Tom Spencer

JUNE 9, 2023

These systems can suggest relevant products that customers are likely to enjoy. For example, Alibaba, a leading Chinese e-commerce company, could conduct sentiment analysis of customer reviews of individual products and services, and use these insights to modify existing products and develop new ones.

Data 147

Data Operations Efficiency System 147

1 to 1

AUGUST 9, 2021

Yet, in many businesses, there is often some overlap and confusion over what defines the roles of a front office and back office, making it difficult to prioritize an area for greater efficiency and productivity. What is the front office? The front office refers to the customer-facing section of a firm. What is the back office?

Efficiency 26

Efficiency Productivity How To Operations 26

Johanna Rothman

SEPTEMBER 21, 2018

We hear a lot these days about project-based organizations vs. product-based organizations. Much of what we do in software is in service of products. Products tend to evolve over time. Here are some examples of projects where we learn, but the product doesn’t change: Events, such as weddings or conferences.

Productivity 64

Productivity Software Efficiency Conference 64

Harvard Business

MARCH 1, 2017

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. Efficiency is about doing the same with less. Productivity is about doing more with the same.

Efficiency 28

Efficiency Productivity Company Talent 28

Business Consulting Agency

JANUARY 30, 2024

This article explores how consulting services contribute to the success of startups, small businesses, and larger enterprises, supported by facts, statistics, and real-world examples. Real-world Example: A tech startup struggling with scalability engaged a business consultant to optimize its operations.

Consulting 83

Consulting Enterprise Small Business Agile 83

Johanna Rothman

APRIL 11, 2019

That intent might be an entire product. That cross-functional team is a product team or a feature team. I tend to call them feature teams because they might move from feature set to feature set when they work as part of a program or over time as the product evolves. Change Team Organization to Focus on Product or Features.

Productivity 64

Productivity Agile Development Efficiency 64

Johanna Rothman

FEBRUARY 27, 2024

For years, managers have been trying to find ways to make software product development faster and easier. I think of spreadsheets as an unintentional, but prime example of this. AI to take the place of humans in product development. There is one silver bullet for product development—the speed of team learning time.

Agile 84

Agile Tools Productivity Development 84

Johanna Rothman

DECEMBER 6, 2023

Flow Efficiency In How Centralization Decisions Create Friction, Increase Cycle Time, and Cost Money, Part 1, I discussed how removing support staff for departments and managers created longer cycle times. Now, it's time for Economies of Scale and how that ties into resource efficiency thinking. Ignorance of the flow metrics.

Metrics 63

Metrics How To Efficiency Resources 63

Tom Spencer

MARCH 10, 2023

For example, in the financial industry, AI can be used to detect fraud, predict stock prices, and manage risk. In manufacturing, AI can be used to optimise supply chains, increase the efficiency of production processes, and predict equipment failures. AI systems are only as good as the data they are trained on.

Consulting 88

Consulting Ethics Healthcare Retail 88

Clarity Consultants

DECEMBER 13, 2022

For instance, calculating the value-add of new manufacturing equipment that expedites production is relatively simple. You can compare productivity and output quality improvements to your current state, allowing you to see precisely when the higher rate of production offsets the implementation cost and results in gains.

ROI 98

ROI Training Training Efficiency 98

Johanna Rothman

OCTOBER 8, 2018

How do we move from a project-based organization towards a product organization? I’ve noticed these challenges in companies who want to move to a more product-oriented approach: The reward system rewards resource efficiency, not flow efficiency. Work Toward the Product Organization with Team Behaviors.

Productivity 60

Productivity Efficiency System Management 60

Tom Spencer

APRIL 8, 2014

Morieux gives an example of a car manufacturer that threatened to move its production engineers to the after-sales warranty department after a car went into production. The car manufacturer tried to do this by moving its production engineers to the warranty department.

Productivity 98

Productivity Engineering Efficiency Agile 98

Chad Barr

MAY 1, 2024

Innovation isn’t just about introducing something new—it involves creating, developing, and implementing ideas, methods, or products that significantly improve or completely replace the old. Every day, humanity ventures into realms of innovation and creation previously unimagined.

