Tag Archives: business

Good Startup Ideas from Startup Weekend JB (Malaysia)

I like all these startup ideas from Startup Weekend JB (Malaysia). I can’t figure out how to comment on their blog (I am guessing Tumbler just eliminates commenting?), so I started this post – and ended up adding much more than I planned on putting in a comment. All of these ideas are not very technically challenging and pretty much versions of these businesses are already successful around the globe. But creating great user experiences (in apps or on web … Continue reading →

Posted in Customer focus, Innovation, IT | Tagged , , , , , , , , | 1 Comment

The Importance of Leadership by Those Working to Improve Management

This month Bill Troy, ASQ CEO, asked ASQ Influential Voices bloggers to explore the importance of leadership for every quality management professional. Leadership is important but also something that often is difficult to understand what exactly is meant by the person using the term. In Bill’s case he provides some guidance with: “Leadership encompasses… business savvy, people skills, and decisive action all are required to get results in the world.” The ability to find solutions and move forward efforts in … Continue reading →

Posted in Management | Tagged , , , , | 1 Comment

Out of Touch Executives Damage Companies: Go to the Gemba

When your customer service organization is universally recognized as horrible adding sales requirements to customer service representatives jobs is a really bad practice. Sadly it isn’t at all surprising to learn of management doing just that at our largest companies. Within a system where cash and corruption buys freedom from market forces (see below for more details) such practices can continue. Such customer hostile practices shouldn’t continue. They shouldn’t be allowed to continue. And even though the company’s cash has … Continue reading →

Posted in Customer focus, Data, Management, Psychology, Systems thinking | Tagged , , , , , , , , , , , , , , , , , ,

More Evidence of the Damage Done by Kleptocrat CEO Pay

I have been writing about the problems of overpaid executives that has lately become so bad that “overpaid executives” doesn’t capture the nature of the problem. Today I see many CEO’s are acting as kleptocrats do – taking food out of others mouths to build their castles. The damage done to everyone else involved is of no concern. Both groups love bankers that flood them with cash for new and larger castles at the expense of the futures of their … Continue reading →

Posted in Management, Respect, Systems thinking | Tagged , , , , , , , | 2 Comments

Steve Jobs on Quality, Business and Joseph Juran

This webcast shows an interesting interview with Steve Jobs when he was with NeXT computer. He discusses quality, business and the experience of working with Dr. Juran at NeXT computer. The video is likely from around 1991. America’s in a tough spot right now, I think. I think we have forgotten the basics. We were so prosperous for so long that we took so many things for granted. And we forgot how much work it took to build and sustain … Continue reading →

Posted in Customer focus, Management, Process improvement, Psychology, Respect | Tagged , , , , , , , , , , | 3 Comments

Kleptocrat CEOs and Their Apologists

I am disgusted by the lack of ethical and moral fiber of many CEOs of the largest corporations (along with their cronies and apologists) in the USA. This lack comes out in many ways (see all the scandals at the too-big-to-fail banks etc.) but the problem I am upset about now is the increasingly commonplace kleptocrat behavior. CEOs, and their cronies, were well paid decades ago. As their greed about their pay got to be unethical Peter Drucker started to … Continue reading →

Posted in Economics, Investing, Psychology | Tagged , , , , , , | 2 Comments

Jeff Bezos: Innovation, Experiments and Long Term Thinking

Jeff Bezos, bought the Washington Post. He has long showed a willingness to take a long term view at Amazon. He is taking that same thinking to the Washington Post: In my experience, the way invention, innovation and change happen is [through] team effort. There’s no lone genius who figures it all out and sends down the magic formula. You study, you debate, you brainstorm and the answers start to emerge. It takes time. Nothing happens quickly in this mode. … Continue reading →

Posted in Creativity, Customer focus, Innovation, Process improvement | Tagged , , , , , , , | 2 Comments

Executive Leadership

Senior executives must lead management improvement efforts. When senior executives only give lip service to management efforts the result is normally the same: little happens. When Dr. Deming was working with companies after the 1980’s NBC white paper, If Japan Can Why Can’t We, he wouldn’t work with companies if the CEO wasn’t attending the meetings and learning how to manage the organization better. Dr. Deming had seen far too many CEOs want improvement but wanted to delegate the effort … Continue reading →

Posted in Deming, Management, Psychology, Systems thinking | Tagged , , , , , , | 7 Comments

