The collected Body Of Knowledge of the Operational Excellence Society.
In order to achieve Operations Excellence, organisations need to be good at both Reactive and Pro-active Improvement. Unfortunately, many organisations are so focused on Pro-active Improvement through their Lean, Six Sigma and TPM initiatives that they lose sight of the importance of effective Reactive Improvement. I often refer to Reactive Improvement as ‘below the line’…
Reuters reports on new investment related developments between Cuba and Europe, with a focus on possible obstacles in the form of human rights. The good news is, the European Union decided to seek negotiations with Havana on increasing trade, investment and dialogue. This will mark their closest connection after years of tension about Cuba’s human rights…
Reuters reports that European Union banks have shrunk their loan books by over $5.5 trillion since the global crisis of 2007-08. This, in an attempt to cut risk on their balance sheets, choking off credit to companies and stalling the region’s recovery. As a consequence, businesses hunting credit are now forced to look beyond wary EU banks for…
According to the Economist, the relationship between business and the state bears some resemblance to the Rhine in the Middle Ages. Like those Rhine boatmen, the companies operating within national borders must pay something towards the cost of supporting commerce, but if the tolls are excessive, trade will suffer. In such a scenario, some of the world’s 200…
We have all come to hold some knowledge, at least, about the wolves of Wall Street. But as for the barons of high-tech/wolves of the web – these guys tend to think of themselves as very different creatures from the barons of Wall Street. In the words of Steve Jobs, they are “the crazy ones, the…
ByTED
The Chief Economist at General Electric, Marco Annunziata is a financial virtuoso with a passion for technology. In this thoughtful TED talk, he explains and elaborates a bit more on the term “Internet of Things”. He takes a look at how technology is transforming the industrial sector, creating machines that can see, feel, sense and react —…
