Most manufacturers are investing resources, time, and effort into improving their operations – yet few executives are satisfied with the results.
Why? Often it’s because improvement initiatives aren’t aligned with overall organizational objectives and management practices. A performance management system should include:
- Strategic clarity and alignment with what matters most to the company
- Standardized processes and practices that improve performance
- An educated, engaged, and empowered (3E) workforce, in which every employee becomes problem-solver
- Managers who are coaches, teachers, and mentors, encouraging innovative ways of thinking
- A culture of problem-solving and continuous improvement, in which initial successes — and the concepts and tools used to achieve them — are shared throughout the organization
Read the full article for an in-depth look at what an optimum performance system looks like and the impact to the bottom line.