Preview

Ob Case Study Tbem Analysis

Powerful Essays
Open Document
Open Document
1005 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Ob Case Study Tbem Analysis
Introduction
Tata Motors Limited is an Indian multinational automotive corporation headquartered in Mumbai, India. It is the eighteenth largest motor vehicle manufacturing company in the world by volume. Part of the Tata Group, it was formerly known as TELCO (TATA Engineering and Locomotive Company). Its products include passenger cars, trucks, vans and coaches.
What are Business Excellence Models and why are they required?
Business excellence is the systematic use of quality management principles and tools in business management, with the goal of improving performance based on the principles of customer focus, stakeholder value, and process management. Key practices in business excellence applied across functional areas in an enterprise include continuous and breakthrough improvement, preventative management and management by facts. Some of the tools used are the balanced scorecard, Lean, the Six Sigma statistical tools, process management, and project management.
Business Excellence Models are models which are developed on the above philosophy. Generally, it is a national/international body which formulates these models for widespread adoption of the concepts of business excellence, which ultimately leads to improved national economic performance.
What is Tata Business Excellence Model (TBEM)?
The TBEM model is based on the Malcolm Baldridge National Quality Award for business excellence and principles of Balanced Score Card. It contains elements that enable companies following its directives, to capture the best of global business processes and practices. The model helps the companies to learn the ability to evolve and stay in step with ever-changing business performance parameters.
The TBEM matrix is used for the organisational self-assessment of Tata companies, recognition and awards, and for providing feedback to applicants. It helps improve business excellence practices, capabilities and results. It facilitates communication with a common language of

You May Also Find These Documents Helpful

  • Powerful Essays

    Bjb Business Plan

    • 2427 Words
    • 10 Pages

    Every company wants to be successful and with doing so there are many issues that have to be set and followed. Several ideas of success for BJB are quality, quantity, and production. BJB will establish a quality management system that will monitor every step in each process to ensure only the best quality, quantity, and production are made and every order is made for our customers and future customers. BJB selected Karoru Ishikawa‘s theory because his theory expressed the sentiments and principles about quality BJB managers would like to employ. BJB will address specifically how this theory will benefit the company and how the process is driven and will drive the customers to purchase the company’s product. BJB will also describe how the company will apply the quality requirements in manufacturing and in the service industries.…

    • 2427 Words
    • 10 Pages
    Powerful Essays
  • Powerful Essays

    Balanced Scorecard (hereafter known as BSC) is a performance measurement system that has been introduced to overcome the weaknesses of the traditional performance measurement systems. In the intense competition market, intangible assets of companies play a major role in creation of value for companies. (Nolan Norton Institute, 1991). Therefore, in order to improve the management of intangible assets, companies should incorporate measurement of intangible assets into the company’s performance measurement system (Kaplan, 2010). It was introduced as a performance…

    • 5989 Words
    • 24 Pages
    Powerful Essays
  • Better Essays

    In this paper I will be comparing another corporation that has gone through Total Quality management, while comparing them to the corporation that I am currently working for. Since I am starting a new venture and essentially in business for myself this has been an eye opener in things I can do to effectively run my business and empowering my staff. I will evaluate the mission statement of the corporation that I have examined comparing it with mine, I will also compare the TQ in relation to the business and marketing plan that I have set fourth for my company. I will discuss the characteristics of the corporation that I have chosen and compare them to the envisioned characteristics of my business. And finally I will discuss TQ and what I can do to incorporate this into by business plan.…

    • 1287 Words
    • 6 Pages
    Better Essays
  • Best Essays

    Riordan's Plan

    • 1371 Words
    • 6 Pages

    References: Breyfogle III, F. W. (2008). Integrated Enterprise Excellence (3rd ed.). Austin, TX: Bridgeway Books.…

    • 1371 Words
    • 6 Pages
    Best Essays
  • Good Essays

    Aligned with our three business priorities, Achieving Excellence’s methodology will guide every employee and their work area team through specific accomplishments defined under targeted best practices attributes.…

    • 1425 Words
    • 6 Pages
    Good Essays
  • Good Essays

    Excellence is something that we are taught to aspire since we begin our life. Make good choices and in tern, will lead to a better quality…

    • 559 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Kaplan, R.S. & D.P. Norton (1992). The balanced scorecard: Measures that drive performance. Harvard Business Review 70(1), 71-79.…

    • 4559 Words
    • 19 Pages
    Powerful Essays
  • Best Essays

    Performance management is a continuous process of identifying, measuring and developing the performance of individuals and teams and aligning performance with the strategic goals of the organisation (Herman Aguinis 2013). It also covers a broad range of factors that firms can encounter during a performance management program is being constructed that essentially help the benefit the organisations in effective job satisfaction and skills which can then assist in the company’s goal planning being reached. If companies become more are aware of models such as the , 360 degree feedback, competing values model and balanced score card model, it will assist their success for their performance processes to be much more effective in all areas of the company. The models vary from each other as they seek to measure different sectors of the organisations performance. The models use ‘tools such as job design, leadership development, training and reward systems’. (MSG, 2009)…

    • 4053 Words
    • 17 Pages
    Best Essays
  • Best Essays

    Innovation

    • 2282 Words
    • 10 Pages

    Mukherjee, T., & Pandit, S. (2009). Role of business balanced score card (BBSC) in performance management. Globsyn Management Journal, 3(1), 50-55. Retrieved from Business Source Complete database.…

    • 2282 Words
    • 10 Pages
    Best Essays
  • Satisfactory Essays

    EFQM

    • 759 Words
    • 4 Pages

    In the 20th century, there were different trends in how manage a company in order to achieve best results and profitability in the business. At the end of this century, the focus of the enterprises had changed, no longer focusing just in the amount of sales so as to be mayors’ product yields but also the quality of products to satisfied customer needs. Today, there are many models and standards to measure quality; among these is the EFQM model (European Foundation for Quality Management), which is the framework for Europe and the Malcolm Baldrige is an award that recognizes U.S. organizations in the business, health care, education, and nonprofit sectors for performance excellence. Is the EFQM model better than Beldrige model?…

    • 759 Words
    • 4 Pages
    Satisfactory Essays
  • Good Essays

    B2B Benchmarking Method

    • 425 Words
    • 2 Pages

    * It identifies best practices in key business processes and determines what constitutes superior performance…

    • 425 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    * The skill sets to succeed are quite different on different levels of responsibility in the firm. Nevertheless, in the introduced performance management model the evaluation criteria for Juniors, Associates, Vice Presidents, Principals and Managing Directors remain the same.…

    • 459 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Mcdonalds

    • 2157 Words
    • 9 Pages

    The EFQM Excellence Model is a practical tool to help organizations do this by measuring where they are on the path to excellence, helping them understand the gaps and then stimulating solutions. The EFQM Excellence Model is a non-prescriptive framework based on 9 criteria. Five of these are 'Enablers ' and four are 'Results '. The 'Enabler ' criteria cover what an…

    • 2157 Words
    • 9 Pages
    Powerful Essays
  • Satisfactory Essays

    Tata Consultancy Services

    • 2396 Words
    • 10 Pages

    This is to inform you that Tata Consultancy Services (TCS) is a purely merit-based employer. Please make a note of the following points:…

    • 2396 Words
    • 10 Pages
    Satisfactory Essays
  • Good Essays

    Ratan Tata

    • 572 Words
    • 3 Pages

    Excellence: We must constantly strive to achieve the highest possible standards in our day-to-day work and in the quality of the goods and services we provide.…

    • 572 Words
    • 3 Pages
    Good Essays