Sunday, July 31, 2016

Top Strategic Business Goals and Objectives

The Top Strategic Business Goals and Objectives for any Company     Your strategic goals in business will be objectives considered most essential to the existing and future state of your company. Goals will be prioritized by a company by … Continued

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Top Strategic Business Goals and Objectives

Business Plan vs Strategic Plan

What is the Difference Between Business plan and Strategic Plan Business Plan vs Strategic Plan: At times inexperienced business managers and executives tend to get a bit confused between how to effectively use a business and strategic plan. They also … Continued

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Business Plan vs Strategic Plan

Balanced Scorecard Key Performance Indicators Examples Reports

Balanced Scorecard KPIs Examples Reports Balanced Scorecard Key Performance Indicators Examples: The balanced scorecard is a tool you can use in your organization to monitor performance against your company’s strategic goals. Furthermore they can help you to improve your organization’s … Continued

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Balanced Scorecard Key Performance Indicators Examples Reports

Analytical Techniques in Project Management

When managing a project things can get pretty chaotic at times. Simply because of the fact that so many things can happen before, during or after a project is finished. Business managers over the years have developed different types of … Continued

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Analytical Techniques in Project Management

Understanding Inventory Shrinkage And Manufacturing Inventory Processes

Inventory Shrinkage And Manufacturing Inventory Systems Inventory Shrinkage: Companies that generate revenue through products selling to their customers get the products by buying them from manufacturers, distributors or by developing them from scratch – from their raw materials. In each … Continued

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Understanding Inventory Shrinkage And Manufacturing Inventory Processes

Saturday, July 30, 2016

HR Goals and Objectives Examples

Typical HR Goals and Objectives Examples The human resource department is arguably one of the most important areas of an organization. The reason for this is because you get to work closely with employees. Some of these roles would include … Continued

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HR Goals and Objectives Examples

Production Planning and Inventory Control

Tips on Production Planning and Inventory Control Production Planning and Inventory Control: When you’re manufacturing products, performing inventory control and production planning should be a huge part of your business strategy.  Production planning is when you plan out the different … Continued

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Production Planning and Inventory Control

Process Analysis in Operations Management

Business Process Analysis in Operations Management One of the main roles of an operations manager is to track the different operation processes. This will ensure that they are working in harmony to properly produce the product. Process analysis in operations … Continued

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Process Analysis in Operations Management

The Role of Sales Reps in Today’s Selling Environment

The Changing Role of Sales Reps Today     The today’s sales force should have wide array of abilities to compete effectively. It’s in the past, when sales reps needed simple presentation and sales closing abilities to be effective in … Continued

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The Role of Sales Reps in Today’s Selling Environment

Friday, July 29, 2016

New talent tensions in an era of lower investment returns

Employers can differentiate themselves by adjusting to the changing financial realities.
New talent tensions in an era of lower investment returns

Management Control for Effective Performance Management

Management Control for Performance Management Even though you do not need to micromanage all the employees, at the same time you cannot leave employees without any control and check points. This makes sense when you are focused on improving your … Continued

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Management Control for Effective Performance Management

How to Improve Employee Performance

Ways to Improve Employee Performance How to Improve Employee Performance: Employees are the engine for an organization without them most companies can never move forward efficiently. Daily there is only so much a manager or executive can do. Despite that … Continued

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How to Improve Employee Performance

How to Create a Scorecard in Excel?

How to Create a Scorecard in Excel for Management Reporting How to create a scorecard in Excel: Creating a scorecard in excel is a very simple task. For those of you who don’t know what excel is well it’s a … Continued

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How to Create a Scorecard in Excel?

How to Create a Budget Plan?

Creating a budget plan for your business How to Create a Budget Plan: Creating a budget plan for your company should be more than just an occasional hobby. It should be a “lifestyle”; business executives and stakeholders must always have … Continued

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How to Create a Budget Plan?

