This is a great article explaining the main reason for the rise in the cost of college tuition. Using practical problem solving techniques and economic theory, the main reason is...
In thermodynamics and business operations, entropy is a natural killer of performance. A lack of consistent maintenance or review leads to an unavoidable trend toward chaos, a falling a part of processes. An old slogan is “if you are standing still – you are not advancing”. The following are some ways to counter the entropy in your business:
- Design for Battle
- Avoid Entropy, Keep Moving
- Maximize Agility and Innovation
- Simplify Decision Making
- Streamline Your Processes
- Optimize Geography
- Manage Your Talent
The area that involves Lean is the last point – manage your talent. They discuss Hoshin-Kanri, aligning your strategy, business planning, and workforce planning will focus the organization to maximize profits. Utilizing a flexible workforce will allow the organization to handle normal peaks and valleys of the business cycle. These are just the start to avoid standing still in a hypercompetitive global economy.
Gary Kapanowski – Lean Six Sigma Master Black Belt – Excelsior
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