Process
How to Create an Effective Brainstorming Process in Your Company
Maintaining a competitive edge is critical for businesses that want to survive and flourish in today’s age of skittish consumer interests. One day you are in vogue. In a week you are out when a competitor storms the market with that unique idea. Brainstorming is the easiest trick in the books for innovations, and today […]
All You Need to Know About Failure Mode and Effects Analysis (FMEA)
Analyzing failure is essential for rectifying issues and preventing them in the future. It can be catastrophic for a business to have a breakdown which halts an entire process; be it the manufacturing of a product or delivery of a service. One of the early test conducted to prevent such a breakdown is often the […]
Step-By-Step Guide to Creating a Viable Go to Market Strategy
The ultimate goal of any business is to grow and scale over time. Conquering a single market or customer segment is never enough – there’s always room for expanding further. To scale, businesses need to innovate and often innovations involve operational risks. Will investing $X in this new feature actually pay off? What should we […]
How To Use Hoshin Kanri For Business Planning
Without successfully implemented strategic planning, businesses are doomed to fail. That’s a well-known fact, so most companies regularly schedule planning sessions, create reports, forecast and so on. The real issue? All those “paper” efforts rarely result into action. Strategic planning, or more specifically, strategic execution fails as executives are tied with too many priorities, and […]