Is Flexibility the Secret to Growth?

BRUSSELS, July 3, 2012 /PRNewswire/ --

EFQM announces the launch of a revised management framework

"The world is evolving quickly; so should our business models," says EFQM's Chief Executive Officer Pierre Cachet. The EFQM Excellence Model is developed by leading European organisations. It is used by over 30,000 companies across Europe and it is due to be revised to ensure it continues to reflect reality.

After its last revision in 2010, we have assessed 1633 organisations. Based on these analyses we conclude that, in order to excel, organisations need to focus on being flexible; to quickly and systematically identify and exploit opportunities to grow. The revised EFQM Excellence Model will reflect the need to transition from a disciplined to an agile corporate culture. Through our review, we hope to spur organisations to build flexible corporate structures.

"It's an evolution, not a revolution," declares Chief Operating Officer and project leader, Matt Fisher. "It is important for economic recovery that organisations and their leaders take responsibility and drive transformation, focusing on sustainability, future talent and taking a more strategic approach towards risk management. These are just a few examples of components that will receive more attention in our 2013 Model version. We will also simplify our management framework, making it easier for people to understand and implement."

The new Model will be announced on the 10^th of October at EFQM's annual Forum in Brussels.

About EFQM Excellence Model

The EFQM Excellence Model is a framework to drive and stimulate continuous improvement.  It is a tool that brings together all the different components of your management system (i.e. leadership, HR, Sustainability, customer results partnerships, etc.), giving you an overview of your current strengths and opportunities to grow.  The Model and our Foundation was developed and is still maintained by leading European organisations, such as BMW, Ricoh and Solvay.  Over 30,000 organisations in Europe currently use the Model to increase their performance and competitiveness. 

About EFQM  

To help you implement our Model, we provide training, assessment tools and recognition. However our real talent comes from gathering good practices and integrating those within our portfolio. EFQM, a not-for-profit membership Foundation, aims to share what works, through case studies, online seminars, working groups, conferences and thematic events. We nurture a network of world-class organisations and their leaders who share our passion for business excellence.

SOURCE EFQM