raising the bar.ded.ae/publicationsdocument/bed_ebm_newsletter_q3_2015.pdfraising the bar. volume 3...

19
Raising the bar. www.ebmbenchmarking.com Volume 3 (QUARTER 3, 2015) From the Editor While EBM-BPs have begun to reap the benefits of having shared on-line data and best practices, we are very excited about the forthcoming launch of the first ever EBM Benchmarking Visit. News about that will follow in the next issue after the event. We continue to run the EBM-BC sessions, and are forever grateful for your continued patronage. To date, we have run about a dozen sessions – across various topics under CSR, Leadership, Strategy, HR, Customer, Vendor – et all. EBM-BPs may look forward to an exciting new Quarter – the last one of the year. After the EBM-BV, we shall host the first Annual Forum towards the year-end to celebrate the initiative of Benchmarking in the region. In this issue, we are pleased to add another new feature – the favorite fun game of all times: The Crossword. Enjoy solving it over a cuppa. Do stay tuned to get the latest updates on business excellence within the UAE’s Business Community. All organisations interested in hosting an EBM-BV in 2016 may write to us at the earliest. The annual calendar for 2016 will be fixed by Dec. 31, 2015. For more news and other information, read on… -Indu Singhal, Director – Emirates Business Management International Consultants, Dubai. “There is a world of difference between a leadership that is based on love and respect, and one that is based on fear.” ― Mohammed bin Rashid Al Maktoum EBM-BP Member Update: At the end of the third quarter and into the fourth, we are now at the threshold of a new venture – the EBM Benchmarking Visits. We are pleased to announce the first EBM Benchmarking Visit that is scheduled for October 29, 2015. UAE Exchange Centre LLC is hosting this session and the topic is: Customer Experience Management. This will be followed by the next EBM Benchmarking Visit by Apparel Group. The topic is: Recruitment Process, Social Media and Automation of HR. Those organisations that may be interested in attending this session, may please download the EBM-BV Visitor’s Booking Form from your portal (www.ebmbenchmarking.com) and submit to us at the earliest. Another update to all EBM-BPs is that we shall now announce the entire calendar of Events for the year 2016 on your portal so that you can block your calendars well in advance. In this issue: - EBM BC – CSR - EBM BC – HR - EBM BC – Vendors - The Crossword – a brief on its history & some interesting related facts - Interview with Dubai First - Press Release - DEWA - Reader’s Contribution: Innovation Process & Linkage to Strategy (Part 2) - Humor Several new KPMs were added in the last quarter to accommodate the various calculation methodology for various perception data. New KPMs are getting added daily. Of special note is the KPM related to Conservation of the Planet – Carbon Footprint in keeping with Dubai’s Go Green objective. We urge all EBM-BPs to add this KPM to their list of subscribed KPMs and support this noble initiative from the Government of Dubai. The KPM can be found under: Society Performance Indicators -> Environmental Performance -> Carbon Footprint. You may get this number from your DEWA bills. New Feature The Crossword: We are happy to announce a new engaging feature from this issue onwards. A short story on the history of this century old fun game follows. Read on… ( Source: http://www.express.co.uk/life-style/life/448506/Many-a-cross-word-The-world-s-favourite-puzzle- celebrates-its-100th-birthday) In a New York newspaper office 100 years ago, a Liverpool-born journalist called Arthur Wynne had rather a good idea. Wynne was in charge of The World’s "Fun" supplement and he’d been asked to come up with a new game for Christmas. He did just that – and on December 21, 1913, the first “word-cross” puzzle hit the streets. There were no black squares as yet, and no across and down columns, but cruciverbalism – the art of the crossword – had been born. With delighted readers clamouring for more, Wynne’s invention became a weekly feature. And when the puzzles – now going by their more familiar name – were collected into a book a few years later, a national craze began. Songs such as Cross Word Mamma You Puzzle Me were on everyone’s lips, railway companies were printing crosswords on the backs of dining-car menus and providing their passengers with dictionaries, and a revue called Puzzles of 1925 packed them in on Broadway.

