Harvard Business

MARCH 21, 2018

Looking ahead, we will continue to drive productivity, and we plan to conduct a deep dive into the details of our cost structure and allocation of capital to ensure we deliver appropriate returns for shareholders.” Injuries and catastrophic events, in addition to being tragic, are evidence that production is not being managed correctly.

Operations 190

Operations Chemicals System Metrics 190

Epicflow

OCTOBER 28, 2024

On the one hand, engineering project management steps are the same as those for projects in other industries: planning, scheduling, allocating resources, managing stakeholders, monitoring, etc. It was initially invented for the manufacturing industry but is widely used for managing engineering projects as well.

Engineering 248

Engineering Management Methodologies Resources 248

Epicflow

OCTOBER 4, 2024

If so, it’s hardly surprising—a great number of projects are exposed to industry challenges or unfavorable external events. Typical Risks in Manufacturing Projects Manufacturing projects can be significantly affected by risks faced by the industry in general. For example, the manufacturing industry in the U.S.

Management 147

Management Resources Software Productivity 147

Harvard Business

MAY 10, 2024

Researchers engaged with organizations across a variety of industries, each at a different stage of implementing responsible AI. They identified four key moves — translate, integrate, calibrate, and proliferate — that leaders can make to ensure that responsible AI practices are fully integrated into broader operational standards.

How To 251

How To Engineering Data Operations 251

Epicflow

JUNE 10, 2022

Speaking about the risk-bearing events affecting aerospace engineering projects, we can divide them into three groups: project management, engineering risks, and those that are typical for the aerospace and defense industry. Risks specific for the aerospace and defense industry. Let’s take a closer look at each of the groups. .

Engineering 246

Engineering Management How To Risk Analysis 246

Effective Managers

JUNE 24, 2024

Examining Practical Applications of Artificial Intelligence (AI) in Improving Business Processes Leveraging AI into business operations has become a transformative force across various industries. AI in Streamlining Operations AI technology has made significant strides in optimizing operational efficiency.

Ethics 219

Ethics Efficiency Operations ROI 219

Tom Spencer

APRIL 12, 2024

Meetings can either be a powerful catalyst for collaboration and decision-making or a drain on time and productivity. Whether you are in consulting, strategy, operations, or product management, the ability to manage meetings effectively is a crucial skill that can significantly impact the success of your endeavors.

Meeting 143

Meeting Productivity Management How To 143

Epicflow

DECEMBER 14, 2023

At present, the construction industry is undergoing a substantial transformation. Read further to learn what construction trends are going to shape the industry in 2024, and how it’s expected to address current challenges and ensure sustainable growth. Other Construction Management Trends and Challenges in 2024 1.

Construction 144

Construction Trends Industry Energy 144

Tom Spencer

MARCH 8, 2024

One of the most common problems business leaders face is how to price a product. From entrepreneurs putting a new product on the market to executives at a public company revamping a product line, effective pricing is a key pillar of any successful sales and marketing strategy.

Productivity 158

Productivity Sales Strategy Strategy 158

Harvard Business

SEPTEMBER 21, 2023

It is an opportune time for SME manufacturers to upgrade their operations by investing in new software and manufacturing innovations. The reasons include pressures on OEMs to build more resilient supply chains and to regionalize production and the falling cost and increasing ease of use of new technologies.

Software 248

Software Operations Productivity Information Technology 248

Tom Spencer

NOVEMBER 22, 2024

Artificial intelligence (AI) is transforming industries across the globe, and banking is no exception. The adoption of AI is revolutionizing banking products, enabling financial institutions to offer personalized service, increase efficiency, and enhance security. AI-Driven Innovations in Banking Products 1.

Banking 78

Banking Finance Meeting Data 78

Tom Spencer

NOVEMBER 8, 2024

My career path has taken me through consulting, joining a startup and becoming an operator, and then returning to consulting at an MBB firm. I wanted to dive deep into the transportation industry and build my expertise and network there. Why choose an MBB consulting firm? Three main reasons.

McKinsey 78

McKinsey Methodologies Transportation Bain 78

Clarity Consultants

FEBRUARY 9, 2025

Companies rely on Learning & Development (L&D) programs – especially eLearning – to stay competitive as industries change. L&D programs help organizations keep up with industry trends, adopt new technologies, and respond to changing market demands.

