Barometer One Pager 290109
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BestPrax Club Challenge the Best, Leap to the Next
BAROMETER - A tool for Good Governance A Qimpro Initiative
Without a meaningful mission, an organization has no purpose. Without effective implementation of that mission, an organization fails. Good governance is essential for both a meaningful mission and its effective implementation. The widely publicized failures and bad governance practices of some organizations have caught the attention of the Indian government, regulatory bodies, business community, and public at large. This has resulted in the formalization of new standards of compliance, procedures, and disclosures with corresponding penalties for failure to comply. Their ultimate objective is to set a higher standard of accountability for the leadership of the governing boards of organizations.
Strategic Partners Global Benchmarking Network, Germany BPIR, New Zealand
These new standards and expectations of performance require boards to be aware of Best Practices, have a better understanding of their role in reviewing, approving, evaluating and, where needed, supporting the actions and decisions of the CEO. The future will require more commitment, competency, and time on behalf of board members. In time, governing boards could even be asked to demonstrate (i.e. measure and disclose) whether the organization is being effective in fulfilling its mission, and whether the board is effective in its oversight responsibility. Effectively speaking, Business Governance is an amalgamation of:
Directors Suresh Lulla Founder & Consultant-Quality Nelum Gidwani Consultant-Finance Walter Vieira Consultant-Marketing Homi Bhabha Industrialist
Contact Amit Kallianpur, Business Leader BestPrax Club Pvt. Ltd. 4B Sindhu House Nanabhai Lane, Fort
1.
Leadership Governance
2.
Management Governance
3.
Operations Governance
Where And How Does One Start? The BestPrax Barometer. The BestPrax Barometer is a series of 12 self-assessment e-tools to measure the quality of implementation of Best Practices for business governance. The 12 independent self-assessment tools address the following management categories: 1.
Leadership
2.
Strategic Planning
3.
Customer and Market Focus
4.
Measurement, Analysis, and Knowledge Management
5.
Cost of Poor Quality
6.
Human Resource Focus
7.
Value Creation Processes
8.
Support Processes
9.
Supplier and Partner Focus
Mumbai 400 001, India
10. Improvement and Innovation
Phone: (91-22) 6634 8704
11. Internal Quality Audits
Fax: (91-22) 2204 4421
12. Business Results
Email: [email protected] www.bestpraxclub.com
Page 1 of 2
Each management category addresses 10 to 15 Best Practices. (Click for 135 Best Practices) Does One Need To Work With All E-Tools?
Related Services Knowledge Base Full access to more than 1,000,000 articles that support performance excellence and business governance Creativity Labs To generate a flood of ideas, and harvest the same for innovation of management practices Roundtables Expert discussions on business excellence topics, perceived to be “grey”
Blog An open space for growing subtle dimensions of business practices www.bestpraxclub.com
Business Governance
Operations Governance
1.
Leadership
9
9
2.
Strategic Planning
9
9
3.
Customer and Market Focus
9
9
4.
Measurement, Analysis, and Knowledge Management
9
9
5.
Cost of Poor Quality
9
9
6.
Human Resource Focus
9
9
7.
Value Creation Processes
9
9
8.
Support Processes
9
9
9.
Supplier and Partner Focus
9
9
10. Improvement and Innovation
9
9
11. Internal Quality Audits
9
9
9
9
12. Business Results
9
9
What Does One Receive Per Self-Assessment? The deliverables per self-assessment per management category are: 1. Up to 100 BestPrax Barometer logins for appropriate leaders, managers, and supervisors to conduct a confidential, comprehensive self-assessment of the organization, in flexible hours. (Additional logins are available on request). 2. A Feedback Report that presents (click for sample Feedback Report): 2.1. Methodology for scoring 2.2. Score for each Best Practice 2.3. Overall score for the management category
Cost Benchmarking Tool A useful resource to aggregate, and benchmark the wasteful costs in your organization Community An open, online community for sharing and growing best practices
Management Governance
M A N A G E M E N T C A T E G O R Y
Leadership Governance
The answer is “No”. The BestPrax e-tools can be used in any combination appropriate for the organization. The following is a suggested selection guide:
2.4. Perceived noteworthy practices 2.5. Perceived laggard practices 2.6. Prioritization of practices requiring improvement 2.7. Select case studies from the BestPrax Knowledge Base (supporting 2.6 above), to facilitate implementation. 3. Membership to all leaders, managers, and supervisors (selected in point 1 above) to the BestPrax Community, an e-forum for sharing and growing Best Practices. What Kind Of Budget Is One Looking At?
INR 10,000 per self-assessment per management category.
