Today’s Generation

This takes us to our second topic - how is today’s workforce different from earlier generations? One of the main differences is with the rise of social media many of the younger generation are more affiliation driven than earlier groups. The opinion of others is critical and has implications for how they act on the job, but also drives who they pick for employment. The social contribution of current or future employers matters.

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Product Leadership or Quality

The consistent striving to provide your customers with leading-edge products/services or useful new applications of existing products or services. In order to do so, they must be creative, agile and fast.

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MURI - Any activity asking unreasonable stress or effort from personnel, material or equipment. In short: OVERBURDEN. For people, Muri means: a too heavy mental or physical burden. For machinery. Muri means: expecting a machine to do more than it is capable of or has been designed to do.

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Vision: the ability to anticipate possible future events and developments; known as a vision statement, mission vision, or business vision; the dream and operational philosophy needs to be converted into business language by creating a vivid mental image of the future, written in present tense as if it has been achieved, that conveys ​

WHAT the business has achieved and WHY. This is an expressed business goal based upon the founders dream and philosophy.

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Strategy & Organizational Development Services Practice Domain A knowledge base of professional services focused on improving the long term, strategic health of a company. The Strategy component covers general business planning, organizational design and development, initial public offering, and the strategic aspects of mergers and acquisitions. The Organizational Development component focuses on systematic change to achieve strategic goals.

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Strategic System Strategy Formulation (S1) One of two processes for determining long-term brand identity and creating strategy or direction, and deciding on allocating its resources to pursue this strategy, including capital and people. Various business analysis techniques can be used in strategic planning, including SWOT analysis (Strengths, Weaknesses, Opportunities, and Threats), ECCP analysis (Economic, Competitor, Customer, and Product (Service), STEER analysis (Socio-cultural, Technological, Economic, Ecological, and Regulatory factors), and EPISTEL (Environment, Political, Informative, Social, Technological, Economic and Legal). We use RESZ (Regulatory, Economic, Scientific, Zeitgeist), our own model for mapping the strategic landscape.

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What motivates people? How is today’s workforce different from earlier generations, and once you have selected and onboarded them - how to develop talent.

One thought as we start. Nobody in this or any other industry has a nursery out back growing future employees. We are all competing for the same talent and the question to consider - how are some companies attracting the right people?

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Operational Excellence is the execution of the business strategy more consistently and reliably than the competition. Operational Excellence is evidenced by results. Given two companies with the same strategy, the Operationally Excellent company will have lower operational risk, lower operating costs, and increased revenues relative to its competitors, and creating value for customers and shareholders.

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MURA - the Japanese term for variation leading to unbalanced situations - UNEVENNESS, inconsistency, or irregular demands. MURA exists when workflow is out of balance and workload is inconsistent and not in compliance with a standard. This is about Scheduling and is a senior management function.

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Your Dream The fundamental questions of: Why did you get into business? Why did you leave a comfortable job? Why did you take on all the risk and stress by gambling on yourself?

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