Finish Strong® Podcast Series The journey to excellence is not a simple one, nor does it follow a straight line. This podcast series addresses issues important to manufactures worldwide. Becky's insights include commentary on global, strategic, and tactical issues, as well as observations on current challenges and opportunities in manufacturing businesses. Feel free to suggest topics of interest to you; no doubt Becky will have something to say that will make you think.

Decisions can be made quickly

We all agree that speed is important to business success. Yet, when it comes to making decisions we seem to take forever. Why is that? We want everyone who could conceivably be impacted to be in the discussions, and we act like decisions are permanent. The reality is most decisions can be modified as we gain more knowledge, and that people want to be heard but don’t have to be heard all the time on everything.

It’s time to understand Pareto

The Pareto Principle is well known but our changing world now requires us to truly understand what is behind it. In many cases what was 80/20 is now becoming 90/10 and 95/5. It’s never been wise to try to be all things to all people, but the future of your organization now depends on how well you truly understand your niche. Correlation and cause-and-effect are very different, and that difference is now too important to casually ignore.

Will Technology Kill the Small Manufacturer?

In August of 1981 a massive assault on the music business model began when MTV went on air for the first time. It’s inaugural video: Video Killed the Radio Star. And indeed, it did.

Now the speed of technology advances, collectively referred to as Industry 4.0, is drowning many in the manufacturing industry. While large manufacturers are studying, testing and implementing numerous new capabilities, many small manufacturers continue to struggle with their ERP system. Will technology kill the small manufacturer?

Complacency

The variety of challenges you face today can easily be overwhelming. Tariffs. Low labor rate countries. China. Shortage of skilled people. But none of those is the most important for you, the leader, to address right now. That one is complacency. It can easily become insidious as small fires consume your time and energy.

Quality and Education Are Free

Phillip Crosby stunned many when in 1980 he published the book Quality is Free. In manufacturing we believed there was a choice between quality and quantity. He proved us wrong and now few challenge the experience that both come together. Now some executives are afraid to invest in employees because they might leave. Another false choice.