INR 1,00,000 for a set of 12 self-assessments. Page 2 of 2
BAROMETER - A tool for Good Governance A Qimpro Initiative
Without a meaningful mission, an organization has no purpose. Without effective implementation of that mission, an organization fails. Good governance is essential for both a meaningful mission and its effective implementation. The widely publicized failures and bad governance practices of some organizations have caught the attention of the Indian government, regulatory bodies, business community, and public at large. This has resulted in the formalization of new standards of compliance, procedures, and disclosures with corresponding penalties for failure to comply. Their ultimate objective is to set a higher standard of accountability for the leadership of the governing boards of organizations.
Strategic Partners Global Benchmarking Network, Germany BPIR, New Zealand
These new standards and expectations of performance require boards to be aware of Best Practices, have a better understanding of their role in reviewing, approving, evaluating and, where needed, supporting the actions and decisions of the CEO. The future will require more commitment, competency, and time on behalf of board members. In time, governing boards could even be asked to demonstrate (i.e. measure and disclose) whether the organization is being effective in fulfilling its mission, and whether the board is effective in its oversight responsibility. Effectively speaking, Business Governance is an amalgamation of:
Directors Suresh Lulla Founder & Consultant-Quality Nelum Gidwani Consultant-Finance Walter Vieira Consultant-Marketing Homi Bhabha Industrialist
Contact Amit Kallianpur, Business Leader BestPrax Club Pvt. Ltd. 4B Sindhu House Nanabhai Lane, Fort
1.
Leadership Governance
2.
Management Governance
3.
Operations Governance
Where And How Does One Start? The BestPrax Barometer. The BestPrax Barometer is a series of 12 self-assessment e-tools to measure the quality of implementation of Best Practices for business governance. The 12 independent self-assessment tools address the following management categories: 1.
Leadership
2.
Strategic Planning
3.
Customer and Market Focus
4.
Measurement, Analysis, and Knowledge Management
5.
Cost of Poor Quality
6.
Human Resource Focus
7.
Value Creation Processes
8.
Support Processes
9.
Supplier and Partner Focus
Mumbai 400 001, India
10. Improvement and Innovation
Phone: (91-22) 6634 8704
11. Internal Quality Audits
Fax: (91-22) 2204 4421
12. Business Results
Email: [email protected] www.bestpraxclub.com
Page 1 of 2
Each management category addresses 10 to 15 Best Practices. (Click for 135 Best Practices) Does One Need To Work With All E-Tools?
Related Services Knowledge Base Full access to more than 1,000,000 articles that support performance excellence and business governance Creativity Labs To generate a flood of ideas, and harvest the same for innovation of management practices Roundtables Expert discussions on business excellence topics, perceived to be “grey”
Blog An open space for growing subtle dimensions of business practices www.bestpraxclub.com
Business Governance
Operations Governance
1.
Leadership
9
9
2.
Strategic Planning
9
9
3.
Customer and Market Focus
9
9
4.
Measurement, Analysis, and Knowledge Management
9
9
5.
Cost of Poor Quality
9
9
6.
Human Resource Focus
9
9
7.
Value Creation Processes
9
9
8.
Support Processes
9
9
9.
Supplier and Partner Focus
9
9
10. Improvement and Innovation
9
9
11. Internal Quality Audits
9
9
9
9
12. Business Results
9
9
What Does One Receive Per Self-Assessment? The deliverables per self-assessment per management category are: 1. Up to 100 BestPrax Barometer logins for appropriate leaders, managers, and supervisors to conduct a confidential, comprehensive self-assessment of the organization, in flexible hours. (Additional logins are available on request). 2. A Feedback Report that presents (click for sample Feedback Report): 2.1. Methodology for scoring 2.2. Score for each Best Practice 2.3. Overall score for the management category
Cost Benchmarking Tool A useful resource to aggregate, and benchmark the wasteful costs in your organization Community An open, online community for sharing and growing best practices
Management Governance
M A N A G E M E N T C A T E G O R Y
Leadership Governance
The answer is “No”. The BestPrax e-tools can be used in any combination appropriate for the organization. The following is a suggested selection guide:
2.4. Perceived noteworthy practices 2.5. Perceived laggard practices 2.6. Prioritization of practices requiring improvement 2.7. Select case studies from the BestPrax Knowledge Base (supporting 2.6 above), to facilitate implementation. 3. Membership to all leaders, managers, and supervisors (selected in point 1 above) to the BestPrax Community, an e-forum for sharing and growing Best Practices. What Kind Of Budget Is One Looking At?
INR 10,000 per self-assessment per management category.
INR 1,00,000 for a set of 12 self-assessments. Page 2 of 2
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