Upload: others

Post on 19-Apr-2020

1 views

Category:

Documents


0 download

TRANSCRIPT

Page 1: Raising the bar.ded.ae/PublicationsDocument/BED_EBM_Newsletter_Q3_2015.pdfRaising the bar. Volume 3 (QUARTER 3, 2015) PAGE2. reversals and elaborate wordplay. 2. Community at large

Raising the bar.

www.ebmbenchmarking.com Volume 3 (QUARTER 3, 2015)

From the Editor While EBM-BPs have begun to reap the benefits of having shared on-line data and best practices, we are very excited about the forthcoming launch of the first ever EBM Benchmarking Visit. News about that will follow in the next issue after the event.

We continue to run the EBM-BC sessions, and are forever grateful for your continued patronage. To date, we have run about a dozen sessions – across various topics under CSR, Leadership, Strategy, HR, Customer, Vendor – et all. EBM-BPs may look forward to an exciting new Quarter – the last one of the year. After the EBM-BV, we shall host the first Annual Forum towards the year-end to celebrate the initiative of Benchmarking in the region.

In this issue, we are pleased to add another new feature – the favorite fun game of all times: The Crossword. Enjoy solving it over a cuppa.

Do stay tuned to get the latest updates on business excellence within the UAE’s Business Community. All organisations interested in hosting an EBM-BV in 2016 may write to us at the earliest. The annual calendar for 2016 will be fixed by Dec. 31, 2015.

For more news and other information, read on…

-Indu Singhal, Director – Emirates Business Management International Consultants, Dubai.

“There is a world of difference between a leadership that is based on love and respect, and one

that is based on fear.”

― Mohammed bin Rashid Al Maktoum

EBM-BP Member Update: At the end of the third quarter and into the fourth, we are now at the threshold of a new venture – the EBM Benchmarking Visits. We are pleased to announce the first EBM Benchmarking Visit that is scheduled for October 29, 2015. UAE Exchange Centre LLC is hosting this session and the topic is: Customer Experience Management. This will be followed by the next EBM Benchmarking Visit by Apparel Group. The topic is: Recruitment Process, Social Media and Automation of HR. Those organisations that may be interested in attending this session, may please download the EBM-BV Visitor’s Booking Form from your portal (www.ebmbenchmarking.com) and submit to us at the earliest. Another update to all EBM-BPs is that we shall now announce the entire calendar of Events for the year 2016 on your portal so that you can block your calendars well in advance.

In this issue: - EBM BC – CSR - EBM BC – HR - EBM BC – Vendors - The Crossword – a brief

on its history & some interesting related facts

- Interview with Dubai First - Press Release - DEWA - Reader’s Contribution:

Innovation Process & Linkage to Strategy (Part 2)

- Humor

Several new KPMs were added in the last quarter to accommodate the various calculation methodology for various perception data. New KPMs are getting added daily. Of special note is the KPM related to Conservation of the Planet – Carbon Footprint in keeping with Dubai’s Go Green objective. We urge all EBM-BPs to add this KPM to their list of subscribed KPMs and support this noble initiative from the Government of Dubai. The KPM can be found under: Society Performance Indicators -> Environmental Performance -> Carbon Footprint. You may get this number from your DEWA bills. New Feature – The Crossword: We are happy to announce a new engaging feature from this issue onwards. A short story on the history of this century old fun game follows. Read on… (Source: http://www.express.co.uk/life-style/life/448506/Many-a-cross-word-The-world-s-favourite-puzzle-celebrates-its-100th-birthday) In a New York newspaper office 100 years ago, a Liverpool-born journalist called Arthur Wynne had rather a good idea. Wynne was in charge of The World’s "Fun" supplement and he’d been asked to come up with a new game for Christmas. He did just that – and on December 21, 1913, the first “word-cross” puzzle hit the streets. There were no black squares as yet, and no across and down columns, but cruciverbalism – the art of the crossword – had been born. With delighted readers clamouring for more, Wynne’s invention became a weekly feature. And when the puzzles – now going by their more familiar name – were collected into a book a few years later, a national craze began. Songs such as Cross Word Mamma You Puzzle Me were on everyone’s lips, railway companies were printing crosswords on the backs of dining-car menus and providing their passengers with dictionaries, and a revue called Puzzles of 1925 packed them in on Broadway.

