The collected Body Of Knowledge of the Operational Excellence Society.
Bloomberg reports that sometime next year, the Federal Reserve will likely face an unusual confluence of economic circumstances. One of its mandates, full employment, will call for monetary policy to tighten relatively quickly. On the other hand, inflation, will suggest it should stay loose. How should the Fed weigh these competing goals? It may want…
ByTED
Information security manager, David Grady, is on a mission to help you take back your calendar – so to speak. He means that an epidemic of bad, inefficient, overcrowded meetings is plaguing the world’s businesses — and it’s just making workers miserable. In this helpful TED talk, he shares some solid ideas on how to save…
ByTED
Social science researcher, Michael Norton studies how we feel about what we buy and spend. At TEDxCambridge, he shares fascinating research on how money can, indeed buy happiness — when you don’t spend it on yourself. Listen for surprising data on the many ways pro-social spending can benefit you, your work, and (of course) other people. Who said…
I recently read an article in the Operational Excellence Group: Getting to the Corporate Promised Land. It’s a great article listing the business benefits of Lean Manufacturing, or as I prefer to call it: Operational Excellence. The article cites progress and benefits in two companies – Toyota and Danaher. The benefits include: lead time reduction, productivity…
In the face of looming deflation in the developed world, it seems that economic policies are diverging all the more. When the financial crisis broke in 2007-08, most banks eased monetary policy significantly, but the trend changed in late October when the Bank of Japan, for one, stepped up its bond-buying. According to the Economist, this…
Reuters reports on Mario Draghi’s German problem: In early October, European Central Bank board member Benoit Coeure paid a discreet visit to the Chancellery in Berlin to express concerns about rising criticism of the bank from German politicians. Coeure, one of ECB President Mario Draghi’s closest allies in Frankfurt, hoped for reassurances that the bank bashing would stop. But…
