Remove Efficiency Remove Innovation Remove Operations Remove Six Sigma
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6 Silent Productivity and Profitability Pitfalls, part 5 of 7

Strategy Driven

In our rush to ‘modernize’ everything and make our enterprises more efficient, we have mistakenly come to believe that information is our most valuable commodity. But a new generation of coordination tools is available, and the innovators of the world are using them. Silent Killer #4: Worship of Information.

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Avoid Doing the Wrong things Righter…But, “By What Method?”

Deming Institute

Doing things right is efficiency. Effectiveness/Efficiency Matrix. Learning to do things “right” is important and all sorts of training exist for doing so, including Lean Six Sigma, Kaizen, Plan-Do-Study-Act, Statistical Process Control, and ISO certifications to name just a few.

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6 Silent Productivity and Profitability Pitfalls, part 4 of 7

Strategy Driven

Yet, despite the negative connotations, most companies still operate bureaucratically – insisting employees work inside of increasingly complex structures with processes and procedures designed to standardize or control everything. To most people, bureaucracy is a bad word, synonymous with ‘red tape’ and wasted time.

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9 Team Dynamics That Get Results

Mike Cardus

This is not just a way to ensure courtesy to one another, but also that the team’s time together ends up being used effectively and efficiently. When teams meet, there should be a set of standards that establish how team members will behave toward one another.

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Great Companies Obsess Over Productivity, Not Efficiency

Harvard Business Review

Business leaders often think of “efficiency” and “productivity” as synonyms, two sides of the same coin. When it comes to strategy, however, efficiency and productivity are very different. Efficiency is about doing the same with less. Let me explain.

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How to Prioritize Your Innovation Budget

Harvard Business Review

Leaders and organizations are under more stress than ever to do two things simultaneously: deliver on today’s pressing commitments by troubleshooting and refining processes; and find and invest in innovation opportunities that will create tomorrow’s success. The problem is, this instinct crowds out longer term, innovative thinking.

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What Government Should Relearn from Business (And It's Not Efficiency)

Harvard Business Review

American business remains the country's most vibrant source of innovation. Government has traditionally looked to business for tools and techniques to help improve productivity and cut costs through greater efficiency. Business strategies focused on process and efficiency won't help the country manage that.