What is value? What is a customer willing to pay? Since Lean Thinking and Lean principles are around, many organizations strive to bring more value to the customer. But apart from reducing costs what levers do they have to bring more value to theirs customers? The article titled “The Elements of Value” published in the … Continue reading 30 elements of value, entrepreneur’s food for thoughts
Kaikaku is one of these Japanese words which found their way into the Lean lingo. Kaikaku is usually translated into “radical change” or breakthrough. my tiny Japanese dictionary proposes “reform”, “renovation” and “reorganization”. "Doing" kaikaku means introducing a major change in a process in order to drastically improve it (quantum leap). Kaikaku is therefore “opposed” … Continue reading What is Kaikaku?
In a prior post of this series, I explained why it is wise to (re)SWOT your business with 3D printing* in mind and in another one I suggested assessing the potential Threats your organization could be facing. In this post, it’s about Opportunities offered by the new manufacturing ways. *I use "3D printing" and "additive … Continue reading Re-SWOT your business with 3D printing in mind – Opportunities
In a prior post of this series, I explained why it is wise to (re)SWOT your business with 3D printing* in mind. In this post, I propose some questions to assess the potential Threats your organization could be facing. *I use "3D printing" and "additive manufacturing" interchangeably With the recent progresses in 3D printing (and … Continue reading Re-SWOT your business with 3D printing in mind – Threats
I got my first explanations about Big Data from experts who were my colleagues for a time. These passionate IT guys, surely very knowledgeable about their trade, were not always good about passing somewhat complex concepts in a simple manner to non-specialists. Yet they did well enough to raise my interest to know a bit … Continue reading My Takeaways from Big data, the book
In the previous post of this series, I used somewhat extreme examples to illustrate the benefits of postponement with additive manufacturing i.e. 3D printing (space exploration, ships amidst oceans and warfare). In this post I use more common examples about how the promises of these new techniques will disrupt existing businesses and bring new benefits … Continue reading Is 3D printing the ultimate postponement? Part two
Imagine the first habitable base on mars. Your challenge is to pack the first cargo spaceship with all the necessary for the staff to face all maintenance issues, until the next cargo spaceship can lift up, say three months later. Chances are you’ll include a 3D printer and enough of printer’s raw material, simply because … Continue reading Is 3D printing the ultimate postponement? – Part one
It happens periodically. When managers are faced with improvement challenge, they ask for benchmarks. Not because they’re eager to take it on competition but to check if by chance they’re not already better or at least good enough, thus escape the challenge. And this is only the beginning with trouble about Benchmarking. Benchmarking It is … Continue reading Benchmarking is only trouble!
In near future, technology and especially connected objects - smart things stuffed with sensors and so-called wearable devices - will supercharge Lean improvements. One example of such already used device is given in a Mark Graban podcast about Hand Hygiene & Patient Safety. In this podcast (Episode #205), Mark’s guest Joe Schnur, VP Business Development … Continue reading Lean in digital age: sensors and data
It seems to me that in the last decades strategic analysis focused mainly on monitoring new entrants from low-cost countries, struggling with competitors and entering emerging countries’ markets. Compared to Michael Porter’s model of five forces, the above takes care about two at best; Threat of new entrants and intensity of competitive rivalry. Reminder of … Continue reading Will 3D printing revitalize strategic analysis?