Impact of Business Excellence Models on Organizational Performance

Impact of Business Excellence Models on Organizational Performance
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Impact of Business Excellence Models on Organizational Performance
Business excellence models refer to frameworks that are implemented by organizations to facilitate a more structured and systematic way of undertaking various activities, hence promoting a firm’s performance. They foster a company’s performance and are recognized globally. For instance, Malcolm Baldrige Award is a renowned business excellence model that facilitates strategic planning, process management, customer focus, and leadership when implemented in an organization. The combination of the above things promotes a firm’s performance and productivity.
By implementing business excellence models, an organization balances various processes, activities, and operations. Specifically, the management team recognizes things to include to promote proper leadership, facilitates strategic planning, and ensures that employees understand their roles and responsibilities well and that they compete when executing their duties (Zapata-Cantu, Delgado, & Gonzalez, 2016). In that light, the focus on a com...