Page 2: Raising the bar.ded.ae/PublicationsDocument/BED_EBM_Newsletter_Q3_2015.pdfRaising the bar. Volume 3 (QUARTER 3, 2015) PAGE2. reversals and elaborate wordplay. 2. Community at large

Raising the bar.

Volume 3 (QUARTER 3, 2015) PAGE2

First with the news in Britain was the Sunday Express, on November 2, 1924. With a few black squares now, and its clues marshalled into “horizontals” and “verticals”, Britain’s first crossword puzzle looked much more like the puzzles of today, and readers loved it.

By January 1925 an American newspaper was reporting: “The crossword puzzle craze has extended to Sandringham, where it is stated that Queen Mary has taken up the pastime. The lesser members of the royal family are also addicted to the word hunting game.”

Where the Sunday Express led, other newspapers were quick to follow – including The Times in 1930 – and gradually a distinctively British style of crossword began to emerge. While American clues remained straightforward, British compilers introduced such fiendish tricks as anagrams, reversals and elaborate wordplay.

So here we present our first Crossword with more to follow in each issue.

The Crossword

Answers to the crossword are elsewhere in this issue.

7. Bull's eye (6)

12. Group of people (jury, judges, experts) (5)

5. A person who buys goods (8)

10. Dubai Quality Award(3)

11. Key Performance Indicator(3)

Across

1. A corporate entity (8)

Down

2. Community at large (7)

8. Pictorial depiction of data (5)

9. On-going performance, statistical traits (5)

4. Main, Important, Significant (3)

1. Evalute with Comparison with a standard(9)

3. Analysis of Strengths, weaknessess… (4)

6. Consequence or outcome (6)

Page 3: Raising the bar.ded.ae/PublicationsDocument/BED_EBM_Newsletter_Q3_2015.pdfRaising the bar. Volume 3 (QUARTER 3, 2015) PAGE2. reversals and elaborate wordplay. 2. Community at large

Raising the bar.

Volume 3 (QUARTER 3, 2015) PAGE3

EBM BC – CSR (Contribution to Society), August 12, 2015: In keeping with the Holy spirit of Ramadan, we had

a fantastic session with eight different organisations presenting their respective approaches. These included: TECON,

Apparel Group, ADGAS, Thumbay Hospital - Ajman, Barakat Quality Plus, UAE Exchange Centre, Al Otaiba Transport,

and Dubai First.

In keeping with the mood of the presentations, active discussions took place after each presentation, facilitating clarity

on approaches. As before, all presentations were rated against various parameters. Dubai First won the Certificate of

Recognition for their approach. Hearty Congratulations to Dubai First!

Picture Gallery:

TECON:

Apparel Group:

Page 4: Raising the bar.ded.ae/PublicationsDocument/BED_EBM_Newsletter_Q3_2015.pdfRaising the bar. Volume 3 (QUARTER 3, 2015) PAGE2. reversals and elaborate wordplay. 2. Community at large

Raising the bar.

Volume 3 (QUARTER 3, 2015) PAGE4

ADGAS:

Thumbay Hospital – Ajman:

Page 5: Raising the bar.ded.ae/PublicationsDocument/BED_EBM_Newsletter_Q3_2015.pdfRaising the bar. Volume 3 (QUARTER 3, 2015) PAGE2. reversals and elaborate wordplay. 2. Community at large

Raising the bar.

Volume 3 (QUARTER 3, 2015) PAGE5

Barakat Quality Plus:

UAE Exchange:

Page 6: Raising the bar.ded.ae/PublicationsDocument/BED_EBM_Newsletter_Q3_2015.pdfRaising the bar. Volume 3 (QUARTER 3, 2015) PAGE2. reversals and elaborate wordplay. 2. Community at large

Raising the bar.

