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Business Health Check

Business Health Check:

A Business Health Check is an intense, short duration review of the critical processes involved in a business or within an identified area of the business. It’s the sole aim is to identify opportunities to improve the efficiency and effectiveness of the business.

From our initial discussions with potential clients it is usually simple to identify a few areas of their business that could be improved. Often these obvious targets are just the results of other issues that remain hidden from view. In this way any improvement programme designed to eliminate the apparent problem will have only limited success and will not be the optimum solution.

To identify the underlying issues in a business we have found that a relatively short, but thorough audit may reveal numerous opportunities for increased profits and/or reduced costs and overheads. Such an audit will expose the underlying issues and ensure that any proposed solutions provide the best overall value for money.

Our systematic approach to these health checks also ensure that, both, our charges and any disruption to your business are kept to a minimum. The key objectives are to identify the following

  • Key performance improvement opportunities
  • Strengths and weaknesses and propose appropriate actions
  • Conflicts between the companies strategic plans and present implementation
  • Other aspects that will improve profitability or reduce costs
  • Provide guidance on other relevant programmes and further assistance

The Health Check provides a brief but intensive diagnostic study of the business. The level of effort required to carry out this process will depend on the size and complexity of the business and the overall scope of the Check.

The approach is structured but sufficiently general to be applied to a whole business or identified parts within it. When tackling an entire business the review will try to include all area of the organization and a range of different levels in order to identify differences in viewpoint and perceptions which are frequently the sources of issues and hold the potential for major improvements.

  • Financial issues

  • Company Culture

  • Structure

  • Internal Communication
  • Manufacturing process
  • Internal processes
  • Employees
  • Competitors
  • Technology
  • New Products/processes
  • Suppliers
  • Customers
  • Suppliers
  • H&S and the Environment
The process is split into three main phases,

Data gathering: Review of records/history, interview of staff, observation of processes and operation etc.

Analysis: Detailed analysis of data may include financial, statistical modelling. SWOT analysis etc.

Presentation of results: Verbal presentation explaining the process and giving a summary of the results and providing recommendations.

Option: A written report of the audit can be provided at an additional cost.

Health Checks can be specifically targeted to tackle a single area of the business or restricted range of topics. Such and approach will allow the analysts to delve deeper into the issues and hence provide a much more detailed review.
Butterfly
Related Topics:

Technical Auditing: To ensure that full "due diligence" is taken, these days it is essential that both the financial and technological sides of the business are effectively reviewed. Click here to find out more.

Business Excellence: Why not base your business  improvements on the current best practice? Click here to find out more.

Business Turnaround and Recovery: Some situations require quick and dramatic action to rescue a business and to put it back on the road to recovery. Click here to find out more

Process Improvement: Any organization is a collection of processes. Managing these processes to maximise the effectiveness and minimise waste is the key to the success of the organization. Click here to find out more.

 

Consulting with a Technological Edge

Petts Consulting Limited Company No. 4778188 VAT No. 762 7759 85
Registered Office: 32 The Jays, Ridgewood, Uckfield, East Sussex, TN22 5YG.
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