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Fear can paralyze; risk can be managed. The Delta variant of Covid-19 is spreading primarily among the unvaccinated. We are currently facing supply and demand uncertainties that have crippled many manufacturers, but it’s time to turn our eyes to managing specific risks.You know how to deal with many of the
Learning from Observation CEOs, COOs, and consultants like myself do NOT know everything. We shouldnât pretend to, nor expect ourselves to. We do need to constantly focus on learning, thinking, and applying what makes sense. We all too often overemphasize the differences and underestimate the similarities of our operations with that of others. Becoming skilled at recognizing which differences truly matter in a specific circumstance and which s...
Inconvenience and risk are present in our manufacturing businesses every day. Some should not prevent us from moving forward now; others represent to much potential risk â probability and/or severity â and require delay as we better understand and plan. You likely do much of this in your head daily, but may not realize that all your employees do the same things. You are not likely aware of what assessment process each uses. Worker accidents often emanates from failure to understand risk, or the belief that management...
Last week’s podcast exposed my frustration with executives and journalists who claim to understand lean but obviously, to me and my opinionated thinking, do not. Today I will share a few of the critical distinctions that underlie my passion.First, when I hear the word “lean” I immediately think of the Toyota
What I Learned From the PLA’s Latest Strategy Textbook May 25, 2021 08:32 AM Age: 4 hours Image: The cover of the 2020 revision of the Science of Military Strategy, released in August 2020 (Source: Author’s records). Introduction Science of Military Strategy (战略学, zhanlüe xue) (SMS), a core textbook for senior PLA officers on how wars should be planned and conducted at the strategic level. This article compares the 2020 version of this book with its last revision, in 2017, and finds that the former contains new details on wartime political work, “intelligentization” concepts, ...