Drucker Institute’s / Wall Street Journal Best Managed Companies
The Wall Street Journey released their inaugural Management Top 250, a list of the best managed companies. It is based on the research of the Drucker Institute at Claremont Graduate University, releasing a much larger list and their scoring in this table Amazon tops the list, followed by Apple and
Read MoreMetrics: It’s about more than measurements
We often hear “we cannot manage what we cannot measure”. I think the better way to say it and approach improvement is that you cannot manage or improve what you cannot evaluate. As you are looking to improve something you need to ask how you are going to understand what
Read MoreRelentless Patience
When people talk about a lean journey, they say the word “journey” as if they understand it will take time to change a culture, however their behavior often reveals they don’t have the relentless patience will actually take to create change. We talked about the effort required to changing a
Read MoreFinding Improvement in the Margins [Lessons from the Road]
There are connections in every organization. Some are easily seen while others are not. But, look closely and you will find them. In the recent column I wrote for IndustryWeek I examined the waste that often occurs in these connections. It is in these connections, in the margins, that there
Read MoreAre 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. Their
Read MoreThe 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’s
Read MorePeople Bottlenecks
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 of
Read MoreThe simplest way to get started with process improvement
I have had many conversations lately where people are asking about the simplest way to get started with process improvement. The simplest way is to start with one simple question – why.
Read MorePDCA vs PDSA in Problem Solving
Plan Do Check Act (PDSA) is a well known approach to continuous improvement and problem solving. I propose you consider the PDSA approach that includes study and adjust to truly understand why you are getting the results you are.
Read MorePracticing Lean
The idea that just as doctors practice medicine we must practice lean is the premise of a book I contributed to called Practicing Lean which was edited by Mark Graban. We must be wiling to evolve our practices and learn as we move forward. Order a copy of the book today
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