Efqm Model Essay

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Executive Summary For the attention of Executive Bank PLC CEO This report has been created to address whether the EFQM model can provide a framework for improving organizational performance at Executive Bank PLC. An increasing number of companies use a self-assessment framework in order to identify and improve their competitive position.The broad objective of the EFQM model isa framework organizations use to provide support for business excellence through a method of continuous improvement. A positive relationship exists between self-evaluation tools and models use and an improvement in organizational performance. Thus, through the use of the self-assessment framework, Executive Bank PLC will be able to gain considerable benefits, including higher quality organizational performance. The holistic approach of the model towards improving organizational performance provides a focus on the belief that success in one area of an organization is not adequate enough to achieve excellence in performance objectives. Executive Bank PLC has exhibited a number of problems that are closely aligned with a lack of a framework with which organizational performance can be properly assessed and improved. The EFQM model has been shown to confer a number of benefits that directly lead to improved performance. Thus, the recommendation of this report is that the adoption of the EFQM model can provide a framework for improving organizational performance and would be an effective and efficient way of managing Executive Bank PLC, and as such should be placed as a priority for the organization in the near future. Contents Introduction 4 The EFQM Model 5 How EFMQ improves performance 6 The self-assessment framework 6 The Holistic Approach to improving performance 9 The EFQM Model and improving performance at Executive Bank PLC 11 Implementation of the EFQM Model at

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