Page 9 - The Pakistan Accountant

C O VER ST OR Y Enabling Insight towards the Challenges in Business Operational Performance  Zeeshan Iqbal Operational performance has become widely recognized operating at 100% efficiency and productivity, excellence and accepted as a critical success element for companies. becomes a given business goals and priorities no longer It is best described as the level at which all business units remain a wish-list. This should be an easy to achieve state in an organization work together to achieve core business in a perfect domain, in the end why would anybody not goals. Unlocking operational performance requires the want his organization to succeed or why would systems proliferation of transformational initiatives, motivated by and process not work at 100% efficiency? development, maturation and affordability of innovative solutions that allow businesses to transform, compete There is no. of obstacles inside the organization that and succeed. bound companies from attaining operational excellence and that includes. There are two primacies i.e. Revenue and Profit growth which were steadily displayed up in all reports of the Structural Silos (or Absence of Alliance) business. So, by what means do we ensure that our profits Constant enhancement can only happen and be are rising while staying focused on attaining revenue sustainable when there is a well-coordinated isometrics growth? This is where excellence in business operations that combines discrete steps into a joint effort. This is becomes critical. very challenging to do if each part in an organization acts individually and does not take into account how and Operational Excellence is an attitude of guidance, where other parts can contribute to their development collaboration and problem solving resulting in constant plans. When everybody take part and act as a team to improvement throughout the organization by focusing build and act on one strategy that has a common goal on the needs of the customer, empowering employees, and clear accountability for the steps necessary to and enhancing prevailing activities in the process. achieve that, operational policies would be so much When people, processes and systems in a business are easier to implement. The Pakistan Accountant | Apr-Jun 2014 7