Monday, March 14, 2011

Jidoka

Sakichi Toyoda introduced the idea of Jidoka while perfecting his weaving machine in the 1920s. Jidoka, also known as autorotation, describes a quality control process that prevents the production of defective products, eliminates overproduction and solves underlying processing problems. The concept of Jidoka became central to the Toyota automobile company, which was founded by Toyoda's son.
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Sunday, March 13, 2011

Business rule of thumb

A business rule of thumb says if you have a good idea, five other companies are doing the same thing. If you have a great idea, fifteen companies are doing the same thing.
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Saturday, March 12, 2011

The Mythical Man Month

The classic book "The Mythical Man Month" was written by IBM project manager Fred Brooks in 1975. The book cites the fallacy in the attempt to add more workers to a project that is falling behind schedule. Brooks' law is simple: adding manpower to a late software project makes it later.
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Friday, March 11, 2011

AboutUs

AboutUs is an online wiki providing information on every domain in the world. The free directory that anyone can edit offers a great place to provide further information on your website, products, descriptions, background, etc. Anyone is free to add or edit a domain entry. See this unique directory at AboutUs.org.
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Thursday, March 10, 2011

Innovative superstars

The Boston Consulting Group, in partnership with Business Week, compiles The World's Most Innovative Companies annual list. Topping the most recent list were innovative superstars Apple, Toyota and IBM. According to a survey of the list companies, the biggest obstacles to success they face is lack of coordination and slow development times for their products and services.
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Wednesday, March 9, 2011

Peter Drucker

"There is only one valid definition of a business purpose: to create a customer." -- Peter Drucker.
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Tuesday, March 8, 2011

Rght stuff to be a CEO

Do you have the right stuff to be a CEO? Take Fortune's CEO quiz to see if you could make it as a CEO. The quiz is based on the ideas presented in Kathleen Kelley Reardon's recent book "The Secret Handshake: Mastering the Politics of the Business Inner Circle". Take the quiz at money.cnn.com/popups/2006/fortune/quizzes/ceo_makeit/frameset.exclude.html
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