Tom Spencer

MARCH 28, 2025

Although initially viewed with skepticism, blockchain is now being embraced for its potential to streamline operations, reduce costs, and enhance security. However, as they embrace the digital currency revolution and adopt blockchain technologies, their operations will become more efficient and transparent.

Banking 88

Banking Financial System B2B 88

Markovitz Consulting

DECEMBER 17, 2018

In that regards, it’s an excellent reference book that belongs on every bookshelf. Identifying the root causes of a problem that prevent something from operating as it should. The 5-Why inquiry that identified the lack of a strainer, and kept production on target, is emblematic of this type of problem solving.

Tools 150

Tools Operations Examples Analysis 150

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

Successful Independent Consulting

AUGUST 24, 2022

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. after your business name also promotes the image that you operate a company rather than just doing projects on a freelance basis. However, LLC or Inc.

Consulting 195

Consulting Intellectual Property Deloitte Accenture 195

Epicflow

MARCH 22, 2023

Also, if a company decides to cut expenses but does nothing to increase operational efficiency, it may lead to delivering low-quality output and decreased customer satisfaction. To achieve this, you should analyze your business processes, improve operational efficiency, and identify the causes of excessive expenses.

Resources 164

Resources Management Efficiency Operations 164

Epicflow

JULY 20, 2022

Sometimes, it’s rather difficult to predict whether a company will be capable of delivering a certain product or service, whether it’s reasonable to invest in this project, and how it will affect the current workflow. Will the delivered product/services be in demand on the market? Operational feasibility . Types of feasibility

Study 147

Study Management Resources Analysis 147

Harvard Business

MARCH 15, 2017

Over the past 20 years the economy has progressively moved away from the traditional model of centralized organizations, where large operators, often with a dominant position, were responsible for providing a service to a group of passive consumers. Recently, a new technology has emerged that could change this imbalance. Insight Center.

Operations 134

Operations Government System Software 134

Harvard Business

OCTOBER 17, 2017

Yet for too many entrepreneurs, especially those steeped in tech and devoted to product, strategy often seems to be an afterthought. Experiment and create a great product, the thinking goes, then scale, and then figure out the business model once you’ve succeeded. What Value Are You Intending to Create, and for Whom?

Strategy 134

Strategy Strategy& Strategy Operations 134

Successful Independent Consulting

APRIL 27, 2022

If you refer to yourself as a freelancer or consultant, what does that imply? By contrast, professional independent consultants operate as microbusinesses. Freelancers use artistic or technical skill to generate work products. If you were a hotel chain, would you be a Motel 6, Courtyard by Marriott, or a Ritz-Carlton?

Consulting 195

Consulting Accenture Hotels Nonprofit 195

Markovitz Consulting

JULY 30, 2020

The reorgs didn’t address the real problems with our products and pricing. Reorganizations bulldoze those intangible assets into oblivion, ensuring that for six months at least, a company will be operating much less effectively. People who study system dynamics refer to “ fixes that fail.” Is your service competitive?

Productivity 124

Productivity Research Sales Operations 124

Epicflow

JANUARY 19, 2022

Electric Vehicles Production and Sales Will Grow. The start of autonomous vehicles services: in Germany, roboshuttles (Level 4 autonomy) for the first time ever will be allowed to operate as regular services on public roads. References . What else should we expect in 2022? Trends and Developments in Electric Vehicle Markets.

Automotive 238

Automotive Trends Industry System 238

Chad Barr

JANUARY 8, 2025

” This is not just a tech milestone—it’s a harbinger of a seismic shift in how businesses operate, innovate, and grow. From AGI to ASI: A New Frontier Artificial General Intelligence (AGI) refers to machines capable of learning and reasoning across a wide range of tasks, much like humans.

Trends 52

Trends eBook Training Training 52

Harvard Business

JULY 25, 2017

In July 2013 we implemented a randomized controlled trial in five factory units in Bangalore operated by Shahi Exports Pvt. Workers within and across production lines were randomized into treatment (PACE training) and control (no PACE training) groups. percentage points more productive than control workers and working 7.8

Company 125

Company Training Training Study 125

Harvard Business

MAY 25, 2016

The first use case involves predicting demand for consumer products that are in the “long tail” of consumption. This method works well for popular products in large regions but tends to fail when data gets thin because random noise overwhelms the underlying signal. Operations in a Connected World. Predicting demand.

