Efficiency vs Fairness

Tom Spencer

On Thursday 23rd of June, the British people voted by a majority of 52% to 48% to leave the EU. This is a monumental event, and it is worth trying to piece together what happened, and what some of the implications might be. The voter turnout was strong with around 72% of voters casting a ballot. However, the results showed significant division within the UK, with different regions and demographics supporting different sides of the argument.

How to turn marketing efficiency into growth

McKinsey

At Western Union, fueling growth starts with taking a hard look at how effective current marketing programs are. Chief Strategy, Product and Marketing Officer Libby Chambers explains how it’s done. Our Insights

Sustainable compliance: Seven steps toward effectiveness and efficiency

McKinsey

Banks do not control the demand for compliance, but they can optimize the effectiveness and efficiency of their response. Our Insights

Using analytics to increase satisfaction, efficiency, and revenue in customer service

McKinsey

Payments providers that adopt advanced analytics to develop integrated approaches to customer service are seeing significant improvements. Insights on Financial Services

An efficient operating model for US regional banks

McKinsey

To break out of a performance rut, US regional banks must fundamentally redesign and simplify their operating models. Our Insights

Great Companies Obsess Over Productivity, Not Efficiency

Harvard Business

Business leaders often think of “efficiency” and “productivity” as synonyms, two sides of the same coin. When it comes to strategy, however, efficiency and productivity are very different. This view differs substantially from the relentless focus on efficiency that has characterized management thinking for most of the last three decades, but it is absolutely essential if companies are going to spur innovation and reignite profitable growth.

Building efficient IT organizations: Insights from our benchmarks

McKinsey

A focus on five high-level capabilities may help IT organizations reduce costs, improve productivity, and successfully pursue digital innovation. Our Insights

How Managers Can Make Group Projects More Efficient

Harvard Business

We may have hit a saturation point when it comes to collaboration. Consider the following: Research out of the University of Pennsylvania’s Wharton School and the University of Virginia’s McIntire School of Commerce shows that time spent by managers and employees in collaborative activities has ballooned by 50% or more over the last two decades.

Government Efficiency: State Dept Gives 75-Year Estimate to Release Clinton Aides’ Emails ‘Not Outlandish’

MishTalk

Some people raised eyebrows when in response to a freedom of information request the state department said it would take … Continue reading → Economics

How Companies Are Using Machine Learning to Get Faster and More Efficient

Harvard Business

Although machine-reengineering is new, companies are already seeing striking results with it, particularly in boosts to speed and efficiency. Workers can become more efficient and effective, which improves workflows as well as the bottom line.

Rolling Back Fuel Efficiency Is a Bad Deal for Everyone — Including U.S. Carmakers

Harvard Business

” Let’s explore the impacts of one of the most prominent examples of regulatory retrenchment in the works: the rollback of auto fuel efficiency standards. Department of Transportation review the previously agreed-to fuel efficiency marks. ” A weakening of efficiency standards may save the automakers some money in the short-run, and the press is certainly calling it a “victory” for the auto giants.

Technology That Improves the Customer Experience and Boosts Efficiency

1 to 1

Over the years, there have been quite a few technologies that have emerged that offer the double threat of strengthening the customer experience while improving operational efficiency. These include self-service tools, mobile field service applications, and systems used to support crowdservice forums. Add inContact''s new outbound predictive dialing system to the mix. There’s more… To read the rest of this blog posting click here or visit www.1to1Media.com/weblog.

How to Win with Automation (Hint: It’s Not Chasing Efficiency)

Harvard Business

” So the key to winning in the era of automation, where robots do jobs formerly performed by humans, is not simply more efficiency, but to explore and identify how greater efficiency creates demand for new jobs to be done. In 1900, 30 million people in the United States were farmers. By 1990 that number had fallen to under 3 million even as the population more than tripled.

Consultant Ninja: Information Visualization Irony: Management.

Consultant Ninja

It lacks functionality and an efficient UI, and is overpriced." - Andy Holaday "Its a cascading hierarchy of awfulness, which almost makes it challenging to critique!" - Tim Wilson "But it’s not just the people with the purse strings who will buy something because its a) pretty, b) expensive and c) they’ve heard of it." - N Barrett. skip to main | skip to sidebar. Consultant Ninja.

The Art of the Transition

Strategy+Business

How to navigate from task to task with greater efficiency

The Art of the Transition

Strategy+Business

How to navigate from task to task with greater efficiency

United Air Lines: Five Lines, Two Lines, No Lines?

The Crazy Lives of Consultants

And these lines tended to spill out across the terminal, blocking annoying-electric-carts and business-people-with-somewhere-to-go with equal efficiency. Although all airlines suck, you still have to pick one. So I picked United.

Continuous Improvement for Nonprofits

The Nonprofit Consultant

In any economy, non-profits need to run efficiently. Tags: continuous improvement processes Nonprofit management efficiency From Guest Blogger: Brian Leitten. Mr. Leitten is an experienced non-profit leader and consultant, chief executive and attorney. He provides consulting services nationally to non-profit leaders from his office in Port Orange, Florida. He can be reached at Leitten Consulting - consulting.leitten.com.

