article thumbnail

Master the PRIMES

Leading Blog

Fixing involves corporate improvement programs like Activity Based Costing, Six Sigma and others.”These Creating is about transformation—imagination, declaration, invention, and innovation. These tools are effective when a better past is the desired outcome, but they’re dead weight in the business of transformation.”

Six Sigma 277
article thumbnail

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. Plan Operations: improve key processes; develop sales plan; plan resource capacity; prepare budgets. Discipline I.

System 98
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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. Plan Operations: improve key processes; develop sales plan; plan resource capacity; prepare budgets. Discipline I.

System 85
article thumbnail

Health Care Providers Need a Value Management Office

Harvard Business Review

Two pioneers in establishing such a centralized group are the Houston-based University of Texas MD Anderson Cancer Center and the Hospital for Special Surgery (HSS), a specialty hospital for musculoskeletal care based in New York City. One example is in the area of patient-reported outcomes.

article thumbnail

How to Design a Bundled Payment Around Value

Harvard Business Review

To understand how to address these concerns, an academic team from Harvard Business School brought together a group of orthopedic surgeons from the Boston Shoulder Institute and Harvard Pilgrim Health Care, a Boston-based insurer, to create a new BP model focused on patient value. Leading Health Care Innovation.

article thumbnail

The Mayo Clinic Model for Running a Value-Improvement Program

Harvard Business Review

These efforts were part of the providers’ quest to increase the value of their care delivery — in other words, achieve better outcomes at the lowest-possible cost. The project team developed TDABC process maps at the three locations. Test process-improvement suggestions.

Mayo 8
article thumbnail

Case Study: When to Drop an Unprofitable Customer

Harvard Business Review

The Power of Customer Costing. With three efficient plants staffed by 3,000 employees, it had reinvented itself to become an innovative manufacturer of modular steel staircases and fiberglass doors. Tommy, an avid reader of the business literature, wanted Egan to adopt an activity-based costing , or ABC, approach.