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Materials: Forging Ahead
Manufacturers are increasingly working with new, game-changing ingredients, becoming more and more inventive when it comes to the materials they use. The motivating factor behind this is the desire to continue to use experienced, high-end manufactures who are capable of guaranteeing a quality product – that obviously charge more than low-cost (inexperienced) manufacturers in foreign…
The Silver Bullet of Business Success
3 Powerful Questions that will Quickly Unleash the Extraordinary and Profitable Leader in You! 1. Do You Really Understand What Is Really Important? When a leader can truthfully and accurately answer this critically important question, the power of the 80/20 Principle can then be tapped and exploited to motivate the type of behaviors that will…
High-Speed Ad Traders Profit by Arbitraging Your Eyeballs
Bloomberg reports how the high-frequency trading pioneered on Wall Street has come to Madison Avenue. How? Arbitragers are buying millions of online ads and reselling them for a profit in the blink of an eye -literally. High-speed ad traders are exploiting price discrepancies in a fast-evolving marketplace, where this year companies around the world will spend an…
From Chaos to Cohesion: What Youth Soccer Teaches Us About Building High-Performance Business Teams
Spend five minutes watching a group of young children play soccer, and you will likely be entertained by the spectacle. There’s enthusiasm, laughter, a lot of movement, and almost no structure. Eleven kids (though it could be seven, or five, or however many happen to be on the field) swarm the ball like bees to…
Histograms – 101: See the Quality…
An important aspect of total quality is the identification and control of all the sources of variation so that processes produce essentially the same result again and again. At a glance, a histogram is a tool that allows you to understand a variation that exists in a process. Although the histogram is essentially a bar…
Time to pay the piper
The Economist suggests that America’s economic difficulties are mostly political. In fact, this article goes as far as saying that American capitalism is as spirited as ever. Who would have thought that the latest boom would be in an old, declining industry like oil and gas? Indeed, after the 2007-2008 recession, the American economy is slowly…
