Are boards of directors focused on strategy?
Theoretically, each higher-level of management should be increasingly long-term focused. That certainly includes the role of the board, who with their role on shareholder value and governance, must ensure that the short-term doesn’t crowd out the long-term. CGMA summarized two surveys assessing boards and the barriers to strategic oversight. TheirRead More
The Founder and Experimentation
Learning what works and what doesn’t work is driven by experimentation, real-world trials that inform us about cause and effect. How do we improve the ability to experiment? By reducing the cost, the effort, the friction required to test what works. As we continue my effort to de-jargonize (ok, that’sRead More
In the flow of a manufacturing plant, the bottleneck should often be the most valuable, or at least most expensive asset. We actually should be designing our processes around that fact, and then ensuring there is no unnecessary waste in the process that affects that bottleneck. In the Theory ofRead More
The Hitchhiker's Guide to Lean
Author: Jamie Flinchbaugh, Andy Carlino Publication Date: 2006 Book Description: What’s the key message? The Hitchhiker’s Guide to Lean: Lessons from the Road does not center on one primary message. If you had to choose one, however, it would probably be that lean is about more than tools and processRead More