The supply and demand equation is a fundamental concept in economics that can be applied to understand the dynamics of any market. This equation helps explain how the price and…
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The 18th-century forestry philosophy, known for its systematic and sustainable approach to forest management, offers valuable lessons for modern business practices.
Continuing from our previous discussion on the importance of distinguishing between the supply chain and value chain, let’s explore how Value Stream Mapping (VSM) can be an effective tool for…
In the current volatile business landscape, created by the COVID-19 pandemic, it’s crucial for organizations to have a focused approach to improving productivity and using their resource effectively.
The lockdown levels to help deal with the Covid-19 pandemic have mostly had negative impacts on the South African small and medium sized businesses. Business owners state that the lockdown…
In the quest for sustainable and profitable business, individuals have to make continuous incremental improvements. The aim is to reduce or eliminate all types of waste and mistakes. We understand…
7 actions for creative business development As entrepreneurs we are often encouraged to “work smarter, not harder.” Yet, we also know that we need to do both. We need to…
Look at the following succession of pictures of some very successful people. Apart from the fact that none of them are part of the “dress to impress” mindset, notice the…
The Kaizen journey for continuous advancement is made up of incremental improvements every day. It acknowledges that mistakes happen and things go wrong. Individuals should learn from these experiences to…
“All changes, even positive ones, are scary. Attempts to reach goals through radical or revolutionary means often fail because they heighten fear. But the small steps of Kaizen disarm the…
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