Recently the world was transfixed on a catastrophic event where several people lost their lives due to the implosion of a small submersible vessel called The Titan.  Some people called the people involved heroic explorers, others called them silly for taking such a great risk. Which camp are you in? Either way, what I’d like to talk about is risk, and how to manage it by becoming a world class company and avoiding a catastrophic event. What can you do to insulate your business against risk? The following are the 6 Key Process Indicators (KPI’s) that greatly reduce risk and and help your business…

  It all depends on which world you’re in… What’s that you say? That doesn’t make sense to you? Well, it might if you think about it a little. When we experience cash shortages, our behavior changes, and sometimes it’s not always for the better. Let me introduce you to two different worlds: The Cost World The Throughput World The Cost World In the Cost World, we are very focused on costs. We look at every single expense and try to reduce it. We also tend to be obsessed with allocating all costs against the production of income.  But isn’t that a smart thing to do? After all, that…

  It all depends on which world you’re in…   What’s that you say? That doesn’t make sense to you? Well, it might if you think about it a little. When we experience cash shortages, our behavior changes, and sometimes it’s not always for the better. Let me introduce you to two different worlds: The Cost World The Throughput World In the Cost World, we are very focused on costs. We look at every single expense and try to reduce it. That’s not a bad thing unless it affects the Throughput World. In the Throughput World, we are paying attention to the speed/pace of the business, and amount of…