Metrics 147

Metrics ROI Training Training 147

Tom Spencer

OCTOBER 25, 2024

This article delves into the rising importance of ESG metrics, how companies are integrating them into their operations, provides leading examples, and highlights the evolving regulatory landscape. This commitment extends across its entire production process, from sourcing raw materials to the final product assembly.

Metrics 78

Metrics Ethics Government Financial 78

Epicflow

NOVEMBER 8, 2024

However, three major players in the shipbuilding industry — Hyundai Heavy Industries, Mitsubishi Heavy Industries, and Samsung Heavy Industries — are expecting stable growth over the next couple of years, according to Sea News. Due to poor project performance, $99 million is wasted for every $1 billion invested.

Management 222

Management Cash Flow Industry Real Estate 222

Tom Spencer

OCTOBER 27, 2023

Business operations teams play a critical role in the success and growth of both big companies and small startups. Let’s explore the role of business operations teams in greater detail for both big companies and small startups.

Operations 88

Operations Company Efficiency Resources 88

Harvard Business

FEBRUARY 27, 2024

The shift to advanced therapeutic modalities (ATMs) promises to change the nature of competition in the pharmaceuticals industry. They are shifting the nature of drug R&D risk and establishing manufacturing as a critical strategic priority alongside therapeutic safety and efficacy while also introducing new commercialization challenges.

Pharmaceuticals 244

Pharmaceuticals Strategy Strategy Strategy& 244

Management Consulted

JULY 2, 2013

First, a 101 on strategy consulting for you newbies to the site – having an insider view into the strategy and operations of a company requires that you quickly become an expert on day-to-day activities in light of the overall company vision. In financial advisory consulting, consultants go very deep in one industry.

Financial 252

Financial Consulting Strategy Strategy 252

Tom Spencer

FEBRUARY 11, 2022

In this short post, we will briefly explore how consulting firms work, the hierarchy within firms, the main types of firms, and a few ways to learn more about a particular firm as you chart your career path, prepare your applications, and get ready to matriculate into the consulting industry. How do Consulting Firms Work?

Operations 88

Operations Consulting Boston Consulting Group Industry 88

Epicflow

JANUARY 30, 2025

Support and training providing tools, templates, and training to project teams to enhance their productivity and adherence to standards. Improved Resource Allocation Efficient resource allocation is crucial for optimizing productivity and avoiding burnout.

Tools 130

Tools Software Efficiency Resources 130

Harvard Business

OCTOBER 25, 2018

We focus on economic profit rather than revenue size, market share, or productivity growth because these other metrics risk including firms that are simply large and may not create economic value. Productivity can help; but it is not enough to achieve superstardom. The link between superstar firms, sectors, and cities is complex.

Industry 132

Industry Company Metrics Real Estate 132

Steve Shu Consulting

JULY 25, 2014

One the other hand, possibilities for competitive differentiation and new products seem limitless. While some companies may be very sophisticated in their approach with behavioral economics, the broader industry is barely conscious of the power of behavioral economics (perhaps Behavioral Economics World 0.2 Operating Model Development.

Video 230

Video Analysis Operations Development 230

Tom Spencer

NOVEMBER 15, 2024

Technology has revolutionized nearly every industry, and healthcare is no exception. Big Data Analytics The healthcare industry generates an enormous amount of data, from wearable devices, patient records, and clinical trial results. Zuhair Imaduddin is a Senior Product Manager at Wells Fargo.

Healthcare 78

Healthcare Data Trends Efficiency 78

Effective Managers

JUNE 24, 2024

Examining Practical Applications of Artificial Intelligence (AI) in Improving Business Processes Leveraging AI into business operations has become a transformative force across various industries. AI in Streamlining Operations AI technology has made significant strides in optimizing operational efficiency.

Ethics 130

Ethics Efficiency Operations ROI 130

Tom Spencer

JUNE 9, 2023

In the digital age, businesses are constantly seeking innovative ways to gain a competitive edge and streamline their operations. From enhancing customer experiences to optimizing decision-making processes, AI is reshaping the way businesses operate and opening up new possibilities for growth.

