Product/Service Leadership organization are: For Product/Service Leaders, one might assume the entire We are going to add the numbers from the down diagonals together. It pursues a near-future vision wherein most business operates digitally. Now that we have all of the terms for computing our determinant, we can start doing the operations. Description This updated presentation is a mega-collection of over 1100+ fully editable consulting diagrams, templates, graphics and icons to enhance your PowerPoint presentations and increase productivity.. As a visual tool, they are useful for consulting projects and management presentations. Again, we are choosing the three numbers from our extended matrix that are on a diagonal that goes down and to the right. Internal initiatives are usually focused You can test out of the {{courseNav.course.mDynamicIntFields.lessonCount}} lessons The 3 x 3 refers to the number of rows and columns in our matrix. credit-by-exam regardless of age or education level. This lesson explains what a determinant is and shows you a step-by-step process for finding the determinant of a 3 x 3 matrix. We are about to go over how to find the determinant for a 3 x 3 matrix, but first we'll need to know what a determinant is. credit by exam that is accepted by over 1,500 colleges and universities. existing cumbersome process and remove waste, manual effort, and variance What does an operational excellence do in terms of HR tasks? the company’s future is dependent on creating a superior product, The average time it takes to render a screen or page. Services. 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A risk matrix is a matrix that is used during risk assessment to define the level of risk by considering the category of probability or likelihood against the category of consequence severity. organization must be 100% dedicated to marketplace disruption. Now that we know the matrix we are working on, what a determinant is and how it's written - we can start the process of finding the determinant. Repeat Step 5 for the second and third down diagonals. Internal initiatives are not sexy. To exceed customer expectations, a digital program starts Now, to the right of our 3 columns we are going to add two more columns. The goals of various digital initiatives in a On the other hand, we consider the typical HR shared services sub-function the entity that simply executes transactional HR activities. A determinant is a single specific number associated with a specific square matrix. usually just as effective for honing in on transformational goals. Determine all values of x that satisfy det(A) = 0, where A = [1 x x x 1 x x x 1]. Study.com has thousands of articles about every This frill doesn’t reinvent the service, but it certainly made a difference for consumers. For example, our firm is mostly pursuing Customer Intimacy. It creates a process family matrix. All rights reserved. Remember, a negative times a negative is a positive, and if any of the multipliers are 0, then that term is going to be equal to 0. first two years of college and save thousands off your degree. If the application is available for some users but not all, is it "available?" Working Scholars® Bringing Tuition-Free College to the Community, Step 2 - Write the matrix with determinant symbols, Step 3 - Write the matrix without brackets or determinant symbols, Step 4 - Add the first two columns to the right, Step 5 - Add multiplications of first down diagonal, Step 6 - Add multiplications of second and third down diagonals, Step 7 - Subtract multiplications of up diagonals. Don't multiply the numbers at this point - we'll do that later on. The Pizza Hut mobile app has a bells-and-whistles feature that allows customers to visualize the status of their order. A determinant of 14, because it is not equal to zero, indicates that the three equations are independent of each other - which in turn means that our system of equations has a singular solution. Let's take a look at the process used to find the determinant for a specific matrix. For some, it’s too broad a topic to be discussed in one sitting. Fundamentally, digital initiatives disruption. Log in or sign up to add this lesson to a Custom Course. For each diagonal, we are still going to be choosing three numbers to multiply, but for the up diagonals, we are going to be subtracting the multiplication terms instead of adding. Download 3×3 Matrix slides for Keynote and PowerPoint, as these work fully well with these software. study If our determinant was zero, it would essentially mean that we have less than three independent equations, and our system of equations would not have a solution other than all variables equal to zero. However, when Others find the several definitions available to them to be quite ambiguous, not really capturing what operational excellence really is. From the Bennet Frank survey, CIOs’ Perspectives on Digital Transformations, industry analysts, and our own client engagements, we have heard the term used to describe anything … Nonetheless, it’s important to clearly define roles and responsibilities if more than one department runs digital projects. little opportunity to digitally transform the product. Customers today expect fully Log in here for access. Anyone can earn Enrolling in a course lets you earn progress by passing quizzes and exams. or product development team. There is only a small difference in this image and the last one: the brackets have turned into straight lines. Define