Chartered Management Institute

AUGUST 8, 2023

The fast-paced and innovative nature of the tech sector necessitates rapid experimentation and adaptation. Entrepreneurs and startups embrace the mindset of failing fast to quickly test ideas, pivot where necessary, and optimise their products or services for the market.

Consultative 98

Consultative Lean Manufacturing Agility Article 98

Strategy Driven

SEPTEMBER 28, 2020

Manufacturing processes are complex and they often consist of multiple steps. So, in order to maximize profits, businesses have to find innovative ways to streamline these processes and reduce the time they take to complete. In order for manufacturing companies to be successful, they need to take good care of their customers.

Tools 91

Tools Process Lean Manufacturing Industry 91

LDRLB

SEPTEMBER 12, 2013

The BoP markets are a hotbed for innovation and companies that are able to mold their business models to fit within this paradigm can truly alter traditional business models. Prahalad , the brilliant management guru. LG has devised payment subscription plans that makes its products affordable. To quote the late, great C.K.

Competitive Advantage 154

Competitive Advantage Prahalad Blue Ocean Strategy Glocalization 154

Mike Cardus

JANUARY 19, 2012

Every employee is entitled to have a competent manager with the capability to bring value to their problem solving and decision making. The image on the right reflects the ‘ Cascade-of-Planning ’ model or in Lean Manufacturing the Hoshin Kanri used in the Toyota Production System. Click on the image to enlarge.

Lean Manufacturing 131

Lean Manufacturing Delegation Process System 131

Harvard Business Review

MARCH 12, 2018

Even today, when we extol the virtues of creativity and innovation, we still see bureaucratic job titles, inflexible roles, and standardized evaluation systems that generate anxiety instead of excitement and self-expression. They then experimented with transforming their own production line using the new techniques.

Motivation 15

Motivation Lean Manufacturing Management System 15

Deming Institute

JANUARY 16, 2017

General Motors wasn’t my ideal workplace after having read Deming’s Out of the Crisis and learning a bit about Lean manufacturing in college. A forward-thinking plant manager modified the Deming Philosophy to create something called “The Livonia Philosophy.”. But, I needed a job, so I cast a wide net.

Kaizen 28

Kaizen Deming Lean Manufacturing Handbook 28

Harvard Business Review

MAY 2, 2012

Increasing productivity — making more with less — is at the core of any company or any economy's economic progress. From a societal view, productivity drives higher living standards and increases shared resources — for example, providing a government with more resources to invest back into its citizens.

Productivity 15

Productivity Products Lean Manufacturing Technology 15