Remove 2008 Remove Development Remove Efficiency Remove Productivity
article thumbnail

A New Quest for Consultancy: Transitioning from Just-in-Time Logistics

Tom Spencer

Since the philosophies, frameworks, and insights developed by top firms contribute to the business practices which play a role in making the economic system unsustainable, a crisis signals the need for reflection. This system drastically reduces the need for inventory, which boosts production efficiency in two major ways.

article thumbnail

Main Risks of Aerospace Engineering Projects: How to Implement Wise Risk Management into Your Organization

Epicflow

developing a poor project plan), Executing (e.g., Issues with the supply chain lead to poor quality of products and delays in their releases. AS9100 is an international standardized quality management system for the aerospace industry, which aims to improve safety and reliability of aerospace products. Customer satisfaction. .

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What is digital currency?

Tom Spencer

Since the advent of Bitcoin in 2008, digital currency has been a growing trend and a growing area of interest for consultants, businesses, fintech investors, central banks, and governments. This also includes Bitcoin (created in 2008) and Ethereum (created in 2015). Reading Time: 6 minutes. What is the value of digital currency?

Banking 120
article thumbnail

Centralized Decision Making Helps Kill Bad Products

Harvard Business

Killing products isn’t easy. Engineers and managers toil for months, often years, to conceive, develop, and launch new products. In our five-year study of global handset makers , we found that most firms pull products when they turn out to be obvious disasters such as the Note 7. Know the big picture.

article thumbnail

3 Tactics for Accelerating Company Performance Despite an Economic Downturn

Organizational Talent Consulting

Scenario development of multiple potential stories about what the future might look like. Organizational Development can support the implementation workshops with change models and activities for the workshops. Examples include social media usage and engagement, organizing survey results, and operational efficiency data trends.

Company 52
article thumbnail

3 Steps to Cultivate an Innovation Culture

Organizational Talent Consulting

An innovation culture supports beliefs and feelings about the importance of innovation, as well as habits that encourage research and development. This culture emphasizes efficient, reliable, and cost-effective performance. Culture is the one thing that impacts everything. This culture highlights coming in first. billion on R&D.

Culture 52
article thumbnail

Successful Project Delivery in Aerospace and Defense: Success Criteria

Epicflow

At the same time, customers who want the developed product to meet their requirements to the full may turn a blind eye to a project delay and/or cost overrun if it’s necessary to deliver the product they need. Product success. Criteria belonging to this level refer to the product or services being delivered.