Study: Performance Drivers 2024

WHEN IN CRISIS MODE, MANY ORGANIZATIONS LOSE SIGHT OF WHAT’S IMPORTANT

The often small-scale and rather knee-jerk reactions to the current polycrisis are increasingly taking up so much capacity in many organizations that long-term projects often fall by the wayside. According to the latest study “Performance Drivers 2024”, there are already three out of four organizations that have to cut back on implementing their strategic decisions. If they want to propel their business back towards high performance, though, organizations should abandon this passive attitude and instead systematically and courageously improve their performance.

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Your contact person

Wilhelm Goschy Chief Executive Officer STAUFEN.AG Phone: +49 7024 8056 0 E-Mail: kontakt@staufen.ag

About the Study

For this study, more than 200 industrial companies were surveyed in Germany, Austria, and Switzerland during the first quarter of 2024.

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RARELY HAVE ORGANIZATIONS BEEN FACED WITH SUCH A WIDE RANGE OF CHALLENGES

The results of the study show just how challenging the economic situation currently is in the German-speaking region. 83 percent of the organizations report that they have rarely had to face such a wide range of challenges throughout their history. The spectrum of burdening factors range from climate protection measures to geopolitical uncertainties and internal problems. The greatest challenges for industry relate to the shortage of skilled workers and the economic situation.

I’ll never be able to achieve sustainability when improving operational excellence if I only prioritize whatever provides the quickest payback. Sometimes this is a difficult argument to have, but there are things that an organization has to do out of conviction that in the long term will pay off by accelerating the pace of improvement.

Prof. Joachim Metternich, PTW Director at TU Darmstadt

KEY-INSIGHTS

Despite the current uncertainties, organizations are cautiously optimistic

Economic stability ranks highest up on the scale

Improving efficiency is the order of the day

Organizations must reduce their operating and procurement costs

New technologies are driving operational excellence

The path to a more resilient company starts with dedicated employees

AI, AUTOMATION, DATA ANALYSIS

Three out of four companies expect an economic boost as a result of the new technologies. The organizations assume that digitalization will now also deliver on its promise of great productivity.

ORGANIZATIONS SEE PROCESS OPTIMIZATION AS THE GREATEST LEVERS FOR PERFORMANCE IMPROVEMENT

If you want to drive your business back to top performance, you simply must stop being passive. Organizations are now called upon to boldly and purposefully increase their performance and thus realize the additional resources that are urgently needed to invest in digitalization, new markets, and new technologies.

Wilhelm Goschy, CEO Staufen AG

Erfolgsformel für Operational Excellence – Infografik

ORDER OF THE DAY: OPERATIONAL EXCELLENCE

In view of the increasing competitive challenges, operational excellence is consistently growing in significance. The results of this study underscores this as well.

An Operational Excellence strategy is not the sum total of each of the many single measures, but instead the product of process improvement, employee empowerment and managing an organization’s financial performance. This interplay is what ultimately leads to what we at Staufen understand as Operational Excellence.

Learn more about this in the article: The Success Formula for Operational Excellence

HAVE QUESTIONS? CONTACT US!

Your Digitalization Contact

Michael Feldmeth Principal STAUFEN.AG Phone: +49 7024 8056 0 E-Mail: M.Feldmeth@staufen.ag

Your Leadership Contact

Remco Peters Partner STAUFEN.AG Phone: +49 7024 8056 0 E-Mail: r.peters@staufen.ag

Your SCNM Contact

Canan Jungel Principal STAUFEN.AG Phone: +49 7024 8056 0 E-Mail: c.jungel@staufen.ag

Your Operational Excellence Contact

Martin Becker Partner STAUFEN.AG Phone: +49 7024 8056 0 E-Mail: M.becker@staufen.ag

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