Remove Benchmarking Remove Productivity Remove Research Remove Turnaround
article thumbnail

The First Step to Fixing U.S. Manufacturing

Harvard Business

Even more striking, new research from the McKinsey Global Institute analyzes firm-level financial results and finds a stark contrast in performance between the biggest U.S. Past work by McKinsey found that inefficiencies in manufacturer-supplier interactions add up to roughly 5% of development, tooling, and product costs in the auto industry.

article thumbnail

Private Equity’s New Phase

Harvard Business

These buy outs shifted agency from owners to managers; “corporate raiders” worked with high-yield debt to fund these turnarounds. This phase was loosely called leverage buy out (LBO) from about 1979 to 1990 and included over 2,000 LBOs. Leaders were driven by short-term profits and rapid action to flip the organization.

Talent 28
article thumbnail

Reflecting on David Garvin’s Imprint on Management

Harvard Business

The articles — “Competing on the Eight Dimensions of Quality” (1987) and “What Does ‘Product Quality’ Really Mean?” ” (2008), it seems to me, is that it serves as an assessment tool that allows managers and executives to benchmark their organizations against other units and companies.