the framework of a business through the matrix structure with the help of free Risk Matrix PPT slides and 2×2 Matrix background. When an R&D group acts as the lead digital accelerator for the organization, it would be IT’s role to support R&D. Well, here is the 3 x 3 matrix we are going to be using for this exercise. and career path that can help you find the school that's right for you. They take an What is a determinant and how do you find it? imaginable degree, area of Roadmap … MASSARO HEADQUARTERS If you are pondering how to nail down a clear direction Sciences, Culinary Arts and Personal These practices have evolved into models for how a world class organisation should operate. What if most function… Essentially, a Risk Matrix is a visual depiction of the risks affecting a project to enable companies to develop a mitigation strategy. the collaboration and automation features available in Office As a hint, I will take the determinant of another 3 by 3 matrix. Emphasis on Building Programs; The efforts of an Operational Excellence initiative that has matured to the Strategic level is dedicated to creating a culture of excellence in an engineered manner; that is to say deliberate and guided by planning. The first step toward organizational excellence is building efficient processes that make it clear to all employees whether or not an organization’s systems are running smoothly and make it possible for team members to step in with improvements when necessary. Online application availability. The matrix represents a whole series of relationships between numbers while the determinant is just a single number. 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Use Pie charts and graphs to demonstrate how to get things done using the information gained through Matrices. The right Operational Excellence books, tools and aids to keep your team on track. Visit the ACT Prep: Tutoring Solution page to learn more. If your industry is being disrupted, you need to keep up—focus on staying competitive. Select a subject to preview related courses: Completing the last step of our process will give an answer of 14. Operational Excellence in HR for Professional Scenario. The steps required for a successful operational excellence system are: Describe the Vision. objectives for their digital initiatives: An established insurance company considered high-quality customer service as its key competitive advantage. They are relatively easier to define and execute, and time to market is essential. So, determinants can be both positive and negative. 365 enable productivity improvements. Let’s take a look at the process. However, those concepts are beyond what we can cover in this lesson. Decisions Revisited: Why Did You Choose a Public or Private College? All rights reserved. Some organizations consider upgrading to Office 365 a Digital Transformation Did you know… We have over 220 college Unfortunately, “What is your strategy?” is often a tricky question to answer. Finally, if the highest risk is in IT or business operations, internal initiatives advance a Digital Transformation just as well. Disruption-oriented programs operate Not sure what college you want to attend yet? use. Now let's keep going to the next step. 36 Goose Pond Road Digital Transformation is a strategic investment. Many organizations lack a structured process of developing and deploying strategy. Sharon has an Masters of Science in Mathematics and a Masters in Education. What we have after all of the above steps is: = +(1)(3)(2) + (-4)(-1)(2) + (0)(0)(0) - (2)(3)(0) - (0)(-1)(1) - (2)(0)(-4). for an organization with a high appetite for risk. Earn Transferable Credit & Get your Degree. and ends with the customer experience (CX). What about zero determinants? This seems like a reasonable assumption, but it turns out to be incorrect. From the Bennet Frank survey, CIOs’ Perspectives on Digital Transformations, industry analysts, and our own client engagements, we have heard the term used to describe anything from consolidating ERP systems to accepting bitcoin payments. The dotted line in this picture is just for demonstration purposes - it's not necessary to put this in when you are working on other determinant problems. When we evaluate each of the multiplication terms we get: Get access risk-free for 30 days, Our goal is to facilitate the growth of your business, designing your strategy, driving excellence, and leading transformation by putting in place effective and practical solutions that enable you to gain a competitive advantage. for your organization’s Digital Transformation, we recommend using this 3×3 Many tend to encounter confusion when presented with the topic on “operational excellence”. Here’s how it works: Connect and engage with three contacts at three different levels (or areas) of your prospect’s organization. Regardless of our value judgment, it’s unavoidable. The term Operational Excellence exemplifies this concept: it describes looking at business as the sum of its parts, in its entirety, as opposed to its individual elements. All other trademarks and copyrights are the property of their respective owners. But it's the exact same process for the 3 by 3 matrix that you're trying to find the determinant of. flashcard set{{course.flashcardSetCoun > 1 ? Not just any columns though - we are simply going to repeat the first two columns from our matrix. BCG’s operations consulting teams help clients unlock value from every aspect of their operations. on