The
Finish Strong� monthly e-newsletter helps
business leaders examine issues important to taking
operational performance to world-class levels.
Do your Operations deliver your company's espoused
competitive advantage to every client on every
order?
Finish Strong� is about developing an appropriate
Operations strategy and executing it effectively,
dotting operational i's and crossing operational
t's as you go.
Your company cannot afford to be sloppy if you
want it to be great.
MESMERIZED BY HOLIDAY HUSTLE AND BUSTLE
The pundits pay great attention to the quantity
of shoppers out on Black Friday. We see front
page photos of shoppers standing in line at 4:00
a.m. ready to rush in when the doors open. But
it's not how many are in line that matters, it's
how much they spend. Hustle and bustle may make
a good picture, but it's not the same as cash.
Motion is different from results. Having more
people stand around the machine that isn't working
doesn't get it fixed. Yelling "don't just
stand there: Do something!" encourages motion,
but not results. Motion for motion's sake makes
everyone look busy, but does nothing to make yours
a better company.
We've built this monster by encouraging the "act
busy; the boss is coming" mentality. It's
time we kill it. A constant state of urgency is
exhausting and can hide the truth. Are we running
around because it will make us more profitable,
or because we don't know what else to do?
Hustle and bustle makes great photos. Consistent
priorities, an understanding of the relationship
between time and money, and a system that flows
smoothly may not look exciting, but it can be
very profitable.
GROW AND DELIVER
— ACT NOW!
You've improved your operations — you KNOW you
have — but costs don't seem to be falling as
much as expected. You don't want to lay off people,
but how else can you reduce costs?
You want to grow your business, but are struggling
with how best to do that. New applications, new
products and services, new markets, and new positioning
can all be viable options, but how do you decide?
A great growth strategy, supported by great market
tactics, can fall apart if operations can't deliver
on the promises you make. Improved operational
capability can be ephemeral if you don't sell
it.
That critical integration of top line growth
and enhanced operational capability to ensure
the bottom line grows with it is why Andy Birol
and I have developed a fully customized onsite
"Grow and Deliver Workshop" for your
business, ownership group, private equity group
or association.
Sign up between now and December 31, 2007 and
you will receive our "invest now to make
2008 great" discount. See www.GrowAndDeliver.com for more information. And as they say, act now!
PROTECTING
INTELLECTUAL PROPERTY
We hear that one of the most challenging
aspects of manufacturing in China is protecting
intellectual property. We think US "business
ethics" and patent laws are superior. Having
said that, you may want to keep an eye on pending
legislation in our own country.
The Patent Reform Act of 2007
is working its way through Congress. Admittedly,
whatever it says now may bare little resemblance
to what it says if and when it ever gets passed,
but for those of you with a vested interest
in current patent law, it's worth checking out.
The draft includes a move from
"first to invent' to "first to file,"
from judicial review of patent challenges to
review by the patent office, and makes it more
difficult to prove willful infringement.
If invention and innovation are
key to the future of our economy, it's important
that those activities be both supported and
protected.
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