The Meaning . . .
- It is an organizational approach to improve the quality and efficiency in the organization by means of employing optimal resources, from time to time by making small or incremental changes to systems and processes. Lean Management can be deployed with short and long-term goals, aimed at initiating continuous improvement for business growth.
- The guiding principles of lean management are
- Determining value from all stakeholders’ point of view.
- Identify the various steps in a process vis-a-vis resource deployment, and eliminate those extra cost centers, that do not add value in short or long term.
- Continuous implementation and re-implementation of the above steps until non-value steps are eliminated from the processes.
- A mentor will help the entrepreneur in meticulously working out the details of each process, identify the value element in them and establish newer steps to improve the quality and efficiency of the business.
Our Mentoring Envisages . . .
- Capacity Building is essential for making the business more efficient and stronger; to ensure the business’s preparedness to take up any challenge in the future. By means of capacity building, a business can implement a planned development in terms of knowledge, skills, performance, management capabilities and several other areas too. Capacity Building is very systematic and strategic process catering all aspects of business viz. – finance, human resource, technology, vendor management, customer management etc. Most of the businesses fail because of improper capacity building management.
- A mentor will essentially help the entrepreneur to evaluate management capabilities, the human resource bandwidth, and the business potential. Further, the mentor will aid the entrepreneur to draw a roadmap for a realistic capacity building exercise in sync with the current strengths and to be acquired strengths.
- Capacity Building is crucial to businesses, and the whole business scale up depends on the capacity Capacity Building broadly caters to horizontal and vertical capacity building. The path of Capacity Building can be organic (enhancing own strengths) or inorganic (by acquiring strengths), or a mixture of both.
- Business resources, especially human resources, have to be deployed in the most efficient way. Resource management basically aims at the optimal utilization of human resources in order to achieve business goals and sustain profitability. It is very important to match the tasks with skills of the people and manage it in such a way that there is effective utilization of skills without being overburdened or leading to down time of human resources.
- In other words, the primary objective of resource management is to ensure the availability of right resources for the right tasks at right time to achieve the business goals
- A mentor will guide the entrepreneur through process of
- Identifying the resources available and the goals to be achieved
- Organizing a structure to achieve the determined goals
- Facilitate the resources with enhanced skills through training and development
- Channelizing the efforts of the resources towards goal accomplishment
- Policies and procedures pertaining to each resource and their management, with continuous monitoring.