Audacity "In a time when computers are replacing many basic human functions, it will eventually come to be that audaciousness, vision, courage, creativity, a sense of justice – these will be the only tasks left to us." -Ryan Holiday Artificial Intelligence (AI) may be the great equalizer when it comes to competitive advantage...until courage and [...]
Pay and Performance There’s a good chance your top performing employees are underpaid and your lowest performing employees are overpaid. Look at your pay scales and productivity. If this is the case, what are you going to do about it?
Here's What's Better Than A Punch In The Mouth Our vision and goals are clear to us when we launch a new business, product, or adventure. We set out in that direction with great enthusiasm taking one step at a time looking at what is immediately in front of us. How often do we look [...]
Don’t Let Sunk Costs Be an Anchor on Your Business By Preston Sumner and Brian Rouff Preston: Brian, when you described tearing down and rebuilding your business model, the phrase that came to mind was “creative destruction.” Besides being a powerful concept from John Boyd’s OODA process, creative destruction goes against the grain of the [...]
Is Google Really That Smart? (Or Why Decision-making Based On Averages Is Dangerous) As artificial intelligence (AI) expands to fill every part of our lives, we are getting increasingly comfortable relying on it. For example, we buy a product on Amazon and get a glimpse of other products that Amazon recommends. Many of them are [...]
"Two is one and one is none." When designing processes, risk management must be taken into account. What is the impact of a failed component? Can the throughput of the process be protected by the use of several lower capacity machines rather than a single high capacity machine? Can a job be shared by two [...]
"There is nothing so useless as doing efficiently that which should not be done at all." -Peter Drucker EFFECTIVENESS must come before efficiency. Effective means creating value for a customer. Processes must be designed to eliminate activities that do not add value. This is an important source of competitive advantage.
Don't Set Goals...Set Milestones The problem with goals is that the word infers a destination, an endpoint. A milestone is an achievement along a journey. Your business and your life are journeys. Celebrate your milestones, then start moving toward the next.
What Do Tim Tebow, Le’Veon Bell And John Boyd Have In Common? Tim Tebow took the Denver Broncos to the playoffs in 2011. He took over the quarterback job after a 1-3 start under another quarterback and took the team to a win in the first round of the playoffs. Tebow never got another start [...]
Are You Experienced? Jimi Hendrix unknowingly posed an important business process question in 1967 as the title to a song and his debut album. An earlier article, “If It’s Not a Process, It’s a Problem,” discussed the importance of processes. This article will discuss how we go about developing good processes. Any good process begins [...]