Performance management (PM) is the process of ensuring that a set of activities and outputs meets an organization’s goals in an effective and efficient manner. Performance management can focus on the performance of an organization, a department, an employee, or the processes in place to manage particular tasks.
We’re obsessed with Time. Songs and literature don’t forget to remind us that Time goes by, that Time is the key measure of almost everything, even of apparently very solid, indestructible structures as concrete walls. There’s a key question about Time, which is that we know Time’s effects but – as for many other of…
ByTED
What is it about unfairness? Whether it’s not being invited to a friend’s wedding or getting penalized for bad luck or an honest mistake, unfairness often makes us so upset that we can’t think straight. And it’s not just a personal issue — it’s also bad for business, says Marco Alverà. He explains how his…
An Old School Approach to Machine Failure Wins New Converts Lubrication-related equipment failure is a problem that plagues industrial facilities of all sizes and stripes. By some estimates, it causes as much a $1 trillion a year in reactive maintenance, unplanned downtime and lost productivity across the U.S. As we’ll see in a moment, failure…
The Problem As Covey said: “Begin with the end in mind” Why should this principle be applicable to the subject of sustainability when performing improvement projects under the Operational Excellence banner? What we see in deploying many projects across a variety of organisations is a lot of enthusiasm and energy for change at the start…
Henry Ford, the founder of Ford Motor Company, delivered a clear and concise message regarding the importance of teams and the power of team building by saying, “Coming together is a beginning. Keeping together is progress. Working together is success.” The strength and success of an organization’s operational excellence transformation are highly dependent on a strong team culture….
I’ve worked for some great companies, including four Fortune 500 corporations. Along the way I met outstanding management teams. However, one team stood out in my mind above all others, the Emerson Electric, (RIDGID) Sales and Marketing Management Team, they are the prime example in my career of a company who lived their parent company’s…