Transportation 52

Transportation Energy Efficiency Research 52

Epicflow

FEBRUARY 8, 2024

Leveraging Cutting-Edge Technologies Under current conditions of economic turbulence, workforce shortage, and supply chain disruptions, manufacturing organizations should work towards increasing the efficiency of their operations, achieving business agility and resilience. Here are some of the examples. AI-driven applications).

Trends 52

Trends Talent Deloitte Efficiency 52

Johanna Rothman

MARCH 18, 2024

I assume you have some sort of functional product development expertise. If not, why are you in technical product development? This post is about your deep domain expertise, first in product, then in agility. First, the product-based expertise. That's often product people, testers, and some UI/UX people.

Agile 82

Agile How To Metrics Productivity 82

Johanna Rothman

FEBRUARY 6, 2023

Strategy and Product Feedback Loops About 20 years ago, I taught a project management workshop to IT people. Their products and services did not ship outside the building—their products and services enabled the organization to make money. Adam, a product leader, has changed his meetings and workshops.

How To 125

How To Efficiency Meeting Productivity 125

Tom Spencer

AUGUST 4, 2023

However, by harnessing the power of modern technology, organizations can revolutionize their governance practices, making them more efficient, transparent, and enjoyable for all stakeholders involved. For example, voting systems built on blockchain can ensure tamper-proof results and build trust among stakeholders.

Government 78

Government Efficiency Tools Meeting 78

Rick Conlow

JUNE 19, 2023

Now however, controversy about the productivity challenges of leading remote work teams confront organizational assumptions about its effectiveness. The Council on Foreign Relations shares global research on how productivity increases in remote work settings. Owl Labs date says they are 47% more productive. hours a week.

Leadership 101

Leadership Training Training Productivity 101

Johanna Rothman

FEBRUARY 27, 2023

Work product: Collaborate to create a work product. Use subheadings, paragraphs, and examples, so people can consume and then use your information. They have outcomes, either a decision, action items, or a work product. Concurrent projects often elevate resource efficiency thinking, not flow efficiency thinking.

Meeting 116

Meeting Efficiency Tools Resources 116

Johanna Rothman

DECEMBER 5, 2019

The more component teams they have, the more complexity they create in the teams, in the product, and in delivery. No one can tell anything about project or product progress. If you think in resource efficiency , then it looks like component teams make sense. Effect of Component Teams in a Large Product.

Productivity 55

Productivity Agile System Management 55

Business Consulting Agency

JANUARY 4, 2024

Example: A cluttered layout and confusing navigation can frustrate visitors, leading to high bounce rates. Example: A blog that hasn’t been updated for months or product information that doesn’t reflect the latest features. Example: Not implementing SSL encryption can expose user information to security risks.

Engineering 52

Engineering Examples Data Productivity 52

Clarity Consultants

DECEMBER 2, 2021

Along with staying current on your company’s products or services, they need a strong skill set that propels them forward. By offering the right training opportunities, you can ensure that they hone crucial capabilities while also keeping them informed about new product or service developments.

Sales 118

Sales Training Training Efficiency 118

Tom Spencer

AUGUST 12, 2022

For example, it can be hard to create the same dynamic during an online meeting since the majority of the meaning in our communication is conveyed via body language. This increases communication effectiveness but can reduce productivity due to a split focus on work and interaction.

Meeting 158

Meeting Groups Tools Conference 158

Tom Spencer

OCTOBER 22, 2021

The solution was the Toyota Production System (TPS), which revolutionised industrial logistics by popularizing its core functioning principle, just-in-time production. It is a pull-system of lean manufacturing, by which each step in the production process only makes just enough to meet current demand.

Consulting 88

Consulting McKinsey System Efficiency 88

Epicflow

MARCH 19, 2024

The Epicflow team continues implementing the most powerful functionality to provide our clients with a variety of tools to juggle projects and resources most efficiently. For example, you may require 100% of a designer’s capacity during the first two weeks of the project and then change it to 50% for the rest of the timeline.

