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What is an Executive Champion?
An executive champion is a C-level executive who actively and vocally supports a particular initiative, project, or program. They use their influence, authority, and budget to advocate for, drive adoption of, and remove obstacles to the initiative. The executive champion…
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What is an Evolutionary Pathway?
An evolutionary pathway refers to the sequence of incremental, iterative changes made over time to improve and evolve a maturity model to meet emerging business needs. The Core Tenets of Evolutionary Pathway Why Evolutionary Pathway is important to business consultants…
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What is the Business Process Maturity Model for Human Resources (BPMM-HR)?
BPMM-HR is a framework that evaluates and benchmarks the maturity of an organization’s HR processes against industry best practices. It provides a structured approach for continuously improving and optimizing HR capabilities. The Core Tenets of BPMM-HR Why BPMM-HR is important…
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What is the Business Process Management Capability Framework (BPM-CF)?
Business Process Management Capability Framework (BPM-CF) is a structured collection of business process management practices that help organizations assess and improve their business process management capabilities. It provides a common vocabulary and understanding of capabilities that must be built to…
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What is Best-of-Breed?
Best-of-Breed refers to a methodology of selecting specific solutions from different vendors, rather than a single vendor, to create an integrated IT architecture optimized for the unique needs and priorities of an organization. Best-of-breed solutions are chosen based on their…
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What is Best-in-Class?
Best-in-Class refers to the highest-performing solution, product, or service in its category or industry. In the context of maturity models, Best-in-Class represents the top-tier level of maturity that organizations should aspire towards. It denotes industry-leading practices, capabilities, and outcomes. The…
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What is Best Practice?
Best practice refers to a method or technique that is accepted as superior to alternatives because it consistently produces superior results. Best practices represent the most effective and efficient ways of accomplishing a task based on repeatable procedures that have…
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What are Benchmarking Standards?
Benchmarking Standards are predefined criteria used to evaluate and compare the performance, processes, or products of an organization to those considered to be the standard within an industry or professional field. Benchmarking standards establish a baseline that organizations can use…
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What is a Benchmarking point?
A benchmarking point is a reference level of maturity used for comparative purposes in a maturity model. It allows organizations to measure their current maturity level against an established benchmark. The Core Tenets of a Benchmarking Point Why Benchmarking Points…
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What is a Business Model Maturity Model?
A business model maturity model is a framework for assessing and evolving a company’s business model, and evaluating its maturity in areas like innovation, value proposition, revenue streams, and customer segments. It provides a progression of maturity levels that allow…
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