Business Vault

FEAR, ONE OF OUR BIGGEST HINDRANCES

It’s getting to that time of year again for some of us, when we start to look at our half year performance or even looking to the operational budgets for the year to come. The economic outlook is being driven by uncertainty (some of it in my…

Teamwork – Wales & Leicester Prove the Point

I’ve never been one for football, but the two recent examples of how teamwork and purpose make an absolute difference comes in the form of Leicester City winning the Premier League and Wales currently in Euro 2016. You only have to see the camaraderie within both teams,…

Problem Definition for Beginners

Back in 2006/7 I worked for Goodrich Aerospace as Group Continuous Improvement Manager, within my team I had a gentleman named Tim Holmes. Now Tim is one of those gentleman once met never forgotten, all for good reasons. His passion, intellect is second to none. We had…

The Pareto Principle

(also known as the 80–20 rule, the law of the vital few) Wikipedia: The principle was suggested by management thinker Joseph M. Juran. It was named after the Italian economist Vilfredo Pareto, who observed that 80% of income in Italy was received by 20% of the Italian…

Understanding your Competitive Performance

Understanding your Competitive Performance can be used as a differentiator as well as a enabler for growth. Analysing where our business sits compared with our competitors (order losing, parity, advantage, superior) across the six categories of Quality, Cost, Delivery, Agility, Tech & Innovation and Customer Experience is…

Lean Accounting

(hopefully explained or at least aware) I came across an article ‘Lean Sustainability Requires a Change in culture’, well no s*&t Sherlock! But I decided to read it anyway. In reading the article I became intrigued with one comment in particular “I firmly believe that if more…

Re-Thinking Being Lean?????

I’ve recently read articles on Lean Manufacturing and in particular how certain businesses have been re-thinking the implementation of Lean. Now for a bit of background on the articles. All of the business Leaders that started the implementation had been replaced and within 6 months of them…

Sales: Just who is undermining performance?

Sales – the good guys or good for nothing? I guess it depends on your perspective, I have certainly heard both views, and whilst in Sales been the target of those and worse comments too. Personally during my tenure in the function and since, whilst I have…

The Productivity Puzzle and Lean

I’ve never been one to shout about Lean, Six Sigma or Theory of Constraints, to individuals to solve a solution. I personally have though, applied the tools and techniques to resolve a situation or gain an opportunity I have faced. Granted, it’s not just about the application…