Budgeting for Standard Costs: Why Bother?

May 11, 2012 by  | Leave a Comment Filed under: Management 

Recently I attended a conference addressing planning and budgeting. Most presenters and attendees wanted to reduce their reliance on formal budgeting processes. However, at lunch, I sat at a table with two attendees from one company. As our discussion evolved, they were worried about having to (read on...)



Private Equity Learning Cultures: Postmortems and Deliberate Practice

April 11, 2012 by  | Leave a Comment Filed under: Management 

Albert Einstein quipped that the definition of insanity is doing the same thing over and over again and expecting different results. Are some private equity firms guilty of this by forfeiting an effective learning opportunity? World-class businesses espouse learning cultures that strive to (read on...)

How About Some Singing Lessons?

February 8, 2012 by  | Leave a Comment Filed under: Management 

We’ll end this issue where we began – at my daughter’s summer camp. Along with the drama courses she’ll be taking, there was also the option to sign up for private singing lessons, a great opportunity, since she needs additional practice with her voice. The lessons are (read on...)

The First Line Manager: Consensus Decisions Versus Collaborative Decisions

January 23, 2012 by  | Leave a Comment Filed under: Management 

What is the effect of a consensus or collaborative decision on a first line managers department? The difference in the processes has a tremendous impact on the decisions effectiveness. Consensus is a committee process. Collaboration is a team process. When a company or department is failing it (read on...)

A Quick Look at the Lean Six Sigma Process

December 28, 2011 by  | Leave a Comment Filed under: Management 

Quality control can only be as good as the methods employed to support the mission. Every industry has its own set of challenges and only with an understanding of what needs to change can more appropriate tactics be applied. Identifying those who have the Lean Six Sigma experience to fine-tune (read on...)

Understanding the True Value of the Lean Six Sigma Process

December 9, 2011 by  | Leave a Comment Filed under: Management 

The true value of the Lean Six Sigma method of thinking and operating, for most businesses, lies in the maximization of the work force and in minimization of waste. If many companies were to run a complete audit of their operations, they would likely find that much of what is done on a daily (read on...)

Leading Across Divisions: The Perils of Stovepipe Retailing

November 2, 2011 by  | Leave a Comment Filed under: Management 

One of the reasons I like JCPenney is because their marketers and advertisers work in conjunction with the front-line retail store managers. When JCPenney runs a promotion with special and coupons, they mail them to residences, and those same coupons are available in the store. It makes good (read on...)

Is Job Security an Obstacle to Process Improvement?

October 22, 2011 by  | Leave a Comment Filed under: Management 

Various companies try to implement Lean, TQM, and other process improvement techniques to reduce their costs. These methods have proven very beneficial to companies that have done it right. In many cases however, these efforts have failed. The reason being that the analysis, finding (read on...)

Is Your Project Manager Traffic Light Broken?

September 15, 2011 by  | Leave a Comment Filed under: Management 

I was stuck in traffic the other day and going nowhere fast. Each time the light would turn green, there would only be about five or six cars that would make it through the light. Then the light would turn red again. This pattern repeated itself time and time again with only five to six cars (read on...)

Case Study: Automotive Repair Industry Process Improvement

July 15, 2011 by  | Leave a Comment Filed under: Management 

When customers think of automotive control modules, what comes to mind are engine control modules, transmission control modules, and body control modules. Some people are genuinely surprised to find there can be as many as 80-120 different control modules functioning in their vehicle, controlling (read on...)

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