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Master the PRIMES

Leading Blog

Fixing involves corporate improvement programs like Activity Based Costing, Six Sigma and others.”These These tools are effective when a better past is the desired outcome, but they’re dead weight in the business of transformation.” What kind of problem are you trying to solve?

Six Sigma 276
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A Closed-Loop Strategy Execution System

Six Disciplines

By management system, they're referring to the integrated set of processes and tools that a company uses to develop its strategy, translate it into operational actions, and monitor and improve the effectiveness of both. By creating a closed-loop management system, companies can avoid such shortfalls. Discipline I. Discipline II.

System 98
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A Closed-Loop Strategy Execution System

Six Disciplines

By management system, they're referring to the integrated set of processes and tools that a company uses to develop its strategy, translate it into operational actions, and monitor and improve the effectiveness of both. By creating a closed-loop management system, companies can avoid such shortfalls. Discipline I. Discipline II.

System 85
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The Transformed Map of a Recovering Management Accountant

Deming Institute

Manage a Living System, Not a Ledger” ), Johnson explains that better cost information, such as activity-based costing (ABC) , will not provide a long-term method of reducing manufacturing costs. The focus must be on managing work activities as components of an ecosystem.

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How Hospitals Are Using Patient-Reported Outcomes to Improve Care

Harvard Business Review

However, measuring patient-reported outcomes (PROs) — patients’ own accounting of their symptoms, functional status, and quality of life — can and should be a clinical tool. PRO tools can help stimulate those conversations. Several features of the program have already been expanded to other providers at Mayo.

Report 8
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Intelligent Redesign of Health Care

Harvard Business Review

The University of Texas MD Anderson Cancer Center is seeking to reduce its cost structure by redesigning its health-care-delivery model to reflect the true costs of care (the early stages of the project were described in a 2011 Harvard Business Review article by Robert S. The actionable cost savings from process improvement.

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Zero-Based Budgeting Is Not a Wonder Diet for Companies

Harvard Business Review

In comparison to other methods (such as Six Sigma or activity-based costing), ZBB typically does not address operational excellence in core processes (marketing, sales, supply chain, procurement, manufacturing) or fundamental cost drivers such as portfolio complexity, organizational complexity, customer complaints, and quality issues.