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NewsAnother Venturehaus client scoops prize at 2010 Process Excellence AwardsLondon, 24th May 2010 We’d like to congratulate Standard Life on winning this year’s award for the “Best Start Up Process Improvement Programme”. Bruce Reekie, Head of Business Process Management for Standard Life, collected the award together with his team at the 11th Annual Process Excellence Summit in London in April (see picture).  Alan Noble, Managing Director of Venturehaus, said “we are very pleased that Standard Life has won this award and are very proud to have helped develop their Business Process Management programme from the beginning. It is always satisfying to see that a programme as successful as this not only receives plaudits for its achievements within its own organisation but is also recognised as exemplary by the process improvement community as a whole”. Standard Life joins several other Venturehaus clients to have won Process Excellence Awards. In 2005 Barclays Bank won the “Best defect elimination in a service and transaction project” award, and was also nominated for the “Most innovative Six Sigma project”. In 2007, Barclays Wealth took both top and second prizes in the “Best Operational Excellence project in Financial Services” category. And in 2008, ABN Amro won an award in the same category. Over £10,900 raised by City professionals for Help for Heroes London, 28th September 2009 On 17th September, over 100 financial services professionals and ex-servicemen and women joined ranks at New Broad Street House in order to raise money for Help for Heroes. Major Phil Packer, despite being told he would never walk again after an incident in Basra last year, has recently climbed El Capitan and walked the London Marathon to raise funds for rehabilitation programmes and resources at Headley Court. At this evening reception, he attempted his most nerve racking feat ever – presenting to friends and colleagues of Venturehaus! Phil’s determination in the face of seemingly insurmountable odds, coupled with his ever-present sense of humour, ensured that what he had to say did not fall on deaf ears. Thanks to his heart rending presentation, the attendees donated huge sums to the cause, totalling over £10,900.  This amount was aided by an auction of some very special prizes donated by various companies, from restaurant dinners, to signed shirts and books, to sporting event tickets. The generosity of everyone present was clear for all to see as the amounts were raised higher and higher. Steve McDowell, Editor in Chief of Interactive Investor, handled the jostling and barracking with an expert auctioneer’s hand, ensuring that every prize achieved its full worth. The evening was organised by Venturehaus but could not have happened without the generous support of many other companies and individuals who all gave their time and resources for free so that every penny raised could go direct to the charity. Our sincere thanks go to Interactive Investor, New Broad Street House, Balls Brothers, Tastes Catering, Jellyfish Creative, Gorkana, Cad and the Dandy, London Wasps Rugby club, Knologo Ltd, Gow’s and the Football Association, as well as many individuals who contributed their time and effort to make this evening a true success. To help Venturehaus with our mission to raise funds for Help for Heroes, please donate through  www.justgiving.com/venturehaus.
It will be very gratefully received. For more information about this event and our future events for Help for Heroes, please contact info@venturehaus.com
Paul Henry raises £500 for Help for Heroes in the London Rowing Marathon London, 30th April 2009 Paul Henry, Venturehaus’ Director of Lean, took his job title a little too seriously at the weekend by becoming the company’s leanest (fittest) employee – as well as the 22nd fastest marathon rower in the world in his age group. While the streets of London were being pounded by 35,000+ marathon runners in the Flora London marathon, inside the gyms a rather different sort of marathon was taking place, attracting hundreds of indoor rowers worldwide to take up the “oars”. A former RAF officer, Paul completed the gruelling 26 miles in a staggering 2 hours and 52 minutes, which places him as the 22nd fastest marathon rower in the world. It would seem he is just as surprised at this fact as the rest of us!  A
tired-looking Paul (right) completes the marathon along with his
training partner Phil.His fantastic achievement was part of the charity work Venturehaus has been doing since 2008 to raise funds for Help for Heroes. Through the extra £500 Paul has raised with friends and colleagues, the current total of donations stands at £3337. For more information on our other charity events or to make a donation please click
here to be redirected to our JustGiving site. Venturehaus launches a new Benchmark for financial institutions London, 7th April 2009 A new market-based benchmark for financial institutions, providing a detailed assessment of performance in the pursuit of excellence in business operations and a comparison with selected peers, market segments, and the industry as a whole. Venturehaus today proudly announces the launch of its Design for Operational ExcellenceTM Benchmark. Based on engagements with over 50 top financial institutions and on recent market research, the Benchmark provides financial services businesses with a detailed assessment of their current performance in the pursuit of excellence in business operations. The Benchmarking Model The Benchmark assesses how well an organisation is performing in the pursuit of excellence in its business operations. Operational Excellence is neither a discrete change programme nor a management initiative - it is a business-as-usual approach to instil a culture of effective business management on an ongoing basis across complex organisations. In financial services, this invariably involves the consistent management of the inter-dependent, ever-changing, and often conflicting, requirements of cost optimisation, service differentiation, and risk mitigation. Evaluation against the 80 best practices in Operational Excellence in Financial Services The Design for Operational ExcellenceTM model contains 80 well-established financial services industry best practices, against which financial institutions can be assessed. The Benchmark rates an organisation’s accomplishments in the 8 core competencies, or “levers”, which together enable a business to achieve Operational Excellence:
The model ranks each organisation’s
current performance against the 10 key factors in each lever which
reflect industry best practice, and compares it with almost 400
other examples of current practice. An overall score is calculated,
together with scores for each lever, based on the weighted average
of the organisation’s positions in each of the key factors.
The results of this analysis can then be compared with the business’ peer
group and/or the market as a whole. |
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