Vapso Innovations India Private Limited uses the Vapso Business Excellence Model (VBEM), which covers business aspects that range from strategy and leadership, to safety and climate change. Adapted from the renowned Malcolm Baldrige model, VBEM encourages continuous improvements through a formal system of benchmarking and assessment.
Vapso Business Excellence Model
Vapso Business Excellence Model (VBEM) matrix has been conceived to deliver strategic direction and drive business improvements at the company. Aimed at enabling Vapso Innovations Group capture the best global business processes and practices, the business excellence assessment model invests Vapso Innovations Group with the inherent dynamism to evolve and keep pace with ever-changing business performance parameters.
The main objectives of the Vapso business excellence model assessment methodology is to enhance value for all stakeholders and contribute to marketplace success, maximize enterprise-wide effectiveness and capabilities, and deliver organizational and personal learning.
The VBEM matrix is used for the organizational self-assessment of Vapso Innovations India Private Limited, recognition and awards, and for providing feedback to applicants.
In addition, VBEM plays three important supportive roles in strengthening the competitiveness of Vapso Innovations Group.
Improve Business Excellence Practices, Capabilities and Results
Facilitates communication with a common language of excellence and sharing of best practices among Vapso Innovations Group.
Serves as a working tool for understanding and managing performance, for providing planning guidance, and for identifying learning opportunities.
VBEM’s core values and concepts are embodied in the following seven categories:
- Strategic planning
- Customer focus
- Measurement, analysis and knowledge management
- Workforce focus
- Operations focus
- Business results
The VBEM initiative falls under the aegis of Vapso Business Excellence Group (VBExG), an in-house organization mandated to help different Vapso Innovations Group achieve their business excellence and improvement goals.
Vapso Business Excellence Group
Vapso Business Excellence Group (VBExG), a division of Vapso Innovations Group, is entrusted with the mandate to set standards of excellence and partner closely with group companies to help them achieve their business excellence and improvement goals. The company's vision is to 'To enable company to achieve industry leadership by 2030,' and its mission is 'To enable company to enhance performance and create long-term stakeholder value.'