Operational Excellence: Harmonising business goals and departmental priorities to create sustainable business

Abstract

Abstract Description Operational excellence is a methodology helping organisations grow and sustain operational standards in today's environment of government regulation and consumers', communities', and NGOs'expectation. Application Remember when collective wisdom said you cannot afford to improve quality? Now enlightened leaders believe that by combining quality, safety and a reduced environmental footprint, in a multi-functionaland systematic way, (operational excellence), you get improved business results for the long term. There are two premises that must be in place before approaching the integration of an Operational Excellence program: Focusing the entire organisation on a few common business objectives Safety is the best starting poing for Operation Excellence In order that practitioners gain a full understanding of the undertaking, we will then outlay some obstacles that can inhibit success: The continuing turbulence of financial markets makes many business leaders take a prohibitively myopic view ofimmediate survival only. Improving financial results and environmental results simultaneously is difficult to achieve and relies on a degree of belief. An overview of how to implement Operational Excellence covers the key practices of risk management, asset effectiveness and capital effectiveness, in combination with a strong change management program. Results, Observations, and Conclusions By identifying current and future drivers of business success, leaders can prepare their businesses for the slings and arrows of competition, regulators, activists and a changing market place.Examples from DuPont's own Operational Excellence are cited as proof points and an encouragement to those who would like to see their business attain long-term sustainability. This can only be accomplished comprehensively by adopting the principles of operational excellence. Significance of Subject Matter Operational Excellence offers the Oil and Gas industry an opportunity to integrate all operational elements to ensure a stronger, more sustainable business model rather than expending energy on discrete projects, dealing with each issue at a time. This session equips delegates with an understanding of why operational excellence is valuable methodology. To galvanise the resolve of all members of an executive team this is an important notion to understand, communicate and champion.