How to Manage Product Portfolio and Business Portfolio Effectively

How to Manage Business Portfolio and Product Portfolio for Sustainable Business Growth Business portfolio is business group of specific investments, products, companies and various brands. On the other side, product portfolio is a mix of products and services the company … Continued

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How to Manage Product Portfolio and Business Portfolio Effectively

Thursday, July 28, 2016

Typical Examples of Performance Management Issues

Examples of Performance Management Business Issues Examples of Performance Management: Performance management is process used by businesses to evaluate the employees and also to establish the effectiveness of the activities in accomplishing the goals. Performance management duties involve planning new … Continued

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Typical Examples of Performance Management Issues

Overcoming Resistance to Change in Business

How to Overcome Resistance to Change in Organizational Changes Overcoming Resistance to Change in Business: When thinking about change within the organization, you may look for that even the the majority of loyal and working employees will build some kind … Continued

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Overcoming Resistance to Change in Business

Aligning Business Strategy with Operations

Tips and Ideas on Aligning Strategy with Operations Why Aligning Business Strategy with Operations is Critical for Success in any Business: The majority of managers have relatively clear concept of the organization strategy and vision. If the employees have exactly … Continued

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Aligning Business Strategy with Operations

Voice of the Customer Process

Voice of the Customer Process The Voice of the Customer Process Flow: Listening to your customer’s needs on a daily basis can radically improve your organization’s success. Listening to your customers is a universal business mantra. You still have companies … Continued

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Voice of the Customer Process

Not All Digital Threats Are Disruptions

Work in Process Inventory Examples and Calculations

What is Work in Process Inventory? Work in Process Inventory: When manufacturing products you are always going to have partially finished products in your inventory. That is waiting to be finished over a period of time. These products can be … Continued

The post Work in Process Inventory Examples and Calculations appeared first on Mr Dashboard.


Work in Process Inventory Examples and Calculations

Five strategies to transform the oil and gas supply chain

Companies in the oil and gas supply chain have gone from boom to bust in the past two years. Here are five strategies oil-field service and equipment companies are exploring to adjust to the changing environment.
Five strategies to transform the oil and gas supply chain

More than digital plus traditional: A truly omnichannel customer experience

Adding digital channels requires major efforts, yet payoffs can disappoint. Integrating digital and traditional channels into a truly omnichannel offering is even harder—but multiplies the rewards.
More than digital plus traditional: A truly omnichannel customer experience

Key Performance Indicator Report Template Examples

Key Performance Indicators Report Examples and Excel Templates Key Performance Indicator Report: If you are serious about tracking the health of your organization key performance indicators can be a very helpful tool. They help you to measure certain operations. Furthermore … Continued

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Key Performance Indicator Report Template Examples

Most Common Tools Used in Manufacturing Planning

Tools Used in Manufacturing Planning Manufacturing planning is forecasting and anticipating the manufacturing demand and volume in the future. Numerous organizations depend on specific products in order to drive and grow profit. To make sure these products will go on … Continued

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Most Common Tools Used in Manufacturing Planning

Wednesday, July 27, 2016

Recruiting Ideas For Managers

Simple Recruiting Ideas and Tips For Business Managers Recruiting Ideas For Managers: Small companies could look for qualified employees by thorough job descriptions and smart interviewing methods. While we all focus on finding the right people, we should improve the … Continued

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Recruiting Ideas For Managers

Disadvantages of Outsourcing Entire Business Processes

What are Common Issues in Outsourcing? Disadvantages of Outsourcing Entire Business Processes: While you assess your own outsourcing options, remember that you will find pros and cons in outsourcing. Take a look at all the outsourcing disadvantages here and make … Continued

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Disadvantages of Outsourcing Entire Business Processes

Ways To Improve Employee Relations in Your Business

Ways To Improve Employee Relations: Employee relations represents a management method where management engages with employees. Retaining excellent employee relations can help minimize workplace issues, increase employees’ morale and also raise the general performance in the company. There will be … Continued

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Ways To Improve Employee Relations in Your Business

‘One Belt and One Road’: Connecting China and the world

China is leading the effort to create the world’s largest economic platform.
‘One Belt and One Road’: Connecting China and the world

Emerging demographics are the new emerging markets

Three key groups of urban consumers with numbers and purchasing power are the ones to shape the consumer landscape over the next 15 years, write Richard Dobbs, Jaana Remes and Jonathan Woetzel in Harvard Business Review.
Emerging demographics are the new emerging markets

McKinsey Quarterly 2016 Number 2: Overview and full issue

This issue of the Quarterly, available here as a PDF download, examines the economic dynamics of digital disruption, Pixar’s approach to continuous innovation, the future of performance management, and China’s e-commerce landscape.
McKinsey Quarterly 2016 Number 2: Overview and full issue

Technology and the “End of Management”

Employee Goals and Objectives Examples

Examples of Employee Goals and Objectives Employee Goals and Objectives Examples: At times your employees are going to need a set direction. They are going to need a vision that all of them can work in harmony towards. Just imagine … Continued