Volume 3 (QUARTER 3, 2015) PAGE6

AL OTAIBA TRANSPORT:

Dubai First:

Page 7: Raising the bar.ded.ae/PublicationsDocument/BED_EBM_Newsletter_Q3_2015.pdfRaising the bar. Volume 3 (QUARTER 3, 2015) PAGE2. reversals and elaborate wordplay. 2. Community at large

Raising the bar.

Volume 3 (QUARTER 3, 2015) PAGE7

EBM BC – HR (Competency Framework), August 31, 2015: The participants included:Apparel Group, Dubai

First, Jumeirah Creekside Hotel, and UAE Exchange Centre. In keeping with the mood of the presentations, active

discussions took place after each presentation, facilitating clarity on approaches.As before, all presentations were rated

against various parameters. Dubai First won the Certificate of Recognition for their approach. Hearty Congratulations

to Dubai First!

Picture Gallery:

APPAREL GROUP:

Dubai First:

Page 8: Raising the bar.ded.ae/PublicationsDocument/BED_EBM_Newsletter_Q3_2015.pdfRaising the bar. Volume 3 (QUARTER 3, 2015) PAGE2. reversals and elaborate wordplay. 2. Community at large

Raising the bar.

Volume 3 (QUARTER 3, 2015) PAGE8

Jumeirah Creekside Hotel:

UAE Exchange:

Page 9: Raising the bar.ded.ae/PublicationsDocument/BED_EBM_Newsletter_Q3_2015.pdfRaising the bar. Volume 3 (QUARTER 3, 2015) PAGE2. reversals and elaborate wordplay. 2. Community at large

Raising the bar.

Volume 3 (QUARTER 3, 2015) PAGE9

EBM BC – HR (Rewards and Recognitions), August 31, 2015: The participants included: British Orchard Nursery

– Mankhool, Dubai First,Thumbay Hospital – Ajman, India Club, Jumeirah Creekside Hoteland UAE Exchange Centre. As

always, all presentations were rated against various parameters. Jumeirah Creekside Hotelwon the Certificate of

Recognition for their approach. Hearty Congratulations toJumeirah Creekside Hotel!

Picture Gallery:

British Orchard Nursery

Dubai First:

Page 10: Raising the bar.ded.ae/PublicationsDocument/BED_EBM_Newsletter_Q3_2015.pdfRaising the bar. Volume 3 (QUARTER 3, 2015) PAGE2. reversals and elaborate wordplay. 2. Community at large

Raising the bar.

Volume 3 (QUARTER 3, 2015) PAGE10

Thumbay Hospital - Ajman:

India Club:

UAE Exchange:

Page 11: Raising the bar.ded.ae/PublicationsDocument/BED_EBM_Newsletter_Q3_2015.pdfRaising the bar. Volume 3 (QUARTER 3, 2015) PAGE2. reversals and elaborate wordplay. 2. Community at large

Raising the bar.

Volume 3 (QUARTER 3, 2015) PAGE11

Jumeirah Creekside Hotel:

EBM BC – Vendors (Vendor Selection), September 17, 2015: The participants included: Dubai First, Dutco

Balfour Beatty LLC, Thumbay Hospital – Ajman, and Al Otaiba Transport. All presentations were rated against various

parameters. Dutco Balfour Beatty LLC won the Certificate of Recognition for their approach. Hearty Congratulations

to Dutco Balfour Beatty LLC!

Picture Gallery:

Dubai First:

Page 12: Raising the bar.ded.ae/PublicationsDocument/BED_EBM_Newsletter_Q3_2015.pdfRaising the bar. Volume 3 (QUARTER 3, 2015) PAGE2. reversals and elaborate wordplay. 2. Community at large

Raising the bar.

Volume 3 (QUARTER 3, 2015) PAGE12

Dutco Balfour Beatty:

Thumbay Hospital, Ajman:

AL OTAIBA TRANSPORT:

Page 13: Raising the bar.ded.ae/PublicationsDocument/BED_EBM_Newsletter_Q3_2015.pdfRaising the bar. Volume 3 (QUARTER 3, 2015) PAGE2. reversals and elaborate wordplay. 2. Community at large

Raising the bar.

