I have often like to ask the seemingly simple question: “What is business?” in my undergraduate and MBA business classes, as well as with my business clients. One response I get consistently is silence. Usually the silence is followed by some kind of comment about making money or serving customers. Though plenty of businesses do not make money [...]
Entries Tagged as '4. Effective Method'
What is business
January 25th, 2009 · 2 Comments
Tags: 1. Entrepreneurial Management · 3. Enabling Means · 4. Effective Method · 5. Expanding Market · 6. Energized Money · 8. Eternal Mission · Education
Iterativity, the secret to getting things done
January 15th, 2009 · No Comments
The secret of getting things done can be learned from children’s joke: How do you eat an elephant? One bite at a time. This is a great wisdom. If we followed that wisdom we would never be overwhelmed, never have too much or too little on our plate. Never get stuck. Always able to manage [...]
Tags: 4. Effective Method · 7. Exposure Mitigation · 8. Eternal Mission
Making small difference, so that we do not often have to make the major ones
December 30th, 2008 · No Comments
Dramatic rescues look good for Hollywood, but they are not a great way o run a business. Businesses do need to occasionally have an emergency to shake up the old settled ways, but it’s better if businesses and communities, are always looking for ways to improve and learn. They will grow healthier than the ones [...]
Tags: 1. Entrepreneurial Management · 2. Engaged Manpower · 4. Effective Method · 8. Eternal Mission · Local Impact
Taking the mask off the problem
December 9th, 2008 · No Comments
In Lean methodology, inventory is a way of hiding a problem. Just like a river, when the water level is high enough, nobody notices the rocks on the bottom. Yet, when there is little water each rock on the bottom of the river affects the water movement. So, to be able to see the process, [...]
Tags: 4. Effective Method · 6. Energized Money · 7. Exposure Mitigation · E-M8
When you know you’re not lean
November 26th, 2008 · No Comments
Signs your organization is not lean: When you can’t find things because there is too many things, you are definetly not lean. When you can’t get an answer to the question nearly instantly, you are definetly not lean. When each part of the company points fingers at the other, you’re probably not lean. When you [...]
Tags: 4. Effective Method · E-M8 · Local Impact