“Why Isn’t Government Lean?”; LMJ Board Member and XONITEK’s Chairman, Joseph Paris, weighs in on the role of lean in government.
Published in Lean Management Journal in the May/June 2014 issue.
Amid supply chain woes and inflation, five priorities for companies. Manufacturing companies are going through a fundamental rethink of their supply chain structures and long-term talent development plans as they look toward a post-COVID future. There is also a structural shift in priorities, attitudes and investments related to environmental consciousness. While ongoing inflation pains will…
The Economist equates the hit television series “Game of Thrones” with an epic battle going on between some of the world’s largest technological firms. Indeed, the tech industry has a history of bitter rivalries, including past battles between IBM and Apple, Microsoft and Netscape. But the rivalries shaping the market today are even richer and…
Human capital represents two-thirds of wealth for the average individual—and work experience contributes almost half of that value. he most important resource in any economy or organization is its human capital—that is, the collective knowledge, attributes, skills, experience, and health of the workforce. While human capital development starts in early childhood and continues through formal education,…
ByHBR.org
Summary. While no one can perfectly predict how a new job will turn out, staying alert to potential red flags during the interview process can help weed out sub-optimal employment options. Being observant in your interviews as well as attuned to how the process is managed, asking good follow-up questions, and doing your due diligence can…
ByHBR.org
Summary. To understand how profitable a business is, many leaders look at profit margin, which measures the total amount by which revenue from sales exceeds costs. But if you want to understand how a specific product contributes to the company’s profit, you need to look at contribution margin, which is the leftover revenue when you deduct the…
I wrote the first version of this article three years ago and have been updating it every year since. I have had a great many people remark to me that it has helped them a great deal (which is the point, I guess.) I have also had several people give me some new ideas and, of course,…
