An effective way to cultivate a growth mindset is to recognize and appreciate progress. Developing an understanding that your efforts are leading toward future successes can open new pathways of growth opportunities. This kind of mental attitude can empower you to stay motivated, even when faced with hardships or setbacks...
As organizations and individuals face unprecedented challenges due to the constantly evolving business landscape, with new technologies and global challenges shaping the way organizations operate, the need for continuous learning and development, to match the skills and competences of the workforce to the emerging challenges cannot be over-emphasized. In this post,...
This little illustration, from habit 7 of Stephen R. Covey’s “7 Habits of Highly Effective People” demonstrates the necessity of self-renewal in ensuring one’s capacity to remain effective. In his words, “this is the single most powerful investment we can ever make in life – in the only instrument we...
In our preceding discussions on operations management, we focused on the crucial issues of efficiency and cost. In this post, we will explore the equally important aspect of quality management. It is widely recognized that successful business operations require effective management of all three elements - Efficiency, Cost, and Quality...
Gartner finance glossary defines cost management as the process of planning and controlling the costs associated with running a business. It includes collecting, analyzing, and reporting cost information to more effectively budget, forecast and monitor costs. Cost in operations management or operational cost, refers to the monetary value associated with...
Operations management rests on three tripods - efficiency, cost, and quality. In this post, we will look at efficiency, its role and importance in operations management and explore some practical tips and strategies organizations can use to improve efficiency in the management of its operations. In subsequent posts in this...
According to Walter P. Chrysler, “the reason so many people never get anywhere in life is that when opportunity knocks, they are out in the backyard looking for four-leaf clovers”. While it is believed that four-leaf clovers bring good luck, with a frequency of approximately 1 in 5000, the rarity...
As a professional, you are often responsible for making tough decisions, dealing with conflicts, and navigating challenging situations. It's important to have people you can turn to for advice, guidance, and support. Building a support network is just as essential for success in your career as it is in your...
