Elon Musk is an innovator, a thinker and a problem solver. He is the founder, CEO, and CTO of SpaceX and a co-founder and CEO of Tesla. He is also the co-chairman of OpenAI, founder and CEO of Neuralink, co-founder and chairman of SolarCity, co-founder of Zip2, and founder of X.com, which merged with Confinity […]
Lean Thinking And The Magical Powers of Elon Musk
Elon Musk has always been innovator and a creator. As a child, he daydreamed in an almost trance-like manner and coded his own video games. He always found resourceful ways to make money, and after he graduated from college, he opted for entrepreneurship rather than wait for an internet company to take notice of him. […]
TED Talk: Can You Inspire in an Era of Constant Change?
“It is not the strongest or the most intelligent who will survive but those who can best manage change.” ― Leon C. Megginson The modern global economy is fast and dynamic. It is in a constant state of change. The greatest challenge facing leaders and their organizations today is to be able to quickly respond […]
TPS – The History of the Toyota Production System
The Toyota Production System (TPS) is an integrated socio-technical system, developed by Toyota, that comprises its management philosophy and practices. The TPS organizes manufacturing and logistics for the automobile manufacturer, including interaction with suppliers and customers. The system is a major precursor of the more generic methodology of Lean manufacturing. Taiichi Ohno and Eiji Toyoda, […]
Lean Manufacturing- Top 10 Lean Manufacturing Companies
Lean manufacturing takes into account waste created through overburden and waste created through unevenness in workloads. Working from the perspective of the client who consumes a product or service, value is any action or process that a customer would be willing to pay for. The basic goals of lean manufacturing and waste reduction were derived […]
Free Books from Paul Akers on 2 Second Lean, Health and Travel
Reading: The Secret Sauce of Success Have you ever thought about what one habit ultra-successful people have in common? Sure you have! We look up to highly successful people as mentors and guides to the path of our own success. Everyone looks at them and studies their habits to learn the ‘secret sauce’ of just […]
DFSS Design For Six Sigma: Understanding the Process
Design for Six Sigma (DFSS) is a business-process management method related to traditional Six Sigma. DFSS is used in industries, such as finance, marketing, engineering, process industries and electronics. It is based on the use of statistical tools like linear regression and enables empirical research similar to that performed in other fields. Six Sigma practices […]
Value: How Do You Measure Innovation?
How do you measure the value of innovation? That is a tough question! Asking the definition of ‘value’ becomes a loaded question. It doesn’t matter where scientific discoveries and breakthrough technologies originate—for national prosperity, the important thing is who commercializes them. Innovation involves the development of new products or processes and the know-how that begets […]
What Is Lean Startup?
What Is Lean Startup? Starting a new business is a daunting task, no matter how much experience one may have in the field. There are different approaches to the problem, but it ultimately comes down to figuring out how to make the company’s idea start producing results as quickly as possible in the current market […]
Quality Improvement: Honoring Dr. William Edwards Deming
‘People with targets and jobs dependent upon meeting them will probably meet the targets – even if they have to destroy the enterprise to do it.’ W. Edwards Deming There are few people who have had more impact on the science and practical application process management than Dr. William Edwards Deming. His impact on the […]