Data 132

Data Advertising Operations Case Studies 132

Epicflow

JULY 12, 2022

The primary goal of becoming a data-driven organization is to improve decision making, which in turn will provide customers with better products or services and as a result increase profitability and facilitate business growth. . Culture in this case refers to people, processes, and change management. References . Rowshankish.

Data 187

Data Analysis Efficiency Survey 187

Clarity Consultants

OCTOBER 25, 2023

Organizational structure refers to how an organization arranges its employees, roles, and resources to achieve its goals. There are a few ways that it impacts an organization, including defining roles and responsibilities, decision-making, efficiency and productivity, employee morale, and more.

Organizational Development 162

Organizational Development Efficiency Development Productivity 162

Harvard Business

DECEMBER 13, 2017

Because I teach a course on Product Management at Harvard Business School, I am routinely asked “what is the role of a Product Manager?” ” The role of a Product Manager (PM) is often referred to as the “CEO of the Product.” Aron Vellekoop Len/Getty Images. Core Competencies.

Productivity 71

Productivity Management Engineering Case Interview 71

Tom Spencer

OCTOBER 8, 2013

THE Ansoff Matrix (referred to by some commentators as the Product/Market Expansion Grid) was developed by a Russian-American mathematician named Igor Ansoff , and first explained in his 1957 Harvard Business Review article entitled Strategies for Diversification. What is a Product-Market Growth Strategy? Background.

Productivity 113

Productivity Transportation Development Marketing 113

Epicflow

FEBRUARY 8, 2024

Leveraging Cutting-Edge Technologies Under current conditions of economic turbulence, workforce shortage, and supply chain disruptions, manufacturing organizations should work towards increasing the efficiency of their operations, achieving business agility and resilience. Here are some of the examples. AdvancedTech. Industry 4.0.

Trends 130

Trends Talent Deloitte Efficiency 130

Tom Spencer

APRIL 1, 2017

Most of us work pretty hard to ensure an even schedule throughout the working week: five or more days of calm, measured – if industrious – productivity. Taking even a 30 second break can improve your productivity by 13% – so it is worth doing, even if your logical mind reckons that working straight through will get more done.

Productivity 68

Productivity How To Energy Exercises 68

Harvard Business

FEBRUARY 27, 2018

These misinterpretations create an anxiety that can become costly, affecting morale, engagement, productivity, and innovation. To perform at the highest levels, remote teams have to find new and better ways to operate. Remote communication can distort the normal pace of our conversations.

How To 191

How To Conference Groups Operations 191

Successful Independent Consulting

JULY 21, 2018

About two months ago, the California Supreme Court issued a unanimous decision in the case Dynamex Operations West Inc. Related video, “ Friends Don’t Let Friends W-2 ”*) Although this court decision directly affects only California companies, other states are likely to follow suit and use this ruling as a reference.

Apparel 150

Apparel Advertising Consulting Operations 150

Harvard Business

FEBRUARY 5, 2018

Practically every organization today has a set of core values that ideally function as the “operating instructions” of the company. 90% of them reference ethical behavior or use the word “integrity,” 88% mention commitment to customers, and 76% cite teamwork and trust. CSA Images/Getty Images.

Ethics 134

Ethics B2C B2B Company 134

Harvard Business

AUGUST 14, 2018

Many leading American digital firms, including Google, Amazon, eBay, and Uber, have successfully expanded internationally by introducing their products, services, and platforms in other countries. failure to fully embed operations in China. Uber sold its operation to Didi Chuxing. Paper Boat Creative/Getty Images.

Case Interview 130

Case Interview Intellectual Property Interviews Operations 130

Harvard Business

MAY 11, 2017

That’s because most companies view their competition as another brand, product, or service. Sure, someone in your company needs to understand the marketplace: who your competition is, what other products are on the market, and how they are doing, at a basic level. Stop setting goals by reference to other companies.

