operational-excellence

Vocabulary Word

Definition

'Operational-excellence' is a way of working where things are done in the best possible way. It's about reducing waste, improving flow, and constantly striving for better.

Examples in Different Contexts

In healthcare, 'operational excellence' means delivering high-quality care efficiently. A hospital administrator might say, 'Operational excellence in our hospital translates to better patient care and lower healthcare costs.'

Practice Scenarios

Business

Scenario:

Our main objective is to increase value for our stakeholders. Therefore, we must review our operations and find ways to make them more efficient.

Response:

Let's invest in training our team and enhancing their skills to drive operational excellence.

Tech

Scenario:

The new update is causing system hiccups. We need to assure our customers that we aim for a glitch-free experience.

Response:

We should refactor our code for operational excellence and eliminate potential glitches.