Management 52

Management Agile Engineering Software 52

Clarity Consultants

DECEMBER 29, 2023

Instead, employees participate at times that are convenient to them, ensuring organizational productivity. They can focus the coursework on critical skill areas, allowing them to close knowledge gaps quickly and efficiently. With that approach, eLearning programs become far more efficient.

ROI 67

ROI Training Training Survey 67

Tom Spencer

MARCH 24, 2023

While AI will be able to perform many tasks more efficiently and accurately than humans, there are certain areas where machines will always fall short. For example, in a recent consulting engagement, I worked with a company that was struggling with low employee morale. One of the key areas in which we excel is emotional intelligence.

Emotional Intelligence 88

Emotional Intelligence Ethics Consulting Case Interview 88

Johanna Rothman

SEPTEMBER 9, 2020

I love where the product is going. ” Al feels productive and engaged. Before his team started to work from home, he'd: Waited for management signoffs before he could release to production. This is a common example of risk theater.) The team discovered they learned faster and created better products together.

Efficiency 90

Efficiency Resources System Productivity 90

Epicflow

FEBRUARY 20, 2023

How to make sure that a company utilizes its available resources wisely so that they are productive but aren’t overloaded? Resource utilization is one of the most essential KPIs that project-based organizations should track – it gives them an idea of how efficiently they use the available resources and how productive their employees are.

Resources 52

Resources Efficiency Analysis Data 52

Epicflow

JUNE 10, 2022

For example, welding can be dangerous for workers; assembling an air- or a spacecraft involves moving large-scale parts from one facility to another, working on the top of an air-/spacecraft, which increases chances for accidents and/or employees’ injuries. . Chances of accidents. Volatility in the geopolitical and economic environment. .

Engineering 98

Engineering Management How To Risk Analysis 98

Epicflow

FEBRUARY 15, 2024

Specifics of Project Management for Manufacturing Companies The manufacturing environment deals with creating physical products, which in turn embraces a variety of processes that should be properly managed. This challenge is complexified by the demand for the high quality of delivered products and a lack of human resources.

Management 52

Management Strategy Strategy Strategy& 52

Epicflow

DECEMBER 20, 2022

Its features should help project and resource managers address all the complexity of managing shared resources and facilitate their efficient utilization. . Efficient resource allocation in a multi-project environment is impossible without up-to-date information on team members’ competences.

Resources 52

Resources Management Efficiency Analysis 52

Epicflow

APRIL 24, 2023

In a nutshell, you can optimize project resources by means of: Maximizing resources’ productivity; Balancing people’s workloads; Preventing additional expenses; Minimization and timely detection of bottlenecks. Let’s review the factors that prevent such companies from efficient resource utilization.

Resources 52

Resources Software Management Efficiency 52

Johanna Rothman

FEBRUARY 23, 2022

Here's what happens with code review (see the image): We have a cross-functional team, Jane, Peter, and Tim, along with a product owner, Allan. Instead of treating people as individuals (resource efficiency thinking), what if you looked at the team as a harmonic whole? Jane and Peter are developers, Tim is a tester.

Efficiency 91

Efficiency Guidelines Tools Resources 91

Tom Spencer

OCTOBER 6, 2023

Bank’s Income Statement It’s important to note that banks have diverse product offerings and client types, and the reporting of business lines such as retail banking, wholesale banking, and wealth management can vary between different banks. Image 2: Illustrative example of a bank’s non-interest income 3. the spread).

Banking 88

Banking Balance Sheet Operations Financial 88

Tom Spencer

MARCH 17, 2023

For example, AI can quickly generate key insights from unstructured data, such as customer feedback, emails, and social media posts, using natural language processing. For example, AI could be used to analyse data, such as historical sales revenue numbers.

Consulting 78

Consulting Trends Industry Data 78

Tom Spencer

MAY 5, 2023

This article will consider three examples from military history that can examined to better understand competitive strategy in the business arena. As they gradually improve the quality of their product offering, the new entrant has the potential to take over the entire market.

Strategy 88

Strategy Strategy Strategy& Agile 88