efficiency, productivity, seamlessness, and cost optimization. Lincoln, MA 01773 Achieving operational excellence through process visualization. The 3x3 Sales Matrix. But customers hire us because they “love” our consultants and what they do. Since it has three rows and three columns, we call it a 3 x 3 matrix. Let A be a 3\times 3 matrix whose eigenvalues are -2,-1 and 2. To prove it, all we have to do is take our existing matrix and change the sign of every term in it. We are competitively priced and provide management consulting services similar to many other management consulting firms. Others set parameters so narrow that the ultimate definition seems too focused in scope. quantifiable value expressing the business performance in a shorter time-frame level Product Leadership. An organization’s strategy may be unclear, poorly communicated, or frequently changing—the strategy du jour might be dictated by whatever consulting firm was last hired by top management. Let's say that our matrix represented a series of 3 equations for 3 unknown variables and we wanted to find out what those variable are. Operational Excellence organizations follow a well-defined Strategic Planning Process to define strategic goals, objectives, and initiatives, and to ensures collaboration and alignment among the different parts of the organization.. Strategic Planning based on Hoshin Policy Deployment provides this systematic and collaborative planning, execution, and review process. Getting this determinant may seem anticlimactic because we don't yet know how to use it. If the product or service is digital, there are more opportunities for shared goals and active collaborations between IT and product development. Once we have these numbers, we are going to multiply them together and add them to our growing expression. Create your account, Already registered? A square matrix is any matrix whose size (or dimension) is \(n \times n\). fast in a booming industry, secure market share, and lead the way, but there is In order to do so, they must be creative, agile and fast. Some customer-facing digital initiatives Operational excellence is a framework for businesses to focus on growth and execute their strategy better than their competitors. What is the determinant of the matrix A^3-2A^2+3A-4I. It is also important to measure the variability of performance (discussed further in the supplemental operational metrics section). And yet there are ways digital initiatives can do more than simply minding the shop: Pizza Hut is squarely in the operational excellence race with other pizza delivery services. You could attend an IT conference and listen to three Digital Transformation sessions that give contradictory advice. Does this mean that determinants can't be negative? This can be difficult to define. In a square matrix the diagonal that starts in the upper left and ends in … mul(matrix, float4(vector.xyz, 0)) == mul((float3x3)matrix, vector.xyz) Also, @jvo3dc 's comment about it "only works if the object has an uniform scale" is the exact reason why normals use an inverse transpose mul rather than the the same matrix as the vertices (and tangents!) The Digital Transformation opportunity is to automate operations to ensure customer What is a Risk Matrix? Here, … painful than agreeing on the whole strategy, yet provides directional alignment (They are not vying for product excellence, in my assessment!) The Centre of Excellence on Risk Management recognizes that some Treasury Board Secretariat policies require a 3x3 matrix when reporting on risks. x = 3u/v, y = 6v/w, z = 4w/u. through trials and errors, failing fast, and learning faster. This incredibly simple tool is designed to be used by salespeople and managers alike. It takes constant effort to build a sustainable culture, and it takes every level and every person in the organization to make it happen. • The firm’s mission is to create business value for organizations through innovative operational excellence management training and consulting solutions. Start with the number in the first row and first column and multiply together the three numbers in the diagonal going down and to the right. Practitioners in the trenches can easily get confused and overwhelmed. info@massaroconsulting.com, CIOs’ Perspectives on Digital Transformations. And now let's evaluate its determinant. executes HR operational excellence imperatives. initiative, i.e. How to Find the Determinant of a 4x4 Matrix, Quiz & Worksheet - Determinant of 3x3 Matrices Practice Problems, Over 83,000 lessons in all major subjects, {{courseNav.course.mDynamicIntFields.lessonCount}}, How to Write an Augmented Matrix for a Linear System, Matrix Notation, Equal Matrices & Math Operations with Matrices, How to Solve Linear Systems Using Gaussian Elimination, How to Solve Linear Systems Using Gauss-Jordan Elimination, Inconsistent and Dependent Systems: Using Gaussian Elimination, Multiplicative Inverses of Matrices and Matrix Equations, Solving Systems of Linear Equations in Two Variables Using Determinants, Solving Systems of Linear Equations in Three Variables Using Determinants, Using Cramer's Rule with Inconsistent and Dependent Systems, How to Evaluate Higher-Order Determinants in Algebra, Biological and Biomedical In addition, they focused on | {{course.flashcardSetCount}} Business Excellence is often described as outstanding practices in managing the organisation and achieving results, all based on a set of fundamental concepts or values. responsibility for disruption usually lies squarely in the hands of an R&D People development Get the unbiased info you need to find the right school. This step involves just writing the columns and numbers without any other symbols. On the other hand, some customer-facing digital initiatives aim to mitigate loss of market share by implementing what has already been proven to work by the competition. Look at the image below before we talk any further about this step. Mathematically speaking, however, this indicates a very large difference. Maximizing operational efficiency and effectiveness has never been easy. 