Operational Excellence and Lean Six Sigma

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[Daily Case Analysis] Let's sharpen your strategic thinking skills 🧠 Consider this: An industrial equipment manufacturing firm, based in North America, realizes the pressing need for an effective Business Continuity Plan, particularly after undergoing several sudden internal and external disruptions which have led to considerable financial losses and business risks. What's the challenge? Despite their existing plan, these disruptions exposed its limitations and lack of incorporation of disaster recovery strategies. The company needs to redesign and optimize its Business Continuity Plan structures to minimize downtime and swiftly ensure business operations in times of unforeseen events. How would you approach this situation? Here's our analysis: https://lnkd.in/etium45n What did we leave out? Leave your thoughts, advice, and critique below. 👇 Follow for more daily case studies! #casestudy #businesscontinuityplanning #bcp #disasterrecovery #crisismanagement #businesscontinuitymanagement #management #strategy #consulting #leadership

Business Model Innovation (BMI): Business Model Journey https://lnkd.in/egPgGQen In this article, we will go on a journey… a journey for your Business Model. As we all know, innovative Business Models can reshape industries and drive tremendous growth.   In fact, if executed successfully, Business Model Transformation can make organizations resilient in the face of Disruption and create Growth unbounded by the limitations of its businesses. However, Corporate Renewal and Business Model Innovation (BMI) are difficult  to achieve, as many executives do not understand what truly drives BMI. To begin, let’s first breakdown– what is a Business Model?   As defined by Clayton Christensen, author of the Innovator’s Dilemma, a Business Model consists of 4 elements: Customer Value Proposition – The Customer Value Proposition is the “job to be done.” In other words, it is our offering that helps customers to more effectively, conveniently, and/or affordably do a job they’ve been trying to do.  The most important attribute of a Customer Value Proposition is precision—how perfectly it addresses the customer to be done and nothing else. Profit Formula – For a business model to be viable, it must be able to make the company money.  The profit formula dictates the margins, asset velocity, and scale requires to achieve an attractive return for the company. Key Resources –  Key Resources captures the people, technology, products, facilities, equipment, brands, and cash necessary to deliver on our Customer Value Proposition.  The focus is on the key elements that create value for the customer and the company. Key Processes –  The Key Business Processes are ways of working together to address recurring tasks in a consistent way.  These processes include training, development, manufacturing, budgeting, planning, sourcing, service delivery, etc. Key processes also include the organization’s rules, metrics, and norms. Many high-tech startups have figured out the Customer Value Proposition, but not the Profit Formula and thus do not have a viable Business Model. As an organization matures, its Business Model evolves naturally through a predictable 3-phase journey, what we call the Business Model Journey .  It begins with the creation of the Business Unit and its Business Model, followed by sustaining and growing the business, and ultimately later to driving efficiencies from it.  This is depicted on the slide below. Each stage of the Business Model Journey lends itself to a particular type of Innovation, builds a particular set of interdependencies into the Business Model, and is best measured by a particular set of Key Performance Metrics (KPIs) . Let’s take a closer look at each of these 3 phases. Phase 1. Creating Innovation The focus of this inception phase is for the business to find a product-market fit.  In doing so, it is se..

Did you know 80% of the results come from 20% of the effort? Learn best practices to focus on the 20% that count. 💡 Today's Featured Best Practice: McKinsey Feedback Model (21-slide PPT) --> https://lnkd.in/e7wcwvAK Giving feedback can be difficult and it can be a challenge. When not founded on specific framework and structure, it may result into predominantly negative feedback. It is essential that giving ... 🗎 Full details and download here: https://lnkd.in/e7wcwvAK #feedback #management #strategy #consulting #leadership

[Daily Case Analysis] Let's sharpen your strategic thinking skills 🧠 Consider this: The organization is a leading aerospace parts manufacturer that has been grappling with declining customer satisfaction scores and an increasing number of service complaints. What's the challenge? Despite having a robust product line and a significant market share, the company's after-sales service has not kept pace with rapid changes in customer expectations. As a result, the organization is facing challenges in customer retention and loyalty, impacting its long-term revenue potential and market position. How would you approach this situation? Here's our analysis: https://lnkd.in/d3iWuDma What did we leave out? Leave your thoughts, advice, and critique below. 👇 Follow for more daily case studies! #casestudy #customerexperience #customerstrategy #userexperience #management #strategy #consulting #leadership