Volume 3 (QUARTER 3, 2015) PAGE13

EBM BC – Vendors (Joint Improvements with Vendors), September 17, 2015: The participants included:

Dubai Silicon Oasis, Dubai First and Thumbay Hospital – Ajman. All presentations were rated against various parameters.

Dubai First won the Certificate of Recognition for their approach. Hearty Congratulations to Dubai First!

Picture Gallery:

Dubai Silicon Oasis:

Dubai First:

Page 14: Raising the bar.ded.ae/PublicationsDocument/BED_EBM_Newsletter_Q3_2015.pdfRaising the bar. Volume 3 (QUARTER 3, 2015) PAGE2. reversals and elaborate wordplay. 2. Community at large

Raising the bar.

Volume 3 (QUARTER 3, 2015) PAGE14

Thumbay Hospital, Ajman:

INTERVIEW – With Dubai First on their marathon wins… It has been a while since the months are swinging by, and EBM-BC sessions have been going in in full force. One after the other, we witnessed excellent and winning presentations from Dubai First. In fact, 5 times winner in a row! The audience has been clearly appreciative of their presentations, and have taken home a lot of learning. So the EBM-BP team decided to meet up with Dubai First to get a firsthand update on what makes them tick. We met Mr. Saji Dominic, Head of Operation & Lead – Project PRIME. The following paragraphs are a result of our discussion. Indu Singhal: Congratulations on having received back to back repeat Certificates of

Recognition for your participation in and active contribution towards the EBM Benchmarking

Clubs. Please tell us how you feel about this commendable achievement.

Saji Dominic: We are deeply honored to receive the Certificates of Recognition and thrilled that our little steps towards

quality excellence are being recognized and regarded favorably by peers from diverse industries. I feel that the Companies

striving for DQA are fortunate to have the encouragement and support offered by recognitions such as these. These

recognitions represent an important milestone for the promotion of quality culture within the organization as they not

only increase visibility in the wider community, but also offer reassurance that going through years of quality-instilling

process has been worthwhile. Receiving the certificates has deepened our commitment to continue pursuing excellence.

I would like to thank DED-EBM team for their continuing support and hope that the benchmarking club will continue to

stimulate companies in UAE to seek excellence in the way they conduct business.

Mr. Saji Dominic, Head of Operation & Lead – Project

PRIME, Dubai First.

Page 15: Raising the bar.ded.ae/PublicationsDocument/BED_EBM_Newsletter_Q3_2015.pdfRaising the bar. Volume 3 (QUARTER 3, 2015) PAGE2. reversals and elaborate wordplay. 2. Community at large

Raising the bar.

Volume 3 (QUARTER 3, 2015) PAGE15

Indu Singhal: What do you attribute this success to?

Saji Dominic: When we started our journey in 2013, our vision was to make Dubai First one of the leading consumer

finance companies in the region. I attribute our achievements to the far-sighted vision of our Chairperson, Ms. Hana Al

Rostamani. Our Chairperson had set the company’s tone & direction and defined its performance culture that will provide

an appropriate environment for full engagement of all members of the organization and honing our focus on excellence.

Secondly I can attribute a lot of our success to our CEO and the Group Leaders who are passionate about everything they

do. Providing excellence is a team effort, and I view our people as our single most important asset. No business can be

successful without loyal customers. Therefore, I would like to express my gratitude to our customers who have

consistently encouraged us with their trust and believed in our quality commitment and transformed us to a preferred

brand.

Indu Singhal: How do you motivate your teams to deliver high performance?

Saji Dominic: I believe that we need to vary the ways you motivate people and also recognize that motivation is individual, unique and specific, as there is no ‘one size fits all’. By combining good motivational practices with meaningful work, setting of performance goals and use of an effective rewards & recognition system, you can establish the kind of atmosphere and culture in one’s organization that is needed to produce superior performance. The better you are able to link these factors together, the higher the motivation levels. That's a win-win for you, them and the company. Also, we empower individual managers to motivate those around them, forming cohesive & energetic teams with shared values, a shared vision and a clear strategy for achieving shared objectives. It is a combination of these approaches that enables us to keep the staff engaged and productive.

