Your product becomes indispensable when others build it into their business model. Cell phones are only one example of that. What are the options to your product, and what can your product enhance? Morgan suggests two questions you should answer.
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What are the fundamental questions you must answer to help each of your 5 constituencies become more successful because of their relationship with you? Not the “nice to know,” but the “have to know.” These become the life preservers.
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Many people believe that technical expertise is required for manufacturing success. Here Becky explains 6 elements of mindset that you will need.
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How can a manufacturing operations leader stay abreast of evolving trends, decide which to prioritize and move forward without making the big mistake?
Rebecca shares a plan to follow.
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Rebecca shares some inexpensive and simple methods to be manage your business risks, from customers, suppliers, employees, product, and evil intent.
Executive Summary: We can’t prepare for every eventuality and we shouldn’t. But there are inexpensive and simple methods to be reasonably prepared. First, consider these normal sources of business risk: Customers,Suppliers,Employees,Product and materials, Competitors,Evil intent of others, Bad luck, and of course, Lousy Leadership. In most of these categories, you can identify the likely risk categories quickly. As a minimum, you can set simple metrics or processes to assess status. A bank that’s not prepared to handle a robbery is incompetent. Manufacturers can prioritize risks based on likelihood and define prevention, recognition and mitigation plans. These quick risk management steps are inexpensive and simple to execute. It’s unethical and lousy leadership that escorts a company totally unprepared for likely risks.
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Not everything is learned in Kindergarten – Rebecca explains key lessons she learned from her mentor Ed along her journey of lifelong learning. These simple lessons will help you too.
Executive Summary: Do you have very simple tests for distinguishing those you want to work with from those more trouble than they’re worth? Next, ignorance is not a bad thing, unless we try to hide it. I don’t need to pretend I know everything. Neither do you. False omniscience is expensive. ..who makes the most isn’t a big deal. What is a big deal is who brings the most value. The biggest lesson running through all these examples is that simplicity is more effective than complexity. Each of these examples demonstrate a straight forward approach. No effort to complicate.
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Rebecca explains how to plan a supplier conference so that everyone benefits.
Executive Summary: A well-planned supplier conference can strengthen the supply chain, prevent significant problems, and reduce time-to-market for more than one participant. The first step in planning an effective supplier conference is a clear statement of its purpose.Next, the host should invite those suppliers most impacted by the primary topic, or with the greatest ability to impact it. You may be surprised to learn that there’s no need to invite all suppliers for the entire conference. For those suppliers integral to accomplishing the purpose, invite their employees best able to contribute during the meeting, not those who can convey messages later. Please share your experiences with effective supplier conferences so we can all learn
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Here’s how to keep your best employees, even when you don’t have a lot of promotion opportunities.
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Rebecca discusses how to make your organization so enticing that potential customers can’t say no to you.
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