2×2 Matrix for Platform Scaling Strategy https://lnkd.in/dkJAYGU The phenomenal success of tech innovators using Platforms has spurred a desire in companies, from a greater variety of sectors and markets, to gain advantage of Product to Platform Transformation . This Transformation is based on the need to model businesses on a Customer-Centric Design approach.   The need has arisen because the concept of Economies of Scale has become archaic and has been taken over by Economies of Unscale .  Each customer is now being offered customized products and solutions. The phenomenal success, by the trailblazing tech innovators, was achieved partly by deploying Platform Scaling that enabled Business Transformation and monopolization of the market.  Though, this monopolization and questionable use of the Platform, especially data generated therefrom, saw attempts to regulate these tech companies—making the decision to scale a complex one.  Understanding the intricacies of Platform Scaling is thus critical to the development and deployment of any Platform Strategy . When considering Platform Scaling Strategy , there are 2 key aspects that are of utmost significance: Regulatory Complexity Regulatory Complexity means present level of legal and regulatory impediments that govern Platform entry and operation in a sector.   Regulatory Risk Regulatory Risk refers to the probability of an upsurge in Legal and Regulatory Costs and Complexity in the future. Some equitable and measurable metrics for calculating Regulatory Risks do exist but generally it is extremely challenging to predict policy outcomes or even ascribe odds to various outcomes. A straightforward approach for Platform owners and operators to understand and evaluate the prospective combinations of Regulatory Complexity and Risk is to create a 2×2 matrix of high vs. low for the 2 factors. Regulatory Complexity and Risk are turning out to be the determining factors in the strategic decision between Fast and Slow Scaling. Fast Scaling, which has also been referred to as Blitzscaling, requires choosing speed over efficiency.  Fast Scaling has the strategic objective of growing briskly, experimenting swiftly to tweak product-market fit, and taking advantage of robust network effects to achieve and maintain a leading market share. Fast Scaling is required to activate 3 interconnected positive feedback loops: Network Loop Data Loop Capital Loop. Slow Scaling is the most sensible strategy in areas with both High Regulatory Complexity and High Regulatory Risk.  Slow Scaling does not disregard the quest for network effects, which are a requirement for success of platform businesses, but it gives preference to analysis, constant growth, and risk curtailment instead of speed. Platform businesses functioning in High-Risk, High Complexity situations may evade pitfalls by employing 4 key com..

Are you effectively leveraging data and insights to drive strategic decision making? 💡 Today's Featured Best Practice: Digital Transformation Artificial Intelligence (AI) Strategy (27-slide PPT) --> https://lnkd.in/e7JfiNnQ The rise of the machines is becoming an impending reality. The Artificial Intelligence (AI) revolution is here. Most businesses are aware of this and see the tremendous potential of AI. This ... 🗎 Full details and download here: https://lnkd.in/e7JfiNnQ #rpa #artificialintelligence #roboticprocessautomation #nlp #management #strategy #consulting #leadership

[Daily Case Analysis] Let's sharpen your strategic thinking skills 🧠 Consider this: A global retail conglomerate is experiencing zero growth despite strong sales due to high operating costs and inefficiencies in Value Creation. What's the challenge? The gist of the challenge lies in the vestiges of past acquisitions, which has led to a highly complex corporate structure and business operations. The company possesses multiple duplicative processes, outdated and incompatible legacy systems, and a stifling hierarchy that is slowing decision-making. The company wishes to untangle this web and streamline Value Creation to enhance profitability, operational efficiency, and marketplace competitiveness. How would you approach this situation? Here's our analysis: https://lnkd.in/e7W-_4iR What did we leave out? Leave your thoughts, advice, and critique below. 👇 Follow for more daily case studies! #casestudy #shareholdervalue #shareholdervalueanalysis #maximizingshareholdervalue #valuecreation #totalshareholdervalue #management #strategy #consulting #leadership

💡 Today's Featured Best Practice: 10 Principles of Managing Strategy through Execution (21-slide PPT) -- https://lnkd.in/eiKRCVwF Linking Strategy with Execution is crucial for the success of organizations, driving Innovation, Quality, and Growth. If they don't align in a coherent way, the organization potentially risks losing its focus. Leaders need to be expert at both Strategy and Execution. For organizations to become successful global businesses, they need to organize a clear winning Value Proposition, underpinned by unique capabilities, by linking their Strategy with Execution to everything they accomplish. Strategy entails the proposed plan of action to achieve objectives, whereas execution encompasses myriad of daily decisions by the employees at every organizational level. Unfortunately, most organizations fail at bridging the performance gap between Strategy and Execution. In fact, one global survey conducted by leading global consulting firm asked 700 business executives to rate their top management in terms of their effectiveness at both strategy and execution. Only 8% leaders were considered effective at both. 🗎 Full details and download here: https://lnkd.in/eiKRCVwF #bestpractice #strategydeployment&execution #strategydeployment #strategyexecution #management #strategy #consulting #leadership

[Daily Case Analysis] Let's sharpen your strategic thinking skills 🧠 Consider this: The organization in question operates within the semiconductor industry, which is characterized by high capital expenditure and complex supply chains. What's the challenge? Recently, the organization has observed a misalignment between its operational capabilities and the evolving market demands, leading to a suboptimal return on investment and diminishing shareholder value. The company is grappling with outdated manufacturing technology, supply chain vulnerabilities, and competitive pressures. The aim is to realign the organization's strategic priorities to enhance operational efficiency, reduce costs, and ultimately maximize shareholder value. How would you approach this situation? Here's our analysis: https://lnkd.in/euZ5-ngF What did we leave out? Leave your thoughts, advice, and critique below. 👇 Follow for more daily case studies! #casestudy #shareholdervalue #shareholdervalueanalysis #maximizingshareholdervalue #valuecreation #totalshareholdervalue #management #strategy #consulting #leadership