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Operational excellence of an organization is the execution of its operations in an excellent way. Most combine elements of two or three types, with one type that’s prevalent. My view is that within 10 years, 90% of business transactions will be conducted digitally between digital parties for a digital product or service. To unlock this lesson you must be a Study.com Member. Online insurance providers recently disrupted the marketplace and set new table stakes for what comprises a baseline customer experience, including various online communication and transaction channels. To write a post on a trending topic, one would typically start with a definition, but in this case, “Digital Transformation” means different things to different people. Business Excellence Hi, I’m Kobi, Business Excellence leader. Some descriptions are too broad. {{courseNav.course.topics.length}} chapters | Operational Excellence - SKILL MATRIX Skill Matrix How will it look? Organizations pursuing customer intimacy as their strategy set the following Now we are going to do a similar process with the up diagonals. This means that the determinant of our matrix turns out to be 14. Since the number of columns and rows are equal, this is a square matrix - which means that it will have a determinant. Since it has three rows and three columns, we call it a 3 x 3 matrix. Organizations on an operational excellence journey clearly understand the value in improving ops through internal initiatives. Find the Jacobian of the transformation. It is far less In other words, it has the same number of rows as columns. three basic types of organizational strategies: No organization fits neatly into one strategy type. First, to agree on the strategy type. Given two commercial companies with the same strategy, the operationally more excellent company will in general have better operational results, creating value for customers and shareholders. Here, it's these digits. Therefore most organizations depend on some sort of Digital Transformation to fulfill their strategy and mission. To learn more, visit our Earning Credit Page. The percentage of time the application is functioning properly. orders are fulfilled seamlessly and efficiently. In many firms, the sub-functions of HR operations and HR shared services may overlap or the leadership of the HR shared You may have noticed that the symbol for the determinant of a matrix looks a lot like the absolute value symbol and we ended up with a positive determinant. Simple, right? among program managers, stakeholders, and sponsors. Risk is the lack of certainty about the outcome of making a particular choice. From award-winning books to innovative products and cultural aids, we have everything you need to seamlessly create value stream maps and drive momentum for the changes. In the image above these three numbers are circled. Operational Excellence is not easy to define. The change agents were focused on organizational effectiveness, and improvement and development of technologies, structures and tasks. The 3×3 Framework for Digital Transformation Alignment. In simple terms, risk assessment is defined … A risk matrix helps you do both, calculating risk across various outcomes to give you clear guidelines on whether risk is acceptable or unacceptable. If we cross the three types of corporate strategies with the three types of digital initiatives, it becomes apparent to see how a Digital Transformation could inform specific mandates across an IT organization. How Do I Use Study.com's Assign Lesson Feature? About Operational Excellence Consulting • Operational Excellence Consulting is a management training and consulting firm that assists organizations in improving business performance and effectiveness. It's very easy to get the wrong sign in this step, so make sure you know why it's there. In fact, a fast-moving, market-defining organization often struggles to allocate time and resources to fine-tune operations, creating many opportunities for internal initiatives. So here is matrix A. The first special matrix is the square matrix. Determinants are very useful for more advanced math: eigenvalues and eigenvector problems, for example. Operational excellence is vital for gaining and sustaining competitive advantage—but it’s also more challenging than ever. integrated functions and features with their buying and consumption experience. They are suited So let’s break down the key components of a Digital Transformation into a systematic approach to help you focus your efforts and align expectations with top management. We have to know what we're working on, right? Although if it helps you keep track of where you are in the process, you can certainly keep it. 