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Process Design

Lessen your Cost, do not create more, the Key to Success

In business, ideas for new products and production techniques tend to emerge during times of crisis when the old products and methods have become unprofitable and create more cost. This is the case with “lean production,” a method of planning for demand by reducing waste, developed in Japan by the Toyota Motor Corporation in the…

September 27th, 2020
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Operation

R&D: Vital Element during the Pandemic

Research and development (R&D) is an investigative and creative work intended to lead to discoveries or improvements in existing products or processes. Some companies, in areas such as computer software and pharmaceuticals, depend on scientific research to bring about technological breakthroughs and keep themselves on the cutting edge of their industry. Others apply R&D to…

September 27th, 2020
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Manufacturing & Supply Chain

COVID-19: Lessons on Supply Chain and Distribution

The COVID-19 pandemic has hit global trade and investment at an unprecedented speed and scale. Multinational companies faced an initial supply shock, then a demand shock as more and more countries ordered people to stay at home. The urgent need to design smarter, stronger, and more diverse supply chains has been one of the main…

September 27th, 2020
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Accelerator Party

Corona Cultural Instructions regarding Business

During COVID-19 communicating across countries and cultures are getting more and more important. The industrialized nations of the world are experiencing unprecedented change. In much of Europe, for example, it is possible for EU citizens to travel from country to country without a passport, conducting transactions in a common currency. Barriers to trade have tumbled…

September 23rd, 2020
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Enterprise Agility

Agility in Business and Organizations: The knowhow

Business agility is the ability of an organization to adapt quickly to market changes-internally and externally. Agile organizations can renew themselves, change, and adapt rapidly in a changing and ambiguous environment. Agility is not in contrast with stability. Agility requires stability to work properly. As organizational structure flattens authority and autonomy to the workforce increases…

September 23rd, 2020
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Enterprise Agility

Feedback in Crisis: Marketing and Management

During a crisis such as the coronaviruses, teamwork comes first, one of the most important features in teamwork is communication among members. A team is only as good as its communication; misunderstandings can cause a huge amount of extra work and lost time. When managing a team, focus on giving constructive feedback, briefing thoroughly, and…

September 23rd, 2020
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Benchmarking

Long-tail Business: The future in Crisis?

Selling less of more is a future of businesses in the crisis like the coronavirus Today, companies are no longer constrained by physical space or the costs of reaching their market. They can now offer a large number of niche products too many individual customers. Consumers have an increasing choice and want to express their…

September 23rd, 2020
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Negotiation

Business Culture: Ins and Outs

What is culture? Organizations build a sense of identity through tradition, history, and structure. This identity is kept alive through the organization’s culture: its rituals, beliefs, legends, values, meanings, norms, and language. Corporate culture determines how “things are done around here.”Culture provides a shared view of what an organization is (the intangibles) and what it…

September 23rd, 2020
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