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30% of business revenue can be lost due to inefficiencies: Credit to: Igor Buinevici Original post below ⬇️⬇️⬇️ "30% of business revenue can be lost due to inefficiencies: But how to avoid this situation? There is a great structured framework that can help. It is called the POPIT Model. It is a framework used to analyze and improve organizational performance. The focus is on the interplay between People, Organization, Processes, Information, and Technology. Here’s a breakdown of its components: 1. People: This element focuses on skills, roles, and the overall engagement of employees. Understanding how people interact and their capabilities is crucial for effective performance. 2. Organization: This refers to the structure and culture of the organization. It examines how teams are organized, the hierarchy, and the overall organizational environment. 3. Processes: This component looks at the workflows and procedures that guide how tasks are completed within the organization. Efficient operational processes are essential for achieving goals and improving productivity. 4. Information: Information encompasses the data and knowledge that flow within the organization. This includes how information is shared, stored, and utilized to make informed decisions. 5. Technology: Technology refers to the tools and systems that support the organization’s operations. This includes software, hardware, and any other technological resources that enhance efficiency and effectiveness. To effectively use the POPIT Model, follow these steps: A) Assess each element B) Identify gaps C) Develop improvement strategies D) Implement changes E) Review and adjust Utilize the POPIT Model: Create a holistic approach to performance improvement. P.S. Do you optimize the performance of your company?" _________ Streamline your hustle, scale with purpose. ⚙️ Follow Systems For Business for more content like this.