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Employee Goals and Objectives Examples

How to Make a Graph in Excel

Step by Step Guide on How to Make a Graph in Excel Plus Free Excel Graph Templates   Understanding how to make a graph in Excel – especially effective graphs that communicate visually your message is very important. This is … Continued

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How to Make a Graph in Excel

How to Write a Business Report

Writing a Business Report Tips on How to Write a Business Report: Internal communication within organizations can be really effective. When you communicate more with your employees and managers, this can help build trust and respect in your company. It … Continued

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How to Write a Business Report

Employee Performance Appraisal Systems Examples

Employee Performance Appraisal Systems and Techniques Employee Performance Appraisal Systems Examples: Appraisals assist organizations in reorganizing job functions to better match the job position of the employees. Performance appraisals could help individuals improve performance which drives the overall performance of … Continued

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Employee Performance Appraisal Systems Examples

Aligning Projects Business Goals and Objectives

Project Goals Should Be Aligned With Your Overall Business Goals and Objectives Business goals and objectives and ongoing projects do not necessarily align as they need to for business and project managers. Projects will need to line up with your … Continued

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Aligning Projects Business Goals and Objectives

Tuesday, July 26, 2016

Cost Drivers Examples and How to Setup Cost Drivers

What are Cost Drivers and How to Establish Cost Drivers in your Company? Cost Drivers Examples: Cost drivers will be characteristics of certain activities or business events that result in business to create costs. The cost at problem frequently will … Continued

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Cost Drivers Examples and How to Setup Cost Drivers

How to Improve Performance at Work

How to improve performance at work: We all know that organizations thrive off of good performances. Yet still you have managers and executives who are not implementing any form of strategy to improve internal performances. It’s not an easy task … Continued

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How to Improve Performance at Work

Compliance in 2016: More than just following rules

The traditional approach is losing effectiveness. Banks must turn the page and build a new model.
Compliance in 2016: More than just following rules

Nonfinancial risk: A growing challenge for the bank

With credit and market risks now under better control, the focus is shifting to nonfinancial risks. Managing these well will require big shifts in banks’ practices.
Nonfinancial risk: A growing challenge for the bank

Public space and public values

Copenhagen-based architect Helle Søholt discusses why residents of cities are the center of her urban-planning projects.
Public space and public values

How to Create Dashboard in Excel

Creating Dashboard in Excel to Track your Business Metrics How to Create Dashboard in Excel: Excel is one of the most used software in the business environment. It has a vast array of tools that you can use daily which … Continued

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How to Create Dashboard in Excel

How to Make a Budget Plan?

How to make a budget plan: When you’re starting and operating a business, having a budget plan is one of the most important tasks you have to do. Statistically the lack of money is one the main causes of business … Continued

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How to Make a Budget Plan?

Infographic: Moving Digital Transformation Forward

Strategic Planning Process Examples in Business

Strategic Planning Process in Business Strategic Planning Process Examples: Strategy planning can be a detail oriented and diligent approach. It needs imagination, creativity and teamwork. However it could yield tremendous rewards for the business. Effectively shown objectives and also the … Continued

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Strategic Planning Process Examples in Business

Monday, July 25, 2016

How to Create Organizational Structure of a Business

Quick Tips on How To Create Organizational Structure and What to Include in your Plan How to Create Organizational Structure and why this is so important for your company: Organizational structure shapes the way your employees communicate and work. It … Continued

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How to Create Organizational Structure of a Business

Roles of HR Manager in Business Organizations

Typical Roles of HR Manager Roles of HR Manager: The main role of HR manager is overseeing the HR department functions and managing employees, just like other department managers. The primary competencies HR managers have will be strong communication skills … Continued

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Roles of HR Manager in Business Organizations

Fintechs can help incumbents, not just disrupt them

While true for other financial services, it’s most striking in corporate and investment banking.
Fintechs can help incumbents, not just disrupt them

Measuring Marketing Productivity Metrics

Using Marketing Performance Metrics to Improve your Marketing Activities and Campaigns The effective marketing manager determines the key metrics — as well known as key performance indicators or simply KPIs — to gauge the performance of the entire marketing work … Continued

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Measuring Marketing Productivity Metrics

Mr Dashboard Weekly | July 25

  We hope you enjoyed Mr Dashboard weekly [July 18], and