Tag: Crisis strategy
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A strategic guide for enhancing performance in crises
A comprehensive study of Lean and Financial Control Lean and management control are two powerful tools that can help companies improve their performance and achieve their strategic goals in a crisis context. However, there is still some debate about how to best implement these tools, and what role leaders should play in the process. Leaders…
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Unlocking Success: Lean Management essentials for Managers
Cultivating Excellence As a manager, you play a crucial role in guiding your organization through the challenges it faces, especially in crisis times. We’ll break down key concepts and strategies that will help you effectively manage your team and contribute to your company’s success. 1. Financial control and Data analysis The foundation of continous improvement…
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Hoshin Kanri: Building high performance and results in SMEs across the globe
A tool for aligning vision, goals and actions Hoshin Kanri is a strategic planning model that originated in Japan and is based on the principles of lean management. It is a method of continuous improvement that can help entrepreneurs align their daily work with their long-term goals. It eliminates the waste that comes from inconsistent…
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Thriving in times of crisis: The power of Lean and Management Control in SMEs
Crisis-Proofing your business ? Embracing Lean’s transformational power In the world of business, navigating through turbulent times requires a strategic shift. Sustainable growth often faces threats, and organizations can find themselves challenged by stagnation or even a decline in competitiveness. During these periods, societal tensions may rise, and it becomes crucial to adapt strategies for…
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ZOPA. How to avoid 3 costly mistakes in negotiation
The ZOPA factor (ZOne of Possible Agreement) Negotiation is a crucial skill in today’s world, both in business and in your personal life. Some common mistakes may seem harmless at first, but they can cost you a lot of time and money in the long run. An elite negotiator should absolutely know these 3 pitfalls…
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Crises, a catalyst for change and innovation.
Schumpeter’s creative destruction theory. Beyond the need to adapt the management of organizations to the threats of crises, Joseph Schumpeter showed us that these periods of transformation are above all conducive to innovation. Toyota’s organizational model, itself born at the end of the Second World War in a devastated Japan, is one of the most…
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Strategy and crisis
According to the Greek etymology, “strategia” means “command” with an evolution of meaning towards “the art of the strategist”, political and military art at this time and for many centuries. In economics, strategy is a set of choices of objectives and means that guide the medium and long term activities of an organization or a…
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Introduction to crisis strategic transformation
Leaders have to deal with strategic management in times of crisis. Current company strategies emphasize the use of continuous improvement, lean management, as a key success factor. They seek to mitigate the threats associated with the crisis. They are also looking for a relevant management control tool to measure the impact of continuous improvement actions.…
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