We believe that for a process to be effective it needs to pass the 5M test – its ability to measure, monitor, manage, motivate and monetise the underlying activity.
Every process within a SME should enable performance to be measured, monitored and managed. This is, after all, a widely accepted, decades-old business adage.
Today, though, processes should also be designed to:
Motivate – motivate the people responsible for undertaking the activity to or better than the agreed, targeted performance
Monetise – and, when necessary, quickly attract the capital required to maintain the activity at the desired level.
The objective is for the data to be captured in a seamless and fun way rather than stifle the SME and its people with bureaucracy.
This can be readily achieved by inserting the right technology into the processes.
The Benefits
Effective processes enhance the speed with which a business can identify an issue, understand how to best solve it and allocate the required capital to finance the solution.
Effective organisation ensures the processes, and any core messages involved in these processes, are coherent, consistent and co-ordinated.
To discuss how BOS could benefit your business call us today on 0330 022 6104
