Business Management Health Assessment (BMHA)
“Designed for the Manufacturing Industry”
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BUSINESS PLANNING & STRATEGIC ANALYSIS
Business & strategic planning is foundational for a manufacturer and organization.
There are a number of key management domains that are the building blocks for the business & strategic planning principle.
This week, we are reviewing three of eleven business management principle domains:
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- The Business Plan & direction
- Company Longevity
- Competition Analysis
The criticality of these elements is key to setting the foundation of a manufacturing organization. In this short business management principle topic, you will begin to get a feel for the importance of establishing operating policies, a simple and direct mission statement, a set of core values that supports what we call “the purpose of being” (what are you manufacturing, why and where you fit into the market).
The business plan drives company direction and is tactically linked to the product or service your company provides. It is of paramount importance that the business plan meets your medium and long-term company objectives. Especially for those who work there executing the plan into business reality. Your product or service needs to facilitate the organization’s aspirations for growth and sustainability for everyone.
This is then tied into the longevity of the company in what and how it executes the business plan.
In concert with the above, the leadership of the organization must be satisfying a niche offering and/or a product and service that is attractive to the customer base. The manufacturing industry is plentiful with commodity and specialty product manufacturing, assembly, and support manufacturers.
How your company benchmarks against the others is vital for survival, prosperity, and growth. How does yours measure up?
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.