Your Quality Circle

  Ask yourself — am I proactive or reactive ? Being former, I believe it’s better to be well prepared for what is to come instead of not being curious and letting things happen to you. I am a Lean Six Sigma Green Belt certified by Grant Thornton , and can certainly vouch for it from my experience. ·        Fresh : A student with no prior work experience, I was a clean slate which enabled me to grasp the sessions without any confining thoughts. I was curious and asked more questions. The trainer was equally enthusiastic and responsive. ·        Diversity: If your batch comprises of people from multiple specializations, it increases the quality of case studies being discussed. It is good to have knowledge about the domain you are interested in but even better to know what’s happening in other domains too. Our trainer explained that we would be interacting with people from various backgrounds, future is highly unc...

An organization does not operate in vacuum therefore it’s inevitable to not compare its capabilities against the best practices in the industry. Capabilities of a business refers to the competencies, skills, resources, and strategic assets that enables it to deliver value to customers, perform core functions and achieve goals. Benchmarking capabilities allows businesses to compare against the best in the industry. In this article we will discuss the steps involved in Capability Benchmarking. 1.Identify the area of focus: Determine the capabilities or areas that are to be benchmarked. It can be anything like a process, product, service, department, technology etc. It is here that you need an expert that can help you navigate your benchmarking plan further . Grant Thornton Bharat has a top-notch business excellence team that will help in Capability Diagnosis . They have 12+ years of industry experience and work in multiple domains. 2.Select Benchmarking Partners: These are rec...

  When a business claims to be “Sector Agnostic”, it means they are not limited to any specific industry or sector. They are flexible and adaptable across various sectors. The benefits of being sector-agnostic are as follows: 1.       Diversification : A business does not limit itself to a single sector. This helps to mitigate the risks associated with specific sectors that may experience downturns or economic fluctuations. Diversification spreads risk across multiple sectors, potentially stabilizing returns. 2.       Flexibility and Adaptability : Resources can be easily reallocated based on emerging trends, technological advancements, or evolving consumer demands. This adaptability helps seize new opportunities and navigate through challenges. 3.       Access to Emerging Opportunities : Innovations and disruptions often transcend industry boundaries and being sector agnostic enables businesses to cap...

  Agile Transformation refers to the process of inculcating agile methodologies in people, process, and technology in an organization. Promoting a culture of conscious attempt to follow agile principles in all aspects. There are undeniable benefits of this business excellence model, and a few are discussed below: 1.     Promptness: Breaking tasks into smaller parts makes it more manageable and faster to deliver, these are referred to as sprints. Doing this iteratively and encouraging regular feedback and adjustments leads to quick delivery. 2.     Customer Satisfaction: An organization has internal as well as external customers. Involving stakeholders in gaining feedback and suggestions helps in adaptation to change requirements and meet their expectations better. 3.     Internal collaboration & communication: Agile transformation promotes a team that is highly motivated and charged to work towards collective good in the org...