Data is the new currency in the digital economy. Businesses that are able to leverage data could create winning products and services, expedite their delivery, and optimize operations to leave competition in the dust. Recognizing that data is a strategic asset, businesses are in a race to uncover insights embedded… [More]
Exponential Improvement through Iterations
Repeating a task multiple times helps to hone your skill and become better at it. The cumulative effects grow exponentially. A daily improvement of 2% compounds to an 81% impact after 30 days. The concept of iteration works well in business as well. Let’s take a look at how your… [More]
Does Your Organizational Culture Support Your Transformation Ambition?
A recent conversation with a business owner reiterates the importance of closing the culture gap that impedes progress on business transformation. The business owner set an ambitious agenda to implement more technologies to streamline operations. The transformation journey was met with hurdles. Two years later, new applications are in place… [More]
Leadership for Digital Age
Competing in the digital age requires leaders to hone their skills in digital literacy and adapt their approaches. As fast paced technology advancements escalate changes in expectations from customers, suppliers, and employees, it becomes critical to attune business management to changing trends. There are five areas that leaders need to… [More]
The Soft Side of Operational Excellence
Operational excellence builds a strong foundation for profitable growth. Much energy is devoted to improve efficiency and productivity, modify processes and rules so employees could do their work faster, better and at a lower cost. That’s only half of the solution. The other half is building an environment that fosters… [More]
How Agility and Alignment Impact Organizational Resilience
Organizational resilience is critical for businesses to adapt to sudden change and disruptions. Many businesses are familiar with operational efficiency which focuses on running an efficient operation and minimizing costs. Operational resilience, on the other hand, is about readiness to make adjustments in a succinct manner. Businesses adapt when faced… [More]
Talent Strategy for the Evolving Business Landscape
Businesses have adapted swiftly over the past couple of years. Technologies were introduced to enable remote work. Processes were changed to ensure customers were not impacted. Employees’ responsibilities were modified to satisfy shifting needs. Lessons learned are invaluable for businesses to prepare for the future. As market dynamics continue to… [More]
Key Success Factors for Continuous Improvement
Continuous improvement is about making ongoing effort to improve products, services, and processes in your business. It is a powerful force when you have every employee think about problem solving. Instead of whining and complaining, employees analyze the situation and explore ideas to tackle an issue. There are several key… [More]
The Linkage between Measurement and Improvement
As a judge for the 2020 International Business Awards®, I was impressed by the amazing technology solutions available. Many tackle long standing business problems. Others focus on needs that few companies have taken an interest to address. To score each entry, judges were asked to evaluate each entry based on… [More]
How Trust Strengthens Performance Culture
The vice president of a professional service company has been inundated with complaints from his project managers about getting engineers to work on projects. The complaint is that the engineering department has been tardy in assigning resources, causing delays in kicking off projects in a timely manner. Often, the assigned… [More]
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