The Market Discounts Proven Company Leadership Far Too Quickly

Developing a strong executive leadership culture is not a short term effort. It isn’t based on one person. It almost never deteriorates quickly. Yet markets continually overact to minor blips on the long term success of companies. I think this is mainly due to a failure to appreciate systems and a failure to appreciate variation along with plenty of other contributing factors. The market’s weakness does provide investment opportunities. Though taking advantages of them is much more difficult than spotting … Continue reading →

Posted in Data, Economics, Investing | Tagged , , , , , | 1 Comment

USA Spent $2.6 Trillion, $8,402 per person,17.9% of GDP on Medical Expenses in 2010

The federal government financed 29% of total health spending in 2010, a substantial increase from its share of 23% in 2007. Meanwhile, the shares of the total health care bill financed by state and local governments (16%), private businesses (21%), and households (28%) declined during the same time period. Continue reading →

Posted in Economics, Health care, Systems thinking | Tagged , , , , , , | 2 Comments

Engage in Improving the Management System

To actually improve management you need to engage in continual improvement of your management systems. This requires doing the hard work of challenging complacency. The job of those improving the practice of management is not to make everyone happy and just ignore that the words about improvement are not actually carrying through to changes in behavior. Do Executives “Get It?” So many times executives spout the importance of new initiatives like wellness programs, safety programs, or improvement projects like Lean, … Continue reading →

Posted in Deming, Lean thinking, Management, Psychology, quote, Systems thinking | Tagged , , , , , , , , , , , , , | 4 Comments

Narcissistic Cadre of Senior Executives

In yet another voice against the looting mentality of the current crop of executives Chris Bones, dean of Henley Business School writes a A crisis of confidence? This has resulted in the creation of a narcissistic cadre of senior executives who knew no right but their own perception and brooked no criticism or check on their ambition. In their demands for personal rewards we have seen them in their true light. … Secondly, a responsible organisation should set limits above … Continue reading →

Posted in Economics, Psychology, Systems thinking | Tagged , , ,

Build Your Business Slowly and Without Huge Cash Requirements

Get Rich Slow by Josh Quittner At no other time in recent history has it been easier or cheaper to start a new kind of company… These are Web-based businesses that cost almost nothing to get off the ground … The term ramen profitable was coined by Paul Graham, a Silicon Valley start-up investor, essayist and muse to LILO entrepreneurs. It means that your start-up is self-sustaining and can eke out enough profit to keep you alive on instant noodles … Continue reading →

Posted in Career, Competition, Creativity, Innovation, Investing, IT, Management, Systems thinking | Tagged , , , , , , ,

Why Pay Taxes or be Honest

This kind of stuff makes me mad. I was taught about robber barons in school (or actually I think by my uncle but…). And what I was taught was that business used to be seen as an amoral area. But then society agreed (or rather it no longer was an accepted excuse to claim business was an amoral area) that morality applied to whatever you did, whether you were at work, or not. But we keep getting these continuing examples … Continue reading →

Posted in Economics, Management, Psychology | Tagged , , , , , | 2 Comments

Danaher Practicing Lean Thinking

Manufacturer’s Acquisition Strategy Sets It Apart From The Pack [the broken link was removed], Investors Business Daily: “It’s adapted from the Japanese Kaizen system,” Holmstead said. “Kaizen is a way of removing waste and standardizing processes and bringing underperforming or slow-growth companies with maybe single-digit margins up to midteen margins.” The keys are standardization, measurement and innovation — all directed toward the goal of continuous improvement. “It’s basically a set of tools that allows Danaher to make whatever widget they … Continue reading →

Posted in Investing, Lean thinking, Management, Management Articles, Manufacturing | Tagged , , | 1 Comment

Gladwell (and Drucker) on Pensions

The Risk Poolhttps://management.curiouscatblog.net/2006/08/21/gladwell-and-drucker-on-pensions/ by Malcolm Gladwell (author of The Tipping Point and Blink): The most influential management theorist of the twentieth century was Peter Drucker, who, in 1950, wrote an extraordinarily prescient article for Harper’s entitled “The Mirage of Pensions.” It ought to be reprinted for every steelworker, airline mechanic, and autoworker who is worried about his retirement. Drucker simply couldn’t see how the pension plans on the table at companies like G.M. could ever work. “For such a plan … Continue reading →

Posted in Books, Economics, Health care, Investing, Management, Popular, Systems thinking | Tagged , , , , , , | 1 Comment