Ateneo Professor on Entrepreneurship
From financial post
KISS.
Keep it simple and short.
By reducing complexity in business, you make it focussed, lean, and more profitable.
Substantial savings and transparency can be achieved by business simplification and increase in profit can be as much as l00% (BPO, offshoring aims to simplify business by shifting non core essential business to cheaper/offshore sites)
Complexity abound in the following business types:
l. Strong customer is king mindset; thus there is proliferation of product lines, processes, inventroy;
2. Matrix organizations
3. Complicated supply chain
Problem solving is thus resorted to simplify the business:
l. Understand the problem
2. Identify the culpris
No comments:
Post a Comment