Real Estate 134

Real Estate Video Productivity Analysis 134

Harvard Business

APRIL 13, 2017

While both technologies refer to the same process, there is a slight nuance to each. We’re defining AI here as a broad term that loosely refers to computers that can perform tasks that once required human intelligence. A cognitive system can perceive and infer, reason and learn.

System 114

System Training Training Video 114

Harvard Business

JUNE 7, 2017

First, managers should ask themselves if they have automated processes in problem areas that cost significant money and slow down operations. For example, online retailers can adjust product prices daily because they have automated the collection of competitors’ prices. Automating basic processes. Trying out AI.

Company 134

Company Telecommunications Data Retail 134

BCG

MAY 9, 2016

BCG’s Retail-Banking Excellence benchmarking study (REBEX) profiles the operational and digital practices and performance of 20 of the world’s leading retail banks, a group of 40 institutions chosen for their size and the strength of their capabilities. We refer to these banks as the “premier league.”

Operations 40

Operations Retail Banking Benchmarking 40

Epicflow

JUNE 10, 2024

In addition, their focus on effective resource allocation, stakeholder engagement, and change management contributes to enhanced operational efficiency, increased agility, and improved project outcomes. What is the difference between a Chief Project Officer (CPO) and Chief Operating Officer (COO)? References Antonio Nieto-Rodriguez.

Resources 157

Resources Methodologies Efficiency Metrics 157

Harvard Business

NOVEMBER 6, 2018

Consumers can select one-click options to get their delivery within a specific timeframe, but are oblivious to the operational complexity that goes on behind the scenes to make it happen. Amazon and other digital retailers have done just that. Incentivize progress. We know that providers influence where consumers go for health services.

System 123

System Insurance Insurance Education 123

Women in Consulting

APRIL 10, 2014

If we want customers and prospects to feel something for our products other than boredom and disaffection, we cannot aim our content solely at their “logic” brains. Stories that illustrate how your products and services have made a difference for customers are a huge sales advantage. Think of Martin Luther King, Jr.’s

B2B 127

B2B Marketing Examples Sports 127

Tom Spencer

APRIL 6, 2019

Finding valuable insights: Structured and unstructured data sources can uncover patterns and relationships that reveal customer needs, expose system vulnerabilities and improve productivity and performance. Tailoring products to individual needs: Big data allows an organisation to narrowly segment customers.

Data 106

Data Consulting Agile Industry 106

Consulting Matters

JANUARY 29, 2020

In the past you operated in a compensation model where you do work and then get paid. Now you're operating in a return on investment model where you invest your money, time and talents in your business with the expectation of a return. They may ask you to coach a leader who is interfering with the happiness of the production team.

Consulting 177

Consulting How To Talent Training 177

Harvard Business

SEPTEMBER 11, 2017

There is no burden on those who proposed a new idea or technology to talk to customers, build minimal viable products, test hypotheses or understand the barriers to deployment. Most importantly, minimal viable products and working prototypes will have been tested. government federal research agencies to turn ideas into products.

Engineering 136

Engineering Government Productivity Data 136

Harvard Business

DECEMBER 17, 2018

Questions like this involving issues like politics, human rights, or equality often present themselves sooner or later for any business operating in global markets. According to Reuters reporting , until a few years ago the bank operated in Sudan, a country whose government was under U.S. sanctions, like Iran. Who Benefits?

Government 132

Government Financial Banking Operations 132

Harvard Business

DECEMBER 11, 2018

Flow refers to the state of full immersion in an activity, and you might know it best as “the zone.” ” A 10-year McKinsey study on flow found that top executives are up to 500% more productive when they’re in a state of flow. The Modern Organization Sabotages Productivity.

Productivity 133

Productivity Study Meeting McKinsey 133

Harvard Business

JUNE 20, 2016

First, directors face a real challenge in making sure that protection and alignment of key governance and risk management issues doesn’t crowd out equally important dialogue around strategy and operations. I’m not against benchmarking and norming. Let’s take pay.

Company 126

Company Benchmarking Balance Sheet Intellectual Property 126