Strategy - page 2

Change management - What is it and why do you need it?

Darryl Bachmeier Aug 21, 2019 Strategy

Organizations are constantly evolving with the change of process and technology. The dynamism of business processes is constantly pushing them to adapt to new scenarios and environments. Something as recent as Covid-19 forced many businesses to adopt changes that would’ve otherwise not been implemented. The process of bringing changes and ensuring the changes have a desired result and impact is termed as change management. Change management is an intricate part of any business considering it is the only means of assessing whether the implemented changes are having the desired change or not. By nature, people are resistant to changes. We love to stay and operate in an environment and process that is familiar to us. Bringing about changes to any existing system that is in effect for a long time might have a negative impact on the employees and the overall output of the organization. so how do you effectively...

How to Maximize Brainstorming in Your Organization

Darryl Bachmeier Jun 26, 2019 Strategy

Need is the necessity of invention. However, we don’t always have the luxury of time to wait for inspiration to arrive before we produce innovation. In this fast-paced and modern world, time is crucial all the time. Whether you are working on a solution to a problem, thinking of a way to battle a competitor, or looking to create a revolutionary product to get ahead of everyone in the market, it is beneficial if you and your team know how to bring your ideas together to reach a common goal. For organizations, brainstorming paves the way for the best ideas that come. Why Brainstorm? Brainstorming is a great way to collaborate and get creative juices flowing. For a leader, it is healthy to do brainstorming consistently and not only when faced with challenging situations. It stimulates the brain to continuously generate ideas, as well as ask questions that could potentially...

How To Manage And Unblock Bottlenecks

Darryl Bachmeier Jun 25, 2019 Strategy

Unblock Bottlenecks A problem occurs in a process when the input comes faster than using it to create output in the next step. The term compares property (information, materials, products, and human times) to water. When water is poured from a bottle, it must pass through or through the neck of the bottle. The wider the Bottleneck, the more water (input assets) you can pour. The smaller, or narrower, the Bottleneck, the less you can pour - and you end up with a backup or “Bottleneck.” What are the types of Bottlenecks? Short-term Bottlenecks Short-term Bottlenecks caused by temporary complications. A great example is when key team members are sick or on vacation. No one is available and qualified to take over their projects, which causes a backlash in their work until they return. Long-term Bottlenecks Long-term Bottlenecks occur all the time. There will be an example when a company’s...

How-Make-Root-Cause-Analysis-Work-for-Your-Organization

Darryl Bachmeier Jun 24, 2019 Strategy

While we cannot always test the waters before we go through them, we can resort to a systematic way of analyzing a situation and mitigate the risks and of identifying a problem and finding a solution. We can follow these steps like we used to back in middle school in Science class: Identify the problem Observe and analyze Formulate a solution Make a conclusion For organizations, you can follow the same backbone but only to expound step two, resulting in more outputs for step three, which also broadens your ability to cope with it the next time the problem happens. Quality management is important for organizations as it centralizes the quality standard across all the branches of the organization. These branches were asked to simultaneously follow the same approaches as well as use the same tools and techniques to address a problem. Root Cause Analysis (RCA) is one of the...

How Negotiation Tactics Helps You To Get The Best Deal

Darryl Bachmeier Jun 21, 2019 Strategy

A negotiation tactic, compared to a negotiation strategy, a maneuver to be used in the heat of war; A move, reversal or adjustment as you work to get the best result in no time. Tactics can be used with manipulation by another party, and moving you from a defensive position to a more vulnerable area to attack you. As a negotiator, you need to be prepared for such tricks at every turn. Most tactics are of one of five basic types: pressure, delay, manipulation, power (gain the lead over) and joint. We will discuss some of the tactics commonly used and how to identify and neutralize them to keep the negotiations on a policy path. Ways to prepare before negotiations begin Research the other party Find out about the other party. If you are negotiating with a group practice, read everything on its web site and ask for any marketing...

Best Strategies to Avoid Groupthink in the Workplace

Darryl Bachmeier Jun 6, 2019 Strategy

Often, we are called to have camaraderie with our workmates. Especially when the company is about to embark on another book year or a new project venture, it helps to have that atmosphere of unity among its employees. This fosters collective sense of encouragement and positivity in the group. However, collective thinking becomes a problem when there’s no room for outside opinions, freedom of choice is limited, and healthy disagreements are rare. Groupthink is an unhealthy consensus in decision-making wherein the compelling forces for the agreement are fear, lack of judgement, and lack of critical thinking. Group or department leaders must be responsible not to allow his or her team to develop groupthink. Even if it means that not everyone will agree with you, what’s more important is that you can count on them to help you arrive at the best decision and not just nod in agreement with you...

The first step of problem-solving – The 5 whys analysis

Darryl Bachmeier May 15, 2019 Strategy

Looking for easy problem-solving hacks isn’t always effective. Sometimes it’s necessary to really dive into the details and ponder on the root cause of it. Luckily, there are a wide range of techniques that contribute to good lean management. In this article, we’ll be discussing the 5 whys technique. And yes, it’s really as simple as it sounds. The 5 Whys technique is a simple yet effective technique that forces teams to beg the question: “Why did this happen?” It’s commonly used for unexpected events or challenges. So, who started the 5 whys anyway? Toyota Motor Corporation happens to be the pioneers of the 5 whys process. The architect of Toyota, Taiichi Ohno used this approach to get his team to ponder on the actual cause of the problem. Benefits of the 5 whys analysis? The 5 whys analysis works by team members asking ‘why’ about a particular problem multiple...

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