While perusing though LinkedIn updates recently, I noticed a definite trend when it comes to comparing Managers and Leaders. It basically boils down to this: Manager = Bad; Leader = Good.
Based on the prevailing wisdom, one would come to the conclusion that managers are evil, nasty, no good, dirty, rotten, scoundrels, while leaders are compassionate, kind, giving of their time, and patient, caring, just plain wonderful people. Continue reading
It’s good to be Tesla. With pre-orders for the yet to be release Model 3 over 325,000, each with a $1,000 reservation fee, Tesla just “crowd-sourced” over $325 million. Pretty Impressive. If all of these orders transfer into sales, then Tesla will make somewhere around $14 Billion in revenue. More Impressive. However, while the analysts might be oohing and ahhing over Tesla’s production facility and these orders, actually producing them might be a little more daunting. In what may be the understatement of the year, CEO Elon Musk tweeted, “Definitely going to need to rethink production planning…” Continue reading
Recently, I have had many discussions with colleagues about whether or not the primary purpose of Lean is to eliminate waste or to increase value. I’m a proponent of the latter, where Lean is to increase value with respect for people. Yes, in order to increase value, waste must be removed from the system, to which, my colleague says, “See, it comes down to eliminating waste. Besides, that’s easier to understand.” Continue reading
The other day, I met a young entrepreneur who is just starting his company with a product that he has a great passion for and thinks will perform very well in the market (due to confidentiality, I won’t mention its name). He was telling me all about how great it was, how he already had a sales channel set up through a friend, so on and so on…. Continue reading
I was watching a show the other day about the making of The Beatles album, Sgt. Pepper’s Lonely Hearts Club Band, and one of the things that struck me about the show was the mention of one of the reasons why The Beatles stopped touring: “We couldn’t hear ourselves onstage.” Ringo mentioned he was just hoping he was playing the right notes as he couldn’t hear the music and was trying to play by reading John and Paul’s lips. The sound amplification technology of the day just wasn’t good enough to allow The Beatles to keep touring. Continue reading
Editors note: While some may consider Design Thinking and the Lean Start Up methodology competing, in my view they compliment each other quite well. This post is my view on how they can be integrated to help organizations succeed.
The importance of design cannot be understated. It is a premise that most readily accept, especially when it comes to product design; but when we take an honest assessment of the results of our projects (or initiatives), in retrospect, many of our designs – system designs – are poor. Problems and opportunities are identified, and a solution is visualized, but at the end of the day, the vision rarely materializes as originally seen.
Design Thinking incorporating the Lean Start Up can help.
A few weeks ago, I had the honor and privilege to speak to the founders of four manufacturing startup companies as part of the Vogt Awards program. The topic was near and dear to my heart – Lean Manufacturing. Continue reading