How private equity is tackling operational complexity

McKinsey

General partners are improving their efficiency and scalability through digital and analytical tools. Insights on Private Equity & Principal Investors

If You Can't Save 1/10 of a Second, You Can't Save 1 Second

Markovitz Consulting

It was an incredibly efficient cell already, with no obvious waste that we could see. I’m back from joining Honsha on their semi-annual Executive Development Mission to Japan. It was a remarkable learning experience — although I’ve been on two other study trips to Japan, there’s always something new to see and understand when you visit a company that has adopted (and adapted) the Toyota Production System.

Why the Construction Industry May Be Robot-Proof

Strategy+Business

There is something unique about building houses that inherently eschews efficiency and automation

Transforming IT infrastructure organizations using agile

McKinsey

Agile methods can be used to boost efficiency, speed, and quality. Traditional ways of managing IT infrastructure can impede the fast-paced delivery of digital solutions. Digital Insights

Agile 74

What’s behind the pharmaceutical sector’s M&A push

McKinsey

There are lessons for other industries in the way pharma companies use mergers to innovate, work more efficiently, and bolster product portfolios. Strategy & Corporate Finance Insights

The Imperfect Job Market

Strategy+Business

The persistence of shortages in a range of industries indicates the market is far from efficient

The Labor Market Needs Visible Hands

Strategy+Business

The persistence of shortages in a range of industries indicates the market is far from efficient

The #1 Quality Your Prospects MUST Have

David A Fields

Raymond, a 38 year-old operations efficiency consultant on the West Coast wanted to snag some strategy projects.

Capital project value improvement in the 21st century: Trillions of dollars in the offing

McKinsey

A holistic and practical approach can increase project value by making capital spending more efficient. Insights on Capital Projects & Infrastructure

#10: Here's a Quick Way to Overcome Resistance to Change

Consulting Matters

Changes that impact workflow and organizational structure affect more than process efficiency and the bottom-line. Download Episode Transcript. One of the biggest lies we all believe in is that "It's nothing personal - it's just business."

How Do You Say “No” When You’re Hungry for Consulting Business?

David A Fields

You have to keep the lights on, so take work that keeps your business running… as long as: 1) it’s work you are good at; 2) it’s work you can do very efficiently; and, 3) it doesn’t take up more […]. A consultant asked me the following question: My business really isn’t strong yet.

How solar energy can (finally) create value

McKinsey

The keys to improvement are better capital and operational efficiency. The market for solar power is growing faster than ever, but profitability has been lagging. Our Insights

Energy 114

Charging ahead: Understanding the electric-vehicle infrastructure challenge

McKinsey

Access to efficient charging could become a roadblock to electric-vehicle uptake. Let’s look at the numbers and costs behind the problem. Automotive & Assembly Insights

The next frontier for digital technologies in oil and gas

McKinsey

Harnessing new technologies could boost efficiency—a mandate that’s especially important for oil and gas players globally. Our Insights

Public–private collaborations for transforming urban mobility

McKinsey

Partnerships that let cities take advantage of new mobility services should make urban transportation more accessible, affordable, and efficient. Our Insights

Agile with a capital ‘A’: A guide to the principles and pitfalls of agile development

McKinsey

Understanding the true principles of agile can give companies the ability to work quickly, boosting efficiency and product success, and, ultimately, creating real, lasting value. Our Insights

Agile 71

How Much Does It Cost to Run a Small Business?

MBO Partners

Efficiently running an independent business involves significant time and effort. This infographic summarizes common tasks and solutions

Bend, Don’t Break: How Shale Operators Can Survive Volatile Commodity Prices

BCG

Shale operators must do what is necessary to negotiate today’s highly challenging environment while maintaining the gains they have made in operational efficiency and positioning themselves for a volatile future. Focus Tuesday, March 21, 2017.

The Magic of Predicting Demand from Data

Strategy+Business

Using digital technology and data, demand sensing allows for a far more efficient supply chain, too The application by companies of demand sensing can significantly improve their ability to predict when consumers might demand a product.

How IT can drive agile development

McKinsey

A simple idea: update your operating model to be able to build small, self-contained teams that create change quickly and efficiently. Our insights

Agile 87

Transforming HR and culture: An interview with Banco de Crédito del Perú’s Bernardo Sambra

McKinsey

An HR leader describes how an effort to increase his bank’s efficiency meant challenging the bank’s culture—and himself. Our Insights

Back Office Management for Independent Contractors

MBO Partners

How to manage your back office so your business runs efficiently and effectively

Attacking the cost of cash

McKinsey

What can they do to promote cash efficiency and cut the costs of their cash operations? Targeting cash costs will be crucial for financial institutions looking to stay competitive. Insights on Financial Services

Intelligent process automation: The engine at the core of the next-generation operating model

McKinsey

Here’s how to use them to enhance productivity and efficiency, reduce operational risks, and improve customer experiences. Full intelligent process automation comprises five key technologies. Our Insights

Tips on How Consultants Can Balance Working Long Hours and Managing a Healthy Life

Steve Shu Consulting

An end goal might be to target roughly 60 hours of work per week on average, and that requires prioritization and efficiency. Consultants do work long hours. Not as bad as investment bankers though. In my opinion, it takes a conscious effort to have a healthy lifestyle in consulting.