Businesses that have productive and cohesive teams are extremely successful. But what makes up a winning team?
Most organizations make the mistake of implementing improvement tools like LEAN, Six Sigma, etc. without first understanding context and building their operating system.
Key performance indicators (KPIs) are how you measure success in every operation, process, team, or person in your business. Every process and person should have 1 or 2 KPIs that clearly measure how well they’re doing their part to contribute to the profitability of your company.
Key performance indicators (KPIs) are how you measure success in every operation, process, team, or person in your business. Every process and person should have 1 or 2 KPIs that clearly measure how well they’re doing their part to contribute to the profitability of your company.
ActionCOACH Rick Phelps describes how he helped Cleveland Cliffs add $100 million to their bottom line by developing a process of continuous improvement for them.
In part 2 of the Developing Your Operating System vlog series, ActionCOACH Rick Phelps dives into the importance of thinking through each role relationship in your system and why having a coherent operating system is in the best interests of your whole business. Often, the cost accounting system (Lowest Cost + Lowest Cost + Lowest Cost =…
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Every business has an operating system – but not all have a clearly defined one. We want to help businesses build systems and processes that make them successful and highly profitable.Watch this vlog to learn how to connect all of the parts and roles of your business to its objectives and goals.
In the final vlog of our Understanding Your Economic Engine series, Coach Rick Phelps discusses the importance of positive cash flow in businesses. He explains through real-life stories and examples why “Revenue is vanity, profit is sanity, and cash is king.” Watch the vlog to learn more!
In part 7 of this vlog, ActionCOACH Rick Phelps introduces inventory into the throughput accounting model and suggests focusing on three areas of your business. Watch the vlog to learn more!
In part 6 of this vlog series, Rick Phelps of ActionCOACH introduces three productivity metrics that should be used as key performance indicators for your business.
