According to Gladwell, the tipping point is the moment at which “an idea, trend, or social behavior crosses a threshold, tips, and spreads like wildfire..” Recently, HRB was engaged by an ESOP. An employee stock ownership company (ESOP) is an employee-stock owner program that provides a company’s workforce with an ownership interest in the company. [Continue Reading]
The One Best Way
Sunday’s sermon was about the workers and the vineyard, Matthew 20:1-16. “A landowner who went out early in the morning to hire workers for his vineyard. 2 He agreed to pay them a denarius[a] for the day and sent them into his vineyard. 3 “About nine in the morning he went out and saw others standing in [Continue Reading]
Things that Get Measured
The next time tells you we don’t make anything anymore in the USA; invite them to a take a foundry tour. What gets measured gets done. — Tom Peters A foundry is a factory that produces metal castings. Metals are cast into shapes by melting them into a liquid, pouring the metal in a mold, [Continue Reading]
Family Business and Chaos Theory
Family Business and Chaos Theory. Our Team continued to work at the family’s manufacturing plant. Improvement is difficult without stability. Do you know anything about the chaos theory? It has to do with fractal mathematics. A fractal is a natural phenomenon or a mathematical set that exhibits a repeating pattern that displays at every [Continue Reading]
Driftwood, Spalding and FMEAs
Design For Manufacturing . Otis T. Driftwood and Captain Jeffrey Spalding were working on a new design. It was late, shirt sleeved and tired, the subject turned to this design and what might go wrong. Otis and the Captain developed an experiment that product designers use to identify possible design failures, what the effects of [Continue Reading]
The Choreography of Sales Service – Should You Underpromise And Overdeliver?
. “We provide solutions.” Sound familiar, this is what our business is based on; what many business are based on, we all provide services. Today, the service sector’s share of the U.S. economy has risen to roughly 80 percent. Being a service business is complex, complicated and it’s on a continuum; customer’s expectations increase with [Continue Reading]
Hoshin Kanri And Business Process Management (BPM)
. Hoshin Kanri is an Eastern phrase. Toyota uses it and translates it as the “point of a compass, the shiny needle that points true North or The Direction.” Key Operating Indicators that are linked and shared are past of a Hoshin System. Everyone in an organization understands that these metrics point the direction we [Continue Reading]
Process Management Key To Capturing Market Share, Leveraging Changes In Market Conditions
Can better business process management practices improve your position by making it easier be first-to-market product change/innovation, service or delivery method? Family Businesses surveyed by a major accounting firm shared some interesting observations. One of their observation showed how family firms viewed the demand for their products over the past twelve months, 44% felt the [Continue Reading]