Many of us in manufacturing are familiar with the concept of punch lists. It’s a common ending of a kaizen event. This construction industry concept is NOT a best practice and shouldn’t be picked up by others. Here is why you should consider instead the carpenter’s “measure twice, cut once.”
You work hard in your business, and are intimately familiar with all the distinctions that make your company special. But you’re really not all that unique. The business processes for most manufacturers are very similar and you can learn from others no matter how dissimilar they appear to be on the surface. Here’s what you need to walk away from ideas you don’t need and leverage those you do.
It might seem that competitive advantage is a good thing, a key to success. But not all are created equal. In fact, a competitive advantage can undermine your vision. Consider these ideas to determine if your strategic relevance position. You may be wandering, dreaming, irrelevant, or in the optimal “innovate” quadrant. Learn how to tell, and consider specific examples of businesses in each circumstance.