Agile and its many flavors take many of their tenets from The Toyota Production System. At Toyota, there is a concept of Obeya, or "The Big Room."
Start with the Customer, and Work Backwards
This article is about the Amazon Product Development Process: Start with the Customer, and Work Backwards. Amazon is a company that is absolutely
Productivity and Efficiency Calculations for Business
As business professionals, we take some important business concepts for granted. Today, we'll explore the difference between Productivity and
Clipart Microsoft – How to Create a Dumb Presentation
While at Amazon, we were all told by Divine Fiat that ALL PowerPoint Presentations -- regardless of kind, cannot ever be on Powerpoint. Period. No
Toyota Factory Tour and Mini Assembly Line
The guys at Gemba Research pointed me to this great video on the Toyota factory in Cambridge, Ontario, Canada. This is the opening of the Toyota
The Bullwhip Effect and the Beer Distribution Game
Yesterday for class, we played the Beer Distribution Game, which is a game developed by the Systems Dynamic Group at MIT back in the early 1960's.
The 8th Type of Muda
The 7 Wastes are common and known. But, there are other wastes that are important and less known, but very critical for any business to understand.
Weighted Moving Average Forecasting Methods: Pros and Cons
In a previous article, I provided an introduction to business forecasting. In this article, we will discuss 2 types of forecasting models - the
Introduction to Business Forecasting and the 4 Laws to Always Remember
This article is part 1 of a series on Forecasting. A forecast is an estimate of the future level of some variable. That variable is most often