Performance management (PM) is the process of ensuring that a set of activities and outputs meets an organization’s goals in an effective and efficient manner. Performance management can focus on the performance of an organization, a department, an employee, or the processes in place to manage particular tasks.
This is a big and touchy topic, I know. I intend only to begin a dialog, not present an exhaustive treatise. First, let me define what I mean by “safety stock,” or SS: Not the restrictive, MRP-specific adder to gross requirements, but the general concept of buffer inventory. SS, determined correctly and optimally, protects against random variations…
Whilst few within supply chain would argue against the concept and its potential benefits, there are barriers. Research carried out across leading manufacturing companies within the U.S.A showed that whilst 90% considered themselves as lean, only 20% extended deployment beyond the shop floor. Within the supply chain the main barriers were identified as: Perception that…
ByHBR.org
Disruptive innovation has been praised by entrepreneurial and large, well-established organizations alike, including Intel and Salesforce.com. But According to Harvard Business Review, the theory increasingly stands in danger of becoming the victim of its own success. This, being due to the fact that it’s generally misunderstood and its basic tenets frequently misapplied. As it happens, many…
According to the Economist, things are not exactly as they seem at most glamorous tech startups that offer illusory extravagant perks to their employees. While software firms are supposed to be a paradise for “talent” – showering workers with fabulous salaries and perks to the likes of cooked food, on-site gyms and yoga classes – there exists…
As the UK economy continues to lick its wounds and works hard to rebuild a more rosy future, it is a useful time for reflection and improvement. Whilst very few industries emerged unscathed, in the construction industry there is no disputing the level of chaos and damage caused by half a decade of economic quagmire….
ByHBR.org
At a recent strategy meeting with the leaders of a Fortune-500 company, the word “culture” came up almost 30 times in just 1.5 hours. As most business leaders believe, a strong organizational culture is crucial to success, yet culture tends to feel like some magical force that can’t be controlled. As such, most executives manage it using pure intuition. By…
