Harvard Business Review

OCTOBER 12, 2011

And, as many writers in this series argue, one of the chief means of fixing the system lies in focusing on the creation of long-term value. However, when determining the CEO's compensation, most corporate boards today give the highest priority to short-term financial results at the expense of long-term value creation.

Long-term 13

Long-term Attrition Six Sigma Balanced Scorecard 13

Mike Cardus

OCTOBER 20, 2010

All organizations have long term goals, project teams must set technical and process goals as part of their work. Oct 2010 In more traditional terms, “exclude&# would mean “fire&#. Establish a set of goals & objectives – in any team recognition and understanding of the goal is paramount. mike Friday, 22nd.

Team 108

Team Six Sigma Team Building Project 108

Strategy Driven

APRIL 8, 2011

In his groundbreaking new book, Brand Relevance : Making Competitors Irrelevant, David shows how any company can use the “brand relevance” strategy to achieve long-term, competitive success. Brand Relevance provides the tools companies need to generate innovative offerings that can create long-term financial success.

Brand 56

Brand Aaker Six Sigma Short-term 56

Harvard Business Review

JUNE 10, 2011

These mandated-from-above programs include Lean Six Sigma initiatives with experts (" Belts ") in command, big IT implementations, and reengineering of major end-to-end processes. An executive in the company's finance operations adopted a Six Sigma belt-driven approach to reduce costs in the company's global shared service centers.

Six Sigma 15

Six Sigma Bottom-up Cost Project 15

Great Leadership By Dan

DECEMBER 23, 2013

I recently attended a fascinating webinar by MIT Sloan Professor Nelson Repenning that explained why proven capability building processes and tools like LEAN and Six-Sigma often go unused. Useful doesn’t always mean used. I’m sure there are other reasons – please leave a comment with your thoughts.

Management 298

Management Six Sigma Leadership Short-term 298

Harvard Business Review

MAY 1, 2012

First, managers need immediate results , often reinforced by short-term incentive plans or the regular expectation of earnings improvements. Innovation may take a long time to produce returns, which conflicts with these short-term requirements. Additionally, managers are often schooled in slow, continuous improvement.

Innovation 15

Innovation Six Sigma Management Short-term 15

Harvard Business Review

SEPTEMBER 25, 2011

An alternative approach to cost cutting is built into the "Six Sigma" methodology as popularized by GE. The quoted financial savings from Six Sigma projects, while valid, aren't having long-term effects on their cost structure. Companies launch process improvement projects with hard financial targets.

Cost 9

Cost Six Sigma Short-term Banking 9

Harvard Business Review

JULY 30, 2018

The problem arises because different systems employ different definitions of key terms. Thus, the term “customer” can mean a potential buyer to the marketing department, the person who signed the purchase order to sales, and the legal entity that it bills to accounting. Create a common language.

Six Sigma 9

Six Sigma Supply Chain Long-term Definition 9

Harvard Business Review

AUGUST 23, 2013

Another formula is to introduce a new and fashionable management practice, such as Six Sigma, Lean, or the ancient Total Quality Management and ISO9000. The book not only describes the practice but also introduces us to the success stories of early adopters, in the form of awe-inspiring interviews and case studies.

Six Sigma 9

Six Sigma Early Adopters Management Fashion 9

Harvard Business Review

SEPTEMBER 27, 2012

From careful design of experiments and data collection processes, to explicit definition of terms, to comprehensive efforts to ensure the data are correct, no effort is spared. Over the long term, the only way to deal with data quality problems is to prevent them. This is not surprising.

Six Sigma 15

Six Sigma How To Quality Long-term 15

LDRLB

APRIL 17, 2013

A mnemonic that can be used to remember the criteria for antisocial personality disorder, ordinarily considered to be the umbrella term that includes psychopaths, is “CORRUPT”: C – cannot follow law. Identifying psychopaths is both difficult and easy. O – obligations ignored. R – remorselessness. R – recklessness.

Six Sigma 166

Six Sigma Long-term Cost Environment 166

Harvard Business Review

OCTOBER 30, 2013

A company only needs a Chief Data Officer when it is ready to fully consider how it wishes to compete with data over the long term and start to build the organizational capabilities it will need to do so. There’s no kidding ourselves — we have a long way to go. Go slow in reserving the title for a long-term, transformative role.