Data 147

Data Operations Efficiency System 147

Tom Spencer

SEPTEMBER 10, 2021

These numbers were used to describe the health of a business or industry, to identify trends, or point out top performers. To help me understand these new numbers I use analogies based on my initial training to help me understand a new industry. They have an operating budget based on the amount of their grant.

Metrics 88

Metrics Industry Benchmarking How To 88

Epicflow

AUGUST 12, 2024

How can manufacturers ensure production efficiency and competitiveness? One of the effective solutions is digital transformation — the implementation of innovative technologies into every manufacturing aspect helps production companies enhance their capabilities, shorten products’ time to market, and satisfy customers’ demands.

Examples 130

Examples Efficiency Data Automotive 130

Tom Spencer

NOVEMBER 8, 2024

Identify the areas that you are passionate about Consulting provided me with exposure to various industries, but I realized I wanted to delve deeper into the world of transportation. These startups have usually been in operation for around five years, have substantial funding, and have products that have achieved product-market fit.

Transportation 78

Transportation Financial Productivity McKinsey 78

Tom Spencer

FEBRUARY 1, 2020

Some people also call consulting a ‘talk-job’ – you go to the clients, you talk about what the ideal world scenario would be for a particular project, product or market, and your billable hours are sorted. Operations Consultants: Operations consultants are consultants who help clients improve the performance of their operations.

Consulting 135

Consulting Operations Financial Real Estate 135

Markovitz Consulting

JANUARY 7, 2019

But when it comes to internal operations at least, disruption is often both bad for business and for employees, because it causes unevenness in work. Taiichi Ohno, one of the fathers of the Toyota production system, described three manufacturing evils that companies should avoid: mura (unevenness), muri (overburden), and muda (waste).

Operations 160

Operations Retail Resources Productivity 160

Epicflow

FEBRUARY 8, 2024

In a few words, the industry is going to evolve in three major areas: implementing recent technological advancements (Industry 4.0), finding ways to address post-pandemic challenges, and meeting sustainability requirements. Let’s take a closer look at these and other manufacturing trends that are going to impact the industry in 2024.

Trends 130

Trends Talent Deloitte Efficiency 130

Steve Shu Consulting

AUGUST 20, 2018

Industry reports – Consultants often dive into industry reports very close to when they arrive onsite for a new client. This can help the consultant come up to speed about industry-specific terminology, product offerings, competitors, new entrants, regulatory issues, geographical considerations, etc.

Consulting 150

Consulting Management Case Interview Interviews 150

Chad Barr

JANUARY 8, 2025

Sam Altman, CEO of OpenAI and a driving force behind the AI tools reshaping industries, recently made a bold statement: “We are now confident we know how to build AGI (Artificial General Intelligence).” The potential applications span industries: Healthcare: Accelerating drug discovery and tailoring patient care with precision.

Trends 52

Trends eBook Training Training 52

Harvard Business

SEPTEMBER 29, 2023

And now, the high-tech industry is feeling the weight of a volatile market that has led to excess component inventory. Electronics littered shelves in 2001 after the dot-com bubble burst. In 2009, the financial crash left manufacturers with excess inventory when consumer buying power suddenly dropped.

Metrics 254

Metrics Financial Industry Marketing 254

Management Consulted

APRIL 2, 2017

Bain’s major industries of importance in the Middle East include Airlines & Transportation, Media, Mining, Oil & Gas, Retail, Private Equity, Social & Public Sector, Technology, Telecommunications, Utilities and Alternative energy (the oil will run out one day!). in revenue (wow!). Bain & Company. for example.

Oliver Wyman 160

Oliver Wyman Consulting Deloitte Real Estate 160

Kraft Kennedy

OCTOBER 30, 2024

Why Law Firms Are Embracing Application Rationalization An underrated operational advantage, Application Rationalization addresses an inefficiency common across law firms. Today’s market requires new levels of cost reduction, efficiency, and productivity. All About The Apps!

Software 52

Software Tools Comparison Operations 52

Successful Independent Consulting

AUGUST 24, 2022

Some of us have respected industry certifications such as Project Management Professional (PMP) or Senior Professional in Human Resources (SPHR). Rather we operate solo- or micro- businesses. Typically, we are not paid for tangible work products but for the total body of work fostering the desired results. However, LLC or Inc.

Consulting 195

Consulting Intellectual Property Deloitte Accenture 195