A great business system accurately presents performance, predicts future performance, and has peer comparability across silos. A business system that is great supports good decision making throughout the organization with routine/daily decisions, strategic planning decisions and identifying targeted improvement decisions. It also has sustainability with leadership changes and is fully aligned to the financials. Roadmaps [...]
Posts Tagged ‘business management’
Theory of Constraints (TOC) and risk avoidance when picking grapes at a vineyard
Image via Wikipedia Today my wife and I went to Flat Creek vineyard in Marble Falls, Texas to help pick grapes. We arrived at 6:30 AM. They immediately described the process to the volunteers and put us to work. The process is quite simple in that grape bunches are cut from the vine using pruning [...]
If only BP knew now what it knew then: The creation of a long-lasting knowledge management system
Image via Wikipedia In the HBR blot If Only BP Knew Now What it Knew Then it was noted how the new BP CEO, Bob Dudley, stated that the Gulf oil spill “has come out of nowhere.” However, maybe that is not true; perhaps it should have been anticipated for quite a while. What should [...]
Traveling to Bolivia to establish a 21st-century corporate management system
Organizational leaders often openly discuss how business complexity is growing; however, at the same time an overly-simplistic management system is often utilized, which does not address this complexity. One business-management shortcoming was exposed in the financial crisis of 2008 where business risks were not integrated within the executive decision making process. Even Toyota, which has [...]
The Big Four Firms and the Financial Crisis
QUESTION Linkedin.com: The question was ask Big Four or Big Farce? One of the toughest questions, in relation to the global economic fiasco that I haven’t found an answer yet is, Why did the globally reputed the Big 4 advisories not give an advance warning of what’s coming? Did they not know or did they [...]