Six Sigma 8

Six Sigma Long-term Information Technology Short-term 8

Harvard Business Review

FEBRUARY 2, 2018

Industrial giants have well-established brands, built strong customer relationships, and signed long-term service contracts. The characteristics of hardware businesses include long product development cycle, Six Sigma efficiency, and long sales cycle. Customer intimacy.

Industry 8

Industry Software Six Sigma Engineering 8

Harvard Business Review

JULY 30, 2014

Organization as machine – this imagery from our industrial past continues to cast a long shadow over the way we think about management today. Organizations still emphasize exploitation of existing advantages , driving a short-term orientation that many bemoan. Townes, and Henry L.

Six Sigma 8

Six Sigma Drucker P&L Short-term 8

Harvard Business Review

NOVEMBER 24, 2015

This is all right as long as they explain the rationale behind their actions. In one large consumer products firm, for example, hundreds of managers went through programs on “change leadership,” “lean six sigma,” “prioritization and alignment,” and so on over several years.

Welch 8

Welch Six Sigma Real Estate Trends 8

Harvard Business Review

JANUARY 24, 2013

One example is six sigma , where a company seeks to have no more than 3.4 It's hard to know a blackjack player's skill based on her short-term outcomes but you can evaluate how she plays her cards and gain a sense of her ability. What does all of this have to do with business? defects per million products it manufactures.

Skills 8

Skills Six Sigma Incentives Sports 8

Harvard Business Review

NOVEMBER 5, 2012

Then, the right, long-term investments that are likely to help mitigate damages must be made. P&G committed corporate leadership, foundation grants and a modification of Six Sigma so nonprofits could more effectively manage to agreed-upon results. Less government doesn't apply to disasters.

Six Sigma 8

Six Sigma Long-term Innovation Definition 8

Harvard Business Review

OCTOBER 22, 2013

When we surveyed over 300 global executives between 2008 and 2009, one of the primary concerns they expressed was their inability to compete long term without a solid innovation engine that can grow their top line. The challenge is finding radical ideas consistently year after year.

Skills 8

Skills Power Six Sigma Disruptive Innovation 8

Harvard Business Review

AUGUST 24, 2016

And beyond the general term “open-minded,” we don’t have common words for talking about degrees to which we are open to being influenced. More recently, we have focused on the value of Lean, Six Sigma , and diversity. That will help me quickly focus only on the factors you consider relevant.

Influence 8

Influence Six Sigma Open-book Diversity 8

Deming Institute

SEPTEMBER 23, 2019

These efforts are often aligned through a non-linear process improvement cycle that resembles the hand drawn version of this figure, which Deming shared with Japanese executives long before the aforementioned discoveries by Frank Pipp and Larry Sullivan. We begin with a piece of molding that is too long and needs to be cut to length.

System 74

System Productivity Products Deming 74

Strategy Driven

APRIL 2, 2014

It may be easier to use common terms, like, “What are your goals for this BPI project?” This role could be filled by a Business Architect, Process Improvement Expert, Lean Six Sigma Practioner, Business Analyst or Project Manager. and then turn them into improvement targets (e.g, Reduce time to market for this product).

BPM 56

BPM Process Tips Management 56

Harvard Business Review

MAY 1, 2017

So, in real terms, debt financing is essentially free. See More Videos > See More Videos > To elaborate, a company’s intrinsic equity value reflects the long-term cash flows that shareholders expect to receive over time, discounted at the appropriate risk-adjusted cost of equity capital.

ROE 14

ROE Long-term GDP Six Sigma 14

Harvard Business Review

OCTOBER 28, 2013

This failure is not for lack of effort — health systems are making massive investments in new infrastructure, technology, processes and managerial approaches designed to manage change, such as electronic health records, Six Sigma and Lean Management. One hospital that has done this well is Memorial Hospital of South Bend, Indiana.

Health Care 8

Health Care Innovation Six Sigma Consultative 8

Harvard Business Review

JUNE 23, 2015

The company had spent the past two decades focused on implementing Six Sigma processes across the enterprise and it was primed to execute on the best and smartest ideas. Otherwise, all you create is a long list of ideas that never go anywhere, and substantial organizational cynicism.

Innovation 8

Innovation Company Six Sigma Constraint 8