{"id":915,"date":"2018-06-01T21:37:09","date_gmt":"2018-06-01T21:37:09","guid":{"rendered":"http:\/\/www.realworldconsulting.kiwi\/rwc\/?p=915"},"modified":"2018-06-04T22:30:35","modified_gmt":"2018-06-04T22:30:35","slug":"continuous-improvement-the-ongoing-process-of-monitoring-measuring-and-reviewing","status":"publish","type":"post","link":"https:\/\/www.realworldconsulting.kiwi\/rwc\/rwc-blog\/continuous-improvement-the-ongoing-process-of-monitoring-measuring-and-reviewing\/","title":{"rendered":"Continuous Improvement &#8211; the Ongoing Process of : Monitoring, Measuring and Reviewing"},"content":{"rendered":"<p><span style=\"font-size: 14pt;\">I continue to be surprised by the attempts of some organisations to &#8220;keep things the same&#8221; in an ever-changing world. What a waste of energy.<\/span><\/p>\n<p><span style=\"font-size: 14pt;\"><span style=\"color: #ff0000;\"><strong>Every single day of our lives<\/strong><\/span> we:<\/span><\/p>\n<p><span style=\"font-size: 14pt;\">a) Are subjected to change; and often<\/span><\/p>\n<p><span style=\"font-size: 14pt;\">b) Help influence change (either knowingly or unknowingly).<\/span><\/p>\n<p><span style=\"font-size: 14pt;\">This will always be the case throughout the evolution of mankind&#8230;it is an unavoidable fact. Those who embrace change, win and enjoy favourable rewards; those who don&#8217;t typically fall behind and sometimes go by the wayside.\u00a0<\/span><\/p>\n<p><span style=\"font-size: 14pt;\">Those businesses that look to cause\/ influence change are typically those that operate with a mindset of &#8220;<span style=\"color: #ff0000;\"><strong>continuous improvement<\/strong><\/span>&#8220;. They:<\/span><\/p>\n<ul>\n<li><span style=\"font-size: 14pt;\">Relish testing\/ pushing boundaries to uncover new frontiers of opportunity.<\/span><\/li>\n<li><span style=\"font-size: 14pt;\">Are not afraid to take reasonable risk.<\/span><\/li>\n<li><span style=\"font-size: 14pt;\">Are typically the ones that make groundbreaking discoveries &#8211; which often lead to significant comparative advantages for them.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-size: 14pt;\">How do they work their way along a path of &#8220;continuous improvement&#8221; ? It&#8217;s actually a very simple ongoing 3 stage process:<\/span><\/p>\n<p><span style=\"font-size: 14pt;\"><strong>Phase One &#8211;<\/strong> develop a new initiative (product\/ service), validate its likely market acceptance and launch it in the public domain. As a part of the implementation, develop a set of parameters\/ indices that allow for the measurement of the effect of the new initiative.<\/span><\/p>\n<p><span style=\"font-size: 14pt;\"><strong>Phase Two &#8211;<\/strong> monitor and measure the effect of the new initiative having entered the market. Many companies now use sophisticated Business Intelligence (BI) systems to objectively measure outcomes in accordance with a prescribed range of KPI&#8217;s; in the form of: product sell-through rates, unit sales, gross profit achievement, etc.<\/span><\/p>\n<p><span style=\"font-size: 14pt;\"><strong>Phase Three &#8211;<\/strong> using reports generated during Phase Two, review the data to understand how effective the initiative proved to be &#8211; in what areas\/ market segments, and to what extent. Consequently, decide upon any <strong><span style=\"color: #ff0000;\">modifications<\/span> <\/strong>that are deemed justified before re-releasing the initiative (product\/ service) into the market.<\/span><\/p>\n<p><span style=\"font-size: 14pt;\">And guess what the next step is ? That&#8217;s right, work through the above phases again. In this way, you are refining your product\/ service in accordance with what the signaled needs of target customers are&#8230;ultimately leading to a product\/ service offering that enjoys a high level of market acceptance.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>I continue to be surprised by the attempts of some organisations to &#8220;keep things the same&#8221; in an ever-changing world. What a waste of energy. Every single day of our lives we: a) Are subjected to change; and often b) Help influence change (either knowingly or unknowingly). This will always be the case throughout the evolution of mankind&#8230;it is an unavoidable fact. Those who embrace change, win and enjoy favourable rewards; those who don&#8217;t typically fall behind and sometimes go&hellip;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[],"_links":{"self":[{"href":"https:\/\/www.realworldconsulting.kiwi\/rwc\/wp-json\/wp\/v2\/posts\/915"}],"collection":[{"href":"https:\/\/www.realworldconsulting.kiwi\/rwc\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.realworldconsulting.kiwi\/rwc\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.realworldconsulting.kiwi\/rwc\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.realworldconsulting.kiwi\/rwc\/wp-json\/wp\/v2\/comments?post=915"}],"version-history":[{"count":2,"href":"https:\/\/www.realworldconsulting.kiwi\/rwc\/wp-json\/wp\/v2\/posts\/915\/revisions"}],"predecessor-version":[{"id":926,"href":"https:\/\/www.realworldconsulting.kiwi\/rwc\/wp-json\/wp\/v2\/posts\/915\/revisions\/926"}],"wp:attachment":[{"href":"https:\/\/www.realworldconsulting.kiwi\/rwc\/wp-json\/wp\/v2\/media?parent=915"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.realworldconsulting.kiwi\/rwc\/wp-json\/wp\/v2\/categories?post=915"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.realworldconsulting.kiwi\/rwc\/wp-json\/wp\/v2\/tags?post=915"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}