, internal policy assessments, being flexible with business strategies and goals (for course correction), building a culture of excellence and adoption of best practices. These practices evolve into business models outlining how world class organizations should operate
An application oriented question on the topic along with responses can be seen below. The best answer was provided by R Rajesh on 5th September 2017.
Personal Excellence, Process Excellence, Operational Excellence, Business Excellence
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