Strategy Driven
OCTOBER 11, 2023
For small business owners, reducing operational costs is essential for the success of the company. Fortunately, there are several strategies to use for reducing operational costs and ensuring that a small business remains profitable. Below are eight effective ways to reduce operational costs in your small business.
Chart Your Course
OCTOBER 13, 2016
The concept of lean management derives from the manufacturing industry, where the focus is on the outflow of products rather than the waste that comes with it. In recent years, however, lean management has been expanded to include non-manufacturing functions , including human resources. Organizational Focus.
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Deming Institute
OCTOBER 31, 2016
To establish simple and effective management systems without being preoccupied by form, paying particular attention to ensuring checks and actions, and rotating the management cycle rapidly. The Toyota history website includes a view into Toyota’s learning and continual improvement of their management system.
Harvard Business Review
MAY 26, 2016
It involves replacing traditional mass manufacturing with “lean manufacturing” principles. Over the last thirty years, the lean approach — developed by Japanese automakers — has permeated the manufacturing sector in developed countries, but is much less commonly used in the developing world.
Harvard Business Review
MAY 31, 2016
Operations in a Connected World. Back in the 1980s and 1990s, lean manufacturing was the Big New Idea and it seemed like everyone was learning new tools with Japanese names. ” Insight Center. Sponsored by Accenture. The technologies and processes that are transforming companies. It’s a familiar story.
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.
Harvard Business Review
SEPTEMBER 16, 2011
We use vague terms like "line" and "dotted-line" or "team" and expect managers to be able to function effectively. Another relationship is policy/operator. One unit, such as finance or HR, sets policy, often in consultation with operating units. Once the policy is set, the operating units must execute it.
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