Both graduate degrees were in mathematics and physics. He later worked at the U. Department of Agriculture and the Census Department. While working under Gen.
You can't always tell which solutions are right for you, and trying them out one at a time can be time-consuming and expensive. Here are a few different approaches that have worked for many businesses, beginning with those that are least expensive and easiest to implement.
Getting Your Employees on Board One good way to improve both productivity and morale is to take the steps necessary to get your employees on board -- to create an atmosphere where individual employees take pride in their work -- also expressed as "assuming ownership.
Talk to them about their work.
Be open to suggestions for change. A solution your staff comes up has a better chance of succeeding than a solution you give Quality productivity and competitive. Always set goals; be sure they're achievable, particularly, as you begin or as you newly emphasize goal-setting.
Be sure to include rewards for goal achievement. Consider a profit-sharing or incentives plan that gives your employees a stake in outcomes.
Make Better Use of Data You probably started your business because you were passionate about it and because of what you hoped to achieve. But being passionate and hopeful only takes you so far.
As your business grows in size and complexity, you need to be able to look at it analytically, so you can see what's working well and where there's room for improvement. To do this, you need data.
Specifically, you need "big data," the very large data sets that reveal the underlying patterns that form your business. Gathering and analyzing large data sets is becoming easier to do and at decreasing costs.
A Forbes article on the use of big data in small business, explains how it can help you identify your customers better, and also how you can anticipate and answer their needs. Marketing initiatives based on sets of known data have a better chance of succeeding, and they will help you negotiate the promising but somewhat chaotic world of social media.
Two books that detail the use of big data in small businesses are listed in the References, and both of them are available from Amazon. Six Sigma One well-known, proven data-driven approach to maximizing the potential of your small business is Six Sigma, a measurement-based business performance strategy first began at Motorola in the s, and was used widely in many corporations since that time, especially under Jack Welch's leadership at General Electric.
The Six Sigma approach achieves improvements in process how you go about things in your own business and "variation reduction," achieving more consistent results by getting rid of variables that impede or diminish results.
It does this by first defining the process at hand, then actually measuring what's going on, analyzing the results of measurement and, finally, devising ways of controlling and improving results to achieve consistently high levels of quality and productivity.
Today, you can participate in the benefits of Six Sigma in several ways. Many books on the Six Sigma approach are available; after carefully reading one or two of them, you can put many of Six Sigma's initiatives into action yourself, without hiring anyone.
You can also enter into a Six Sigma qualification program -- basically, a training process that qualifies you at a specific Six Sigma level. You can also hire a Six Sigma coach to help you organize your business around Six Sigma principles -- usually, it's an executive who has gone through a full Six Sigma training program and has also used it in a leadership position in business herself.The book provides a full account of the author's fresh thinking on the primacy of improving quality, productivity, and competitive position, and of 4/5(4).
competitive advantage I n a product, quality ensures that the present expectations of the customer are Competitive edge is rampant with changes. The philosophy behind Quality and productivity. Productivity is a tool of measurement that determines the efficiency of the organization in terms of the ratio of output produced with respect to inputs used.
Various factors like technology, plant layouts, equipment, and machinery affect productivity. Hence, operations managers need to carry out a regular review of all these factors to maintain as well as improve productivity.
Currently the linkage between quality, productivity, and competitive position is stated as an hypothesis, “Improving quality leads to increased productivity which in turn results in a more robust competitive position.” This hypothesis has garnered many adherents and has a body of qualitative.
Video: Productivity, Quality, Profitability and the Role of Managers Top-, mid- and low-level managers play a significant role in how productivity and quality affects profitability in . To remain competitive, organizations need to integrate and synergize both productivity and quality.” Despite the need to integrate and synthesize the quality and productivity approaches, little empirical research has been conducted to examine the commonality between the two (Mohanty ).