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BAROMETER - A tool for Good Governance

Without a meaningful mission, an organization has no purpose.

Without effective implementation of that mission, an organization fails.

Good governance is essential for both a meaningful mission and its effective

implementation.

The widely publicized failures and bad governance practices of some organizations

have caught the attention of the Indian government, regulatory bodies, business

community, and public at large. This has resulted in the formalization of new

standards of compliance, procedures, and disclosures with corresponding penalties

for failure to comply. Their ultimate objective is to set a higher standard of

accountability for the leadership of the governing boards of organizations.

These new standards and expectations of performance require boards to be aware

of Best Practices, have a better understanding of their role in reviewing,

approving, evaluating and, where needed, supporting the actions and decisions of

the CEO. The future will require more commitment, competency, and time on

behalf of board members. In time, governing boards could even be asked to

demonstrate (i.e. measure and disclose) whether the organization is being

effective in fulfilling its mission, and whether the board is effective in its

oversight responsibility.

Effectively speaking, Business Governance is an amalgamation of:

1. Leadership Governance

2. Management Governance

3. Operations Governance

Where And How Does One Start?

The BestPrax Barometer. The BestPrax Barometer is a series of 12 self-assessment

e-tools to measure the quality of implementation of Best Practices for business

governance. The 12 independent self-assessment tools address the following

management categories:

1. Leadership

2. Strategic Planning

3. Customer and Market Focus

4. Measurement, Analysis, and Knowledge Management

5. Cost of Poor Quality

6. Human Resource Focus

7. Value Creation Processes

8. Support Processes

9. Supplier and Partner Focus

10. Improvement and Innovation

11. Internal Quality Audits

12. Business Results

Strategic Partners

Global Benchmarking Network,

Germany

BPIR, New Zealand

Directors

Suresh Lulla

Founder & Consultant-Quality

Nelum Gidwani

Consultant-Finance

Walter Vieira

Consultant-Marketing

Homi Bhabha

Industrialist

Contact

Amit Kallianpur, Business Leader

BestPrax Club Pvt. Ltd.

4B Sindhu House

Nanabhai Lane, Fort

Mumbai 400 001, India

Phone: (91-22) 6634 8704

Fax: (91-22) 2204 4421

Email: info@bestpraxclub.com

A Qimpro Initiative

BestPrax ClubChallenge the Best, Leap to the Next

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Management

Governance

Operations

Governance

Business

Governance

Leadership

Governance

Each management category addresses 10 to 15 Best Practices. (Click for 135 Best

Practices)

Does One Need To Work With All E-Tools?

The answer is No. The BestPrax e-tools can be used in any combination

appropriate for the organization. The following is a suggested selection guide:

M A N A G E M E N T

C A T E G O R Y

1. Leadership

2. Strategic Planning

3. Customer and Market Focus

4. Measurement, Analysis, and Knowledge Management

5. Cost of Poor Quality

6. Human Resource Focus

7. Value Creation Processes

8. Support Processes

9. Supplier and Partner Focus

10. Improvement and Innovation

11. Internal Quality Audits

12. Business Results

What Does One Receive Per Self-Assessment?

The deliverables per self-assessment per management category are:

1. Up to 100 BestPrax Barometer logins for appropriate leaders, managers, and

supervisors to conduct a confidential, comprehensive self-assessment of the

organization, in flexible hours. (Additional logins are available on request).

2. A Feedback Report that presents (click for sample Feedback Report):

2.1. Methodology for scoring

2.2. Score for each Best Practice

2.3. Overall score for the management category

2.4. Perceived noteworthy practices

2.5. Perceived laggard practices

2.6. Prioritization of practices requiring improvement

2.7. Select case studies from the BestPrax Knowledge Base (supporting 2.6

above), to facilitate implementation.

3. Membership to all leaders, managers, and supervisors (selected in point 1 above)

to the BestPrax Community, an e-forum for sharing and growing Best Practices.

What Kind Of Budget Is One Looking At?

INR 10,000 per self-assessment per management category.

INR 1,00,000 for a set of 12 self-assessments.

Related Services

Knowledge Base

Full access to more than

1,000,000 articles that

support performance

excellence and business

governance

Creativity Labs

To generate a flood of

ideas, and harvest the

same for innovation of

management practices

Roundtables

Expert discussions on

business excellence

topics, perceived to be

grey

Cost Benchmarking Tool

A useful resource to

aggregate, and

benchmark the wasteful

costs in your organization

Community

An open, online

community for sharing

and growing best practices

Blog

An open space for growingsubtle dimensions of

business practices

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