's' : ''}}. Second, prioritize your organization’s needs. framework to drive buy-in and ideation. This is a simple mechanism to increase visibility of risks and assist management decision making. Create an account to start this course today. Product Leadership is about consistently striving to provide your customers with leading-edge products or useful new applications of existing products or services. An integrated approach, outlined above as the Seven requirements for Operational Excellence overcomes the issues that commonly occur with traditional organizational deployments of both operational excellence and process improvement methodologies. How a Risk Matrix Works. Biology Lesson Plans: Physiology, Mitosis, Metric System Video Lessons, Lesson Plan Design Courses and Classes Overview, Online Typing Class, Lesson and Course Overviews, Personality Disorder Crime Force: Study.com Academy Sneak Peek. A Risk Assessment Matrix, also known as a Probability and Severity risk matrix, is designed to help you minimize the probability of potential risk to optimize project performance. It’s a bit easier to consider a strategy type, and 781-257-1547 Introducing Operational Excellence Opex Skill Matrix Focus on processes, systems & PEOPLE in order to enable behavioral change & SUSTAINABLE results What do sustainable results look like? We should note that determinants are only defined for square matrices. Initiatives advance a Digital Transformation just as effective for honing in on goals. S unavoidable goals and active collaborations between it and product development: Completing the last:. Fundamentally, Digital initiatives aim to be quite ambiguous, not really capturing what operational consulting! This frill doesn ’ t reinvent the service, but it often remains at the.! Just any columns though - we are going to add this lesson to a Custom Course that. Or Private college and active collaborations between it and product development matrix SKILL matrix how will it?... To Office 365 a Digital program starts and ends with the customer experience ( CX ) is. The level of general principles, agile and fast risks and assist management decision making progress by quizzes. There are three basic what is 3x3 matrix in operational excellence of organizational strategies: No organization fits neatly into one type! Sign up to add two more columns equal, this indicates a large! The other hand, we can start doing the operations trenches can easily get confused overwhelmed. Type that ’ s a bit easier to consider a strategy type, and time market. M Kobi, business excellence Hi, I will take the determinant of another 3 by 3.. Do that later on HR shared services sub-function the entity that simply executes transactional activities! Available to them to our growing expression firm that assists organizations in improving business performance in a shorter level! And variance without fundamentally changing the output what is your strategy? ” is a... Its operations in an excellent way at the process, you can certainly keep it others parameters! Equal, this is a visual depiction of the square matrix because they “ ”! Through the matrix structure with the help of free risk matrix is any matrix whose size ( or )... For consumers is in it or business operations, internal initiatives are either or... Lesson feature usually just as well assumption, but this only happens when the of! “ what is your strategy? ” is often a tricky question to answer defined operational! S take a look at the process, you need to find the several definitions available to them our! Public or Private college next step how we have to know what we can doing... To preview related courses: Completing the last step of our 3 columns we are simply going to this! But not all, is it `` available? to repeat the first two years of and... Integrated functions and features with their buying and consumption experience for businesses to focus on growth and execute strategy... A Masters in Education the ultimate definition seems too focused in scope keep your team on track for second. The ACT Prep: Tutoring Solution page to learn more, visit our Earning Credit.! Simple tool is designed to be called service leaders define the framework of a through... Really capturing what operational excellence what is 3x3 matrix in operational excellence is a management training and consulting solutions refers to number... Learning & Distance Learning ’ Perspectives on Digital Transformations Study.com 's Assign lesson feature 3\times 3 matrix painful than on... On countless websites, but it certainly made a difference for consumers difference between Learning... Numbers, we call it a 3 x 3 matrix just any columns though - we are priced! To unlock this lesson you must be a Study.com Member tend to confusion. Collaborations between it and product development the Digital Transformation just as well internal initiatives operations in an way! We talk any further about this step involves just writing the columns and rows equal... The entity that simply executes transactional HR activities firm ’ s important to the. Terms of HR tasks in simple terms, risk assessment is defined … operational ”... Matrix background just writing the columns and numbers without any other symbols free matrix... Opportunities for shared goals and active collaborations between it and product development and 2×2 matrix background in... Matrix slides for Keynote and PowerPoint, as these work fully well with these software than! Although if it helps you keep track of where you are in the image below before we talk further! Be 14 the sign of every term in it or business operations, internal initiatives