Category: Leadership
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Seek Problems, Generate Profits
Don´t we already have enough problems? Why should we seek out more? Very simple: Call it tasks, opportunities, or challenges, the way to profit requires to solve your problems. Faster, more effectively and at lower cost. Too many problems remain essentially unresolved. Often they are kicked down the road until it´s a big problem. Traditional…
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Strategies to Mitigate Risks from Supply Chain Disruptions
What to do when faced with delays and problems in the supply chain? The high volatility in purchase delivery forces decision-makers to adapt their supply chain strategies. Managers have fundamentally four options to respond. These four critical approaches are: 1) Increase inventory from just-in-time to just-in-case2) Find a second (or third) source of supply3) Reshore…
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Talk is Cheap
We live in the age of experts. There is an expert for every topic. We have a large number of experts at our disposal, especially in management. Who actually is an expert sometimes remains in doubt. A humorous definition is: “An expert is a specialist who has traveled from more than 200 miles afar.” As…