Learn more about business with this collection
Improving sleep through mindful breathing exercises
Practicing stress reduction and relaxation techniques
Establishing a relaxing bedtime routine
A manager has the ability to answer three simple questions:
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Productivity is the act of bringing a company closer to its goal. Every action that brings a company closer to its goal is productive. Every action that does not bring a company closer to its goal is not productive.
Productivity is not about getting more done in less time. It’s about gettin...
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Bottleneck: a resource whose capacity is equal to or less than the demand placed upon it.
Non-bottleneck: a resource whose capacity is greater than the demand placed on it.
Because bottlenecks are the constraint in the system, if you waste any time o...
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In a warehouse setting, throughput, inventory, and operating expenses are proxy metrics that represent net profit, return on investment, and cash flow, the three levers of a business.
Throughput: the rate at which the system generates money through sales.
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In business, you have three primary levers – net profit, return on investment, and cash flow. You want all three levers to move in the right direction. A common mistake is optimizing for one of these metrics, which may inadvertently make one or both of the other metrics go in the...
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Utilizing a resource means using a resource in a way that moves the system toward its goal. Utilizing a resource is a productive action.
Activating resources means using a resource, whether or not there is benefit from the work its doing. This explains why ...
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Although the 5-step process above can work in any organization, the exact details and application must be tailored to the specific circumstances and challenges in your organization.
The constraints that you face may not always be physical. There could also be intangible constraints, such as...
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At its core, manufacturing is a series of dependent events. Ensuring the right interaction between these dependent events is essential for the success of the manufacturing business.
To improve in manufacturing, you must optimize for the entire system, not just a local area. The reality is t...
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Your business is a system.
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Not all change is a good change. Some changes can be harmful and those changes need to be avoided.
Knowing what needs to be changed and what needs to be embraced boils down to one thing: does it allow you to live a happy life?
A good technique to understand the relationships within the team is to observe their dialogue. What does this team discuss?
In deciding to make career change, you must first identify the “essence” of what you want. Questions you need to answer are:
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