Open AccessSimplification of the European Model of Management Excellence
Author(s) -
Aurelio Muñoz Rubio,
Fernando Tejedor-Panchón,
Gonzalo Tejedor-Panchón,
José Manuel,
Francisca Fuentes Rodríguez,
Ricardo Hernández Molina
Publication year - 2017
Publication title -
journal of advance research in business, management and accounting
Language(s) - English
Resource type - Journals
ISSN - 2456-3544
DOI - 10.53555/nnbma.v3i4.59
Subject(s) - excellence , context (archaeology) , modernization theory , order (exchange) , work (physics) , shipyard , business , business model , operational excellence , industrial organization , operations research , engineering management , computer science , process management , engineering , marketing , economics , political science , shipbuilding , economic growth , mechanical engineering , finance , history , paleontology , archaeology , law , biology
The current international context requires the modernization of the naval sector towards what has been called Naval Industry 4.0, which has already been successfully implemented by some countries such as North Korea. In order to remain competitive with those countries, a deep reconsideration of the engineering of the whole value chain must be done. Thus, the optimization of each one of the naval sector elements is highly important. These changes also include the auxiliary industry needed for a dynamic dockyard. More specifically, the working and management model of such industry has to be updated and improve its efficiency by involving business models that guarantee the management excellence. In this sense, one management model that has become a reference for many organizations is the European Model of Excellence. In this work, we present a simplification of this model, which would allow implementing it in SMEs.