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Management Strategies

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How to Execute A New Business Efficiency Plan

You need to follow the steps of any business efficiency plan in order to implement change, but you also need to compose a comprehensive execution plan, before you go about implementing changes. Execution [more…]

Why Bother Measuring Your Business Efficiency?

The importance of measuring your business efficiency in ways beyond mere dollars in and dollars out cannot be overstated. In fact, Harvard Business School’s Robert Kaplan and David Norton developed the [more…]

Business Efficiency: Measure Dollars In and Dollars Out

Increasing income while decreasing expenses is what people usually think of when they hear “business efficiency,” although it’s never quite that simple. When you’re measuring financial milestones, always [more…]

Business Efficiency: Measure Sentiment in the Workplace

Sentiment analysis is one of the trickiest metrics to measure, but it has far-reaching implications for business efficiency. If your customers aren’t happy, that’s usually a sign of room for improvement [more…]

Business Efficiency: Measure Speed

Time is an often overlooked resource in business efficiency, but in many ways, it’s the most valuable one. Even if you had the money to pay every employee to work 100 hours a week, you won’t generally [more…]

Business Efficiency: Do A Competitive Analysis

Measuring how you stack up against the competition and within the marketplace can unearth potential inefficiencies in every aspect of your business. For example, if your competitors are able to sell the [more…]

Business Efficiency: Measurement System Analysis

Measuring the wrong data when you are looking at business efficiency defeats the whole point. Measurement System Analysis (MSA) keeps your measurements honest, accurate, and expected. [more…]

How to Store Business Data

When you plan a business efficiency project, you need to know what you’d like to measure and how you’d like to go about measuring it — but where does all that data go, exactly? Depending on your business [more…]

Should I Archive Business Data?

Any good business efficiency project plan will involve measuring and storing data. Do you need to invest in archiving data? Although it’s certainly possible to convert just about any existing files, whether [more…]

Balanced Scorecard for Business Efficiency

The Balanced Scorecard methodology helps business efficiency by giving equal weight to four distinct areas of business: customer needs, internal knowledge and education, productivity, and finances. A “balanced” [more…]

How to Use Lean for Business Efficiency

A Lean business is one that maintains an unrelenting focus on providing customer value and an unwavering disdain for waste. Just what is waste — known, in Lean parlance, as [more…]

Use Total Quality Management for Business Efficiency

One part of measuring and implementing any business efficiency plan is quality. Total Quality Management, or TQM, shines the spotlight on quality. In a TQM organization, every product, marketing piece, [more…]

The Easy Way to Increase Productivity and Cut Costs

Methodologies for business efficiency such as Lean and Balanced Scorecard can create real, lasting efficiency improvements in your organization, and you should try one [more…]

What Is Business Efficiency?

An effective strategy for implementing change in your business means making the choices and adopting the tools and processes that generate the best results at the [more…]

Business Efficiency: The Six Sigma Formula

Originally codified at Motorola in the 1980s, Six Sigma is a business efficiency process that relies on quantified performance measurements and a strong managerial team and buy-in. The term [more…]

Business Efficiency: Agile Project Management Overview

Agile is now an effective approach you can adopt for business efficiency projects in most any industry. Originally Agile was developed to address the pitfalls of traditional project management when applied [more…]

Business Efficiency: What is Lean?

Born at Toyota, Lean is a lighter, leaner business strategy to achieve wanted results. A Lean process for business efficiency is ruthless about getting rid of not just errors, but also steps, processes [more…]

Business Efficiency: What is Balanced Scorecard?

Balanced Scorecard was developed as a more effective strategy of implementing business efficiency — instead of focusing on financial measurements, Balanced Scorecard is a more holistic system of metrics [more…]

Business Efficiency: What is Kaizen?

Kaizen is not a one-time planned business project but rather an approach to increased productivity that places the focus on greater efficiency. A Kaizen workplace puts people first — in pursuit of eliminating [more…]

Business Efficiency: What is 5S?

Unlike the other methodologies for business change that can be applied to a variety of scenarios within an organization, 5S is only concerned with increasing productivity by enhancing your physical workspace [more…]

Business Efficiency: What Is Total Quality Management?

Total Quality Management (TQM) is a business strategy that actually preceded Lean, and much of its focus on waste-reduction, continuous improvement, and the elimination of defects has since been rolled [more…]

Business Efficiency: Three Quick Tips for Time Management

Time is often your most precious resource, because lost time can never be restored and the amount of time any given person is available — no matter how much caffeine she may consume — is quite finite. [more…]

Get Human Resources Involved in Business Efficiency

Functional departments like human resources are often left out of efficiency-enhancing discussions and brainstorming in business, because they seem like a static resource as opposed to an internal team [more…]

Manage Your Business Team More Efficiently

Efficient management of a business means every task is executed on time, the first time, and with no duplication. Getting a team to increase productivity to this point requires clear communication tools [more…]

Business Efficiency and Technological Resources

Technological resources can help any business or organization become more effective. There are some overarching resources that most any business can use to increase productivity and decrease waste, including [more…]

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