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Communicating with Case Studies A few weeks ago, a couple of colleagues and I discussed a new business idea. But, we had trouble expressing how this new business would provide value. Manufacturing Capacity as a Commodity Excess capacity in an automobile plant at Ford, Chrysler, Toyota, GM, and Honda is a commodity and those who study finite capacity scheduling modules can readily see the possibilities for increased production and that means profit. Einstein said time is relative, that is true, time is relative, manipulating commodity theoretical models allows companies to see thru time and keep costs and purchases on an even keel without the problems of relative time. Thus the commodity can be simplified to price/cost models. The commodity is still relative to fluctuations in currency, weather, and supply and demand. There is no reason a company like Ford cannot take those plants, which have closed and use them to make something else. Instead, they ran their plants at maximum capacity or close to it, and built lots of cars, which are now in the dealers or on their way to the dealers and there is no need to run the plants now sense there are enough cars built. If the cars become scarce, then the price goes up. As with anything; supply and demand. Are cars a commodity? It appears they are, but more so the time in the excess capacity in the factories is the real commodity although from a purely conceptual standpoint, both the time and the cars are commodities. How to Make the Best of it - Take Your Weather with You I once worked in a place where there were three lines of words, placed just before employees went from backshop to front of shop. These said:-Smile!Remember - you represent your CompanyDelight your customers.I realised I had choices right here. Auditing Improves Effective Planning Speak of operations assessment, and we'll hear its significant value. Speak of an audit, and we'll run for the nearest emergency exit. There's no difference between the two, yet that word audit chills us. But is an audit really designed to help us or hurt us? Preparing For ISO 9001 2000 Registration The steps need to be taken to prepare an organization for ISO 9001 2000 registration: The Inferno of the Finance Director Sometimes, I harbour a suspicion that Dante was a Financial Director. His famous work, "The Inferno", is such an accurate description of the job that it cannot be otherwise. He is fervently hated by the workers. He is thoroughly despised by the other managers ("mean bastard" is his common nickname among them, mostly for scrutinizing their expense accounts). He is dreaded by the owners of the firm because the powers that he has often outweigh theirs. Shareholders hold him responsible in annual meetings. When the financial results are good ? they are attributed to the talented General Manager. When they are bad ? the Financial Director gets blamed for not enforcing budgetary discipline. It is a no-win, thankless job. Very few make it to the top and the rest retire, eroded and embittered. Preparing a Budget Ok, you say, I know I need a budget, but how do I prepare one? The most common budget period is one year, but this can vary depending on whether or not your business has seasonal or cyclical fluctuations. For example if you run a Christmas decorations shop, or a costume shop your business is going to peak during certain times of the year. Innovation Management: The Power of Emotional Attachment Creativity can be defined as problem identification and idea generation whilst innovation can be defined as idea selection, development and commercialisation. Growing Profits is Easy! Everyone involved in running a business from the smallest start-up to a major corporate dreams about how to achieve sustained profitable growth. 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Excessive money tied up in delinquent receivables, bad checks, and bad debt write-offs, rob businesses of valuable cash flow, handcuffing their ability to grow or even stay in business at all. Creativity Management and Behaviour What behaviour maximises the chances of thinking of great ideas? What behaviour maximises the ability to nurture ideas until they begin to reveal their potential? Communicate To The Four Main Personality Types You probably know this already, but there are generally held to be four main personality types, which I call: Extrovert, Amiable, Analytical and Pragmatic . My Companys Leadership Sucks! Maybe it's the season or just a more buoyant job market; but lately I'm sure involved in a lot more discussions about leadership. Great Employees = Passionate Consumers Companies spend millions of dollars each year identifying their brand, and then communicating their brand promise through various media. Employee Orientation: The 90 Day Difference Why do some new managers succeed while others fail? It all depends on the first three months ? the critical time when the new hire is learning the ropes. The new manager's boss plays a vital role in the orientation process. Here are four strategies to quickly get the new hire up to speed and working productively
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