Lean Value Proposition by Walter McIntyre
The basic Lean and business value proposition in looks like this:
Profit = Perceived Value – Inherent Value
Lean process improvement projects address the Inherent Value piece of this equation. The idea is to reduce the inherent cost of production and delivery of the product or service. A common mistake that teams make is to assume that inherent value issues are not customer driven. This is a case of being inwardly focused instead of a more balanced focus (inward and customer driven).
“I See You” Management, by Walter McIntyre
Connectivity between human beings is the beginning of synergy. It is written in our genetic code and expresses itself in our drive to connect to others and be part of a group. Since this is how we are wired, it only makes sense that the most effective management styles, as far as us humans are concerned, leverages this aspect of our specie’s corporate psyche.
I would call this “I See You” management. I did not coin this phrase, but since I cannot remember who did, I will use it for this post. The way I see things, “I See You” management is based upon three levels of recognition.
Statistically Estimating Project Timelines by Walter McIntyre
Why is it that projects more often than not come in behind schedule and over budget? This question drives business executives crazy. Why shouldn’t there be an even split between on time project delivery and late project delivery? These are valid questions.
Operational Excellence by Walter McIntyre
Trying to define operational excellence (OE) in a way that fits every organization is difficult. It is also area of business strategy which is sometimes viewed myopically. Myopically, in this case is an unbalanced approach to everything in the article below. Remember , no customers equals no profit.
I prefer to break OE down into areas focused on customers, sustainability, innovation, performance, leadership and people. To be effective OE has to be relevant to all aspects of business operation. Therefore, OE may have a hierarchy of definitions as it is propagated throughout a business. The core values are the same, but there will be differing levels of granularity, all focused on the core business objectives. For example, an operator working on a turret has the same high level goal as someone from HR, but different granular objectives specific to their tasks.
Myopic life Can’t see the forest for the trees
Myopic Thoughts by Walter McIntyre
Myopic vision: Near sited. Eye fails to resolve distant objects.
Prescription: Corrective glasses or surgery to focus images on the retina instead of in front of it.
Myopic life: Can’t see the forest for the trees. Impatience and failure to see the big picture.
Prescription: Look for balance in your perspective. Long term success is built on short term success. You can’t master a musical instrument in a day, nor can you accomplish great things over night. The best things in life come after hard work and long waits.
Entrepreneur Life by Walter McIntyre
For the most part, all of us have a robust fear of failure. We are good at counting the cost of trying and failing. We are also pretty much aware of what we don’t want to lose. The result is that we miss opportunities due to not taking the risk of possible failure.
What we are not good at, is evaluating the risk of not trying. We decide to play it safe. Understand, though, you are guaranteed to fail if you don’t try. By playing it safe all the time, you limit your opportunity for success.
Lean Marketing and Product Development by Walter McIntyre
Lean principles apply to any process based operation. I cannot think of any process that does not have non-value added components in it that create the opportunity for waste production. In fact, by definition, a non-value added component in a process is waste.
Walter McIntyre Incomplete Success Thoughts
Can you remember when you graduated from high school or college? The feeling that you could change the world and that you could be and do anything you choose? Can you also remember the day you realized that maybe you were not going to change the world and that you were limited to what you could be?
I can. I can also remember feeling disappointed in myself when my dreams for success did not immediately come true. Fortunately, I had a wise adviser in my life that helped me put things into perspective.
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Walter McIntyre’s Incomplete Success Thoughts
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Some Thoughts by Walter McIntyre
Some thoughts from my day.
The universe is big and I’m not the center of it.
Who knows more about this than I do about me?
Find out who’s on my team and link arms with them. Form a personal advisory group.
Does life happen to you or do you happen to life?
Surround yourself with the best in class. You can’t soar with the eagles if you are hanging with the turkeys.
What question do you not want someone to ask you? Answer it and own it.
Managing an Innovation Team by Walter McIntyre
Innovation is as much about failure as it is success. Innovation thrives in a culture that is open to challenging the status quo and allowing employees to make mistakes as new ideas are generated. Organizations that do not tolerate failure simply cannot innovate in a way that we would call successful.
Managing an organization that has an innovative culture can be stressful, as there is bound to be friction as new ideas rub up against established ways of doing things and other employee’s ideas. This friction is good if managed right. This means creating a safe environment for commenting on ideas, introducing ideas and “sharpening the sword” against each other.