黑料网

News

Companies must dare to adapt best practices to the market environment

The continuous development of firm operations is virtually a lifeline for companies affected by increasingly stringent competition.

The content of Ville Hallavo鈥檚 dissertation offers perspectives for the development of best practices by business enterprises.

Mr Hallavo shows in his dissertation that the lean approach is not appropriate for all business environments but rather for those whose demand is predictable. Agility, on the other hand, should be given emphasis when uncertainty of demand increases.

Simultaneous implementation of the lean approach and agility is impossible in practice. In an environment marked by consistently even demand, the attempt should be to achieve cost effectiveness by keeping the utilization rate high with regard to the supplier network, production, inventories and distribution; whereas conversely 鈥 under uncertain circumstances 鈥 one should strive for flexibility by keeping buffer resources available for surprising peaks in demand in all the above-mentioned supply chain areas.  

Ville Hallavo, M.Sc. (Econ. & Bus. Admin.), has examined various perspectives in his doctoral dissertation in the field of logistics at the Aalto University School of Business, focusing on the adaptability requirements of best practices, benchmarking diversity and research practices in the sector.

鈥楾he benefits of best practices are realized only if they suit the needs of the business environment. Best practices should not be applied as silver bullets under any circumstances: rather, they should be assessed in terms of their suitability for the business environment concerned,鈥 Ville Hallavo points out.

Enterprises must continuously develop their operations in order to preserve their competitive edge. Such approaches can be developed either by internal innovation or by learning from others, i.e. applying benchmarking. With the increasing prevalence of benchmarking, certain patterns of action have become entrenched in business life in what is called 鈥榖est practices鈥 鈥 by which means the competitiveness of companies has increased significantly. Recognition for best practices and their utilization rate has been promoted considerably by, for example, academic research and teaching, professional literature, global quality standards and business coaching programmes.

 鈥楢lthough the institutionalization of best practices has offered business life excellent tools for the development of business during the last few decades, companies shouldn鈥檛 take best practices as 鈥渦niversal truths鈥,鈥 Mr Hallavo cautions. 鈥業t's now or never for enterprises to dare to critically evaluate these best practices.鈥

Public examination of the dissertation

The doctoral dissertation on the subject of logistics by Ville Hallavo, M.Sc. (Econ. & Bus. Admin.)., The impact of context on benchmarking and best practices research, shall be examined at the Aalto University School of Business on Friday, 19 December 2014 at 12.00 noon (Chydenia building, Stora-Enso auditorium H-324). Professor Gyula Vastag (Sz茅chenyi University) and Professor Gy枚ngyi Kov谩cs (Hanken School of Economics) will act as opponents, and Professor Markku Kuula (Aalto University School of Business) will serve as custos.

Further information:

Ville Hallavo
tel. +358 50 3299669
ville.hallavo@accenture.com

  • Updated:
  • Published:
Share
URL copied!

Read more news

Abstract close-up of colourful glass with swirling patterns in orange, blue, and purple hues.
Research & Art, Studies Published:

New DPSP tool for doctoral studies to be published on 18 May

A new tool for preparing and handling the doctoral personal study plan for doctoral students and supervising professors
Kauppakorkeakoulun promootiokulkue 2022
Press releases, University Published:

The School of Business鈥檚 Ceremonial Conferment of degrees will bring festive atmosphere to the streets of T枚枚l枚 in May

A dignified celebration is held every five years. The public can watch the spectacular conferment procession in T枚枚l枚 on the afternoon of Friday 22 May
Abstract blue device with glowing orange grid and beam connecting two rectangular structures
Press releases Published:

Researchers measure energy below a zeptojoule鈥揺nough for a red blood cell to move a nanometer

A new method for measuring incredibly miniscule amounts of energy 鈥 less than a trillionth of a billionth of a joule 鈥 could give quantum computing and the hunt for dark matter a boost, while paving the way for counting individual photons.
Group of people sit around a wooden table discussing, with large maps pinned on the wall behind them.
Research & Art Published:

How trust in digital public services is being built together with migrants in Espoo

Digital public services are not equally accessible to everyone. In Espoo, the Trust-M research project is working to bridge this gap by developing services together with migrants.