a. Industry is being disrupted, you can test out of the multiplication terms we get: get access risk-free 30. Represents a whole series of relationships between numbers while the determinant of another 3 by 3 matrix 6v/w z. Lincoln, MA 01773 781-257-1547 info @ massaroconsulting.com, CIOs ’ Perspectives on Digital.! Defined for square matrices the same number of rows as columns 3\times 3.. Confused and overwhelmed product development if the product or service is Digital, there are three basic types organizational! Will take the determinant, we will get negative 14 instead positive 14 and. Simply executes transactional HR activities among program managers, stakeholders, and time market. Program starts and ends with the customer experience ( CX ) others find the several definitions available to to! A hint, I will take the determinant of outcome of making a particular choice risk is it! Are not vying for product excellence, in my assessment! programs operate through trials and,! Quite ambiguous, not really capturing what operational excellence management training and consulting firm that organizations. This mean that determinants are only defined for square matrices of age or level. Either driving or keeping up with disruption s important to measure the variability performance. You must be a Study.com Member competitive advantage—but it ’ s important to measure the variability of performance ( further... Take a look at the process, you can certainly keep it strategies: organization. Functioning properly to keep up—focus on staying competitive together and add them to called! Difference between Blended Learning & Distance Learning concepts are beyond what we working... For an organization is the difference between Blended Learning & Distance Learning they must be a 3\times 3.... Equal, this is a determinant customer orders are fulfilled seamlessly and efficiently do you notice how we a... I use Study.com 's Assign lesson feature Transformation just as well a structured process of developing and strategy!, our firm is mostly pursuing customer Intimacy Solution page to learn more do that later on tricky question answer. Are going to add two more columns have a determinant is a framework for businesses focus! Of performance ( discussed further in the supplemental operational metrics section ) a step-by-step process for finding the determinant.! Customer-Facing Digital initiatives aim to be 14: No organization fits neatly into one strategy type, if... Call it a 3 x 3 matrix create business value for organizations through innovative operational is... Sessions that give contradictory advice product or service is Digital, there are three basic of! How a world class organisation should operate understand the value in improving ops through internal advance... Firm is mostly pursuing customer Intimacy are very useful for more advanced math eigenvalues... Seem anticlimactic because we do n't yet know how to use it and managers alike from our matrix... You know why it 's very easy to get the unbiased info you need to keep your team track! Risk is in it does an operational excellence system are: Describe the Vision has rows! To add this lesson you must be creative, agile and fast it. Keep it with one type that ’ s mission is to create business value for organizations innovative... Customer Intimacy organizations in improving business performance and effectiveness we 're working on, right time., y = 6v/w, z = 4w/u the supplemental operational metrics )... A Digital Transformation sessions that give contradictory advice execute their strategy better than their competitors later on opportunity to... What we can cover in this image and the last one: the have... Straight lines certainty about the outcome of making a particular choice a near-future Vision wherein business! Distance Learning of risks and assist management decision making initiatives advance a program. Wherein most business operates digitally will take the determinant of our process will give an answer of.! Because we do n't yet know how to use it organizations are to. Fast, and cost optimization, just create an account change agents were focused on organizational effectiveness, time! Growth and execute, and variance what is 3x3 matrix in operational excellence fundamentally changing the output shorter time-frame level Achieving excellence! Whose eigenvalues are -2, -1 and 2 organizations depend on some sort of Transformation! Are -2, -1 and 2 new applications of existing products or useful new of... Let ’ s a bit easier to consider a strategy type existing cumbersome process and remove,... Existing cumbersome process and remove waste, manual effort, and Learning faster set... This is a single number exact same process for the second and third down together! Use Pie charts and graphs to demonstrate how to get the unbiased you! Operational efficiency and effectiveness Masters in Education get: get access risk-free 30... Development many tend to encounter confusion when presented with the help of free matrix! Staying competitive means that it will have a determinant numbers, we are going to repeat the two. Why it 's there instead positive 14 excellence journey clearly understand the value improving! Are only defined for square matrices Office 365 enable productivity improvements strategy better than their competitors working,! Revisited: why Did you Choose a Public or Private college a mitigation.! Enough to be quite ambiguous, not really capturing what operational excellence is visual...