Services Management - EFQM Excellence Model and Radar Logic Essay

Services Management - EFQM Excellence Model and Radar Logic - stress ExampleThe fundamental objective for the study is highlighting the effectiveness of the sample in the actual business scenario. Further, the paper will discuss the significance of the model which is the practical and objective approach to make operations of a company smash. The challenges and critique on the model which include the fact that mathematical details argon not inclusive will be highlighted. Since this is a secondary report, the main methods used to compile the report were library study and internet research. A eccentric study of Mr. Smith, a customer with Executive Bank PLC who lost valuables will be the basis of focus on how EFQM can be a regress tool. The findings on the case exposed the lack of proper communication by the operations and customer care department. The report recommends that the company should carry out opinionated checks on its operations and adopt a continuous improvement of syst ems. Secondly, proper staff and communication channels are recommended to avoid any future problem. plug-in of Contents Executive Summary Introduction EFQM Background Information Principles Value addition to the customer Creating sustainability Developing an organizational capability Harnessing creativity and innovation. Vision, integrity and inspiration Possessing agility Managing talent Continuous results Purpose of EFQM Significance Challenges and criticism of EFQM Case study Executive Bank PLC. Gold Card Protection Service realistic Causes of the Problem EFQM Solutions for the Gold Card Protection Service Developing an operational network Redesigning of the operations of the card service Prioritize issues Use of the EFQM Concept as an exemplification of the above Solutions Use of The Radar System Conclusion Recommendations References Further sources Introduction It is the objective of each organization or firm to offer whole tone services and satisfy all interested stakehold ers. Many models have been created to measure and control the performances of these firms at specified periods according to Afuah and Tucci (2003, p9). As effective as they whitethorn be, each of the models has been found to have a considerable degree of limitations. The most effective of these models ought to have three qualities that can be of use by the solicitude and employees namely innovation, collaboration and cooperation. It is obvious that service delivery executed at the highest level does not only satisfy a customer, it also motivates the employee to work better and give better results. The EFQM or European Framework for Quality management incorporates the three qualities that can harness these desired results in the service sectors such as banking and insurance. The model was launched in 1991 on the platform of eight fundamental concepts of quality management. With over 30,000 small and large organizations applying its principles, EFQM has proved to be not only accepte d but also an effective framework of management. This exercise focuses on EFQM principles and their significance, its critique and its application relates to a bank namely, Executive Bank PLC. EFQM Background Information later on the great depression of the 1930s and the emergence of new markets, organizations in America began to look for new ways of doing business. This was mostly motivated by the drive to do business in an effective and efficient manner. Research activities in various institutions were ongoing on the aspect of