Driving Business Excellence in Local Food Business through Strategy Innovation
Jarde, Shrusti (2019)
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-201904245903
https://urn.fi/URN:NBN:fi:amk-201904245903
Tiivistelmä
The local food businesses in Baltic Sea Region are facing various challenges. It was important to identify approaches to address these challenges. The BSF project is/was undertaken with an objective to improve operational effectiveness by analyzing and creating improved business solutions for these local food businesses.
In order to design business solutions, it was important to understand current scenario, influencing strategic factors in local food businesses. While, to increase long term sustainability, business efficiency and to achieve competitive advantage, a successful implementation of developed business solutions is inevitable. One of the main objec- tives of this thesis was to propose an approach for effective implementation of these business solutions and to provide strategy implementation framework to measure their performance.
This study process involved multiple surveys, focus group interviews. The qualitative & quantitative findings provided valuable insights for building business models & helped directly in developing business excellence framework.
Various approaches aimed at achieving business excellence investigated & identified. In conclusion, ‘Conceptualization of business models through BEMs’ is proposed by using EFQM, Four Actions Framework. This innovative approach is aimed at prioriti- zation of strategies to yield better outcomes. Further, strategy measurement frame- work is developed using GE-McKinsey nine-box matrix to measure the performance.
This integrated approach with one or more strategy management tools with strategy innovation offers a greater flexibility & robustness. It assists in gaining competitive ad- vantage irrespective of industry.
In order to design business solutions, it was important to understand current scenario, influencing strategic factors in local food businesses. While, to increase long term sustainability, business efficiency and to achieve competitive advantage, a successful implementation of developed business solutions is inevitable. One of the main objec- tives of this thesis was to propose an approach for effective implementation of these business solutions and to provide strategy implementation framework to measure their performance.
This study process involved multiple surveys, focus group interviews. The qualitative & quantitative findings provided valuable insights for building business models & helped directly in developing business excellence framework.
Various approaches aimed at achieving business excellence investigated & identified. In conclusion, ‘Conceptualization of business models through BEMs’ is proposed by using EFQM, Four Actions Framework. This innovative approach is aimed at prioriti- zation of strategies to yield better outcomes. Further, strategy measurement frame- work is developed using GE-McKinsey nine-box matrix to measure the performance.
This integrated approach with one or more strategy management tools with strategy innovation offers a greater flexibility & robustness. It assists in gaining competitive ad- vantage irrespective of industry.