Indu Singhal: How does Dubai First plan to take this sharing of good practices forward in the future?

Saji Dominic: Dubai First has a unique character, with an appropriate image and identity that instills a sense of pride, purpose and dedication for the individual employee and the community at large. Adopting benchmarked practices always keeps us on our toes to deliver excellence. Going forward, we intend to take advantage of the numerous lessons learned through shared practices, treat our challenges seriously, and continue to boost awareness and exposure to continuous quality improvement practice. This approach will enable Dubai First to be more efficient, flexible, and sustainable—thereby offering the best value to its stakeholders.

Indu Singhal: How has participating in the EBM Benchmarking Clubs been of benefit to Dubai First?

Saji Dominic: Participation in the EBM Benchmarking Clubs has immensely benefited Dubai First and has become a

significant & vital part of the ‘internal practice feedback’ system. It has allowed identification of efficiencies and

opportunities benchmarked against other players in the market. We gained an exposure to various types of quality

indicators established and practiced by competitors, industry leaders and other similar organizations. We were able to

identify our strengths and weaknesses, which assisted us to develop action plans that helped improve our processes and

achieve better results. The EBM Benchmarking Club has given an opportunity for companies like ours to demonstrate

evidence of performance improvement on an ongoing basis.

Indu Singhal: Thank you for your time and comments. Any message you wish to share with our readers?

Saji Dominic: I would strongly urge all companies to actively participate in the EBM Benchmarking sessions so that they

can continually assess their strengths and weaknesses in key areas of performance within their own institution and

compare it to others. Such participation will help identify opportunities for improving process / systems and ultimately

demonstrate a sustained level of performance improvement.

Page 16: Raising the bar.ded.ae/PublicationsDocument/BED_EBM_Newsletter_Q3_2015.pdfRaising the bar. Volume 3 (QUARTER 3, 2015) PAGE2. reversals and elaborate wordplay. 2. Community at large

Raising the bar.

Volume 3 (QUARTER 3, 2015) PAGE16

PRESS RELEASE: DEWA’s Journey to Sustainable Excellence

Dubai, UAE, October 2015:

Dubai Electricity and Water Authority is committed to Sustainable Excellence and its ongoing efforts to engage

and motivate the employees to apply the concepts and fundamentals of Excellence in order to fulfil and exceed

the expectations of the Stakeholders.

As part of the vision of His Highness Sheikh Mohammed to promote Sustainable Excellence and identify the

needs of citizens and residents to ensure a brighter, happier future for Dubai, and in line with UAE Vision 2021

and the Dubai Plan 2021, which have set a roadmap incorporating ambitious initiatives and development

projects to support economic growth and ensure sustainability of energy and a clean and maintained

environment, and the vision of DEWA to become a “Sustainable innovative world-class utility”, in DEWA we

are working to provide the finest government services and achieve the highest satisfaction rates.

HE Saeed Mohammed Al Tayer, MD & CEO of DEWA said: “In DEWA we are proud of the achievements and

successes of different levels of Sustainable Excellence, and the numerous awards it has received. These

achievements are the results of the efforts of our outstanding staff who are adopting Sustainable Excellence

criteria in all operations throughout the organisation. Therefore as a result DEWA has become a role model in

efficiency, performance, and excellent services.

DEWA, as a government organisation, has contributed to the success story of Dubai and the UAE by upgrading electricity and water services to very high levels. This is reflected in numerous international achievements as far as efficiency and reliability are concerned, such as DEWA increased its installed electricity generation capacity from 1,002MW in 1990 to 9,656MW today. As for water, DEWA’s current installed capacity is 470 million imperial gallons of desalinated water per day, compared with 66 million imperial gallons of water per day in 1992. DEWA’s electricity peak load is 7,696 MW. The water peak load is 337 million gallons of desalinated water daily.

DEWA reduced network losses in its electricity transmission and distribution networks to 3.26%, compared to 6-7% in Europe and the United States.

The water losses are 9.1% compared with 15% in North America.

DEWA also managed to improve the ratio of production efficiency for electricity and water to 28.36% in

2014, compared with 2006.

Page 17: Raising the bar.ded.ae/PublicationsDocument/BED_EBM_Newsletter_Q3_2015.pdfRaising the bar. Volume 3 (QUARTER 3, 2015) PAGE2. reversals and elaborate wordplay. 2. Community at large

Raising the bar.

Volume 3 (QUARTER 3, 2015) PAGE17

Reader’s Contribution: Innovation Process & Linkage to Strategy (Part 2) (Refer to last issue for

Part 1)

Innovation linkage

1) Customer Perspective

i) The specific performance attribute of product and services dominates the performance of competitive

offering. Example – For display – Clarity, brightness, power consumption and critical attributes

ii) The value proposition in the time at which the enhanced functionality becomes available to customer.

An objective of being First-To-The-Market with new product, service is an important source of

revenue and growth in margin. .

iii) Extending existing or new products to the new market.

Customer objective and measure encompasses functionality, timeline and market innovation.

Example

2) Financial Perspective

Financial objective of the innovation relates to revenue growth and enhanced margin from the new product,

services. Innovation is not often associated with the productivity and cost reduction.

Customer Perspective

Financial

Learning & Growth

Objective – First-To-The-Market with new

product,

Measure – Lead time relative to competition

Inn

ova

tio

n

Page 18: Raising the bar.ded.ae/PublicationsDocument/BED_EBM_Newsletter_Q3_2015.pdfRaising the bar. Volume 3 (QUARTER 3, 2015) PAGE2. reversals and elaborate wordplay. 2. Community at large

Raising the bar.

Volume 3 (QUARTER 3, 2015) PAGE18

Example

3) Learning & Growth

For fostering effective innovative process competencies, technology and organizational climate are very

important. Innovation requires deep expertise in the underlying science and technology for the new product.

Companies must have appropriate mix of skills required to develop next generation of products, services.

Innovation process covers multiple functions, thus healthy and effective communication is must among functions.

Such integration enhances functionalities, launch time, quality and manufacturing cost of new product.

Organizational capital like team work, culture, skills plays vital role in innovation.

Example

There are no old roads to new directions. Innovation is something without which organizations cannot

sustain for long. Well defined innovative strategies are required for the innovation.

(Contribution by: Neetu Choudhary, [email protected])

Reference – Balanced Scorecard and Strategy Focused Organization by by Robert S. Kaplan & David P.

Norton, The Strategy Book by Max Mckeown

Page 19: Raising the bar.ded.ae/PublicationsDocument/BED_EBM_Newsletter_Q3_2015.pdfRaising the bar. Volume 3 (QUARTER 3, 2015) PAGE2. reversals and elaborate wordplay. 2. Community at large

Raising the bar.

Volume 3 (QUARTER 3, 2015) PAGE19

The Crossword Answer:

This newsletter is for private circulation only & not meant for public at large.

While precaution has been take to ensure the accuracy of the contents of our magazine, neither the editors, publishers nor its

agents can accept responsibility for damages or injury which may arise there from. Individual contributions to the magazine

express the opinions of discrete authors unless explicitly labeled otherwise in a subheading. The inclusion of a particular piece in

the magazine does not mean that individual staff members or editors concur with the editorial positions represented therein.

No part may be reproduced or distributed in any form without prior written consent from the Editor’s office.

We invite our members to send in their contributions for

future editions of the EBM-BP Quarterly Newsletter.

Those who are interested in sending in their articles,

quotes, information, etc. may contact us via email on

[email protected].

You may also contact us on the same address if you wish

to place your advertisement here. For rates, you may

visit our website (www.ebmbenchmarking.com) or send

us an email and we would be happy to revert with a plan

for you.

Until the next issue then…

From the EBM-BP Team

HUMOR