Nowadays, when we examine financial reports for small or medium sized enterprises (SME), we see that interpretations are being made based only on sales revenues and certain expenses. Since many vital decisions affecting the future of a company are determined by considering only these charts, many decisions are based on incorrect information.
What separates an effective organization from an organization that just shifts from one management fad to another? Substance vs. Form. In a high-performance organization, one can never successfully sell the ‘soft stuff’, the latest management concepts, or the latest technology on their own merits. One has to make the connection to the financial bottom line. The…
Complacency – (Satisfied: Self-satisfied, usually in an unreflective way and without being aware of possible dangers) What does a car, a business, or a person have in common? I had never given it much thought until I recently went to start my car after work, which has 100,000 plus miles, and found that as soon as I…
As Operational Excellence professionals, we are all dedicated to eliminating waste from the processes we aim at improving. Yet, are we eliminating 100% of our own wastes? Are we leveraging the full benefits of what we are doing? Are we, ourselves, guilty of the 8thwaste (I mean waste of opportunity) as we are not always…
I know a successful global corporation where the Employee Engagement scores consistently range between 20 to 30 percent, and sometimes reach 40. Whatever new training or policies they institute, Engagement stays stuck. However, one division has Engagement scores in the 90s. No one elsewhere understands, even when it is explained to them. What’s present in the one division that’s…
Recently XONITEK organized its 3rd Annual EU Operational Excellence Summit whose theme was “A Frictionless World”. This year, the Summits took place in the early part of June with venues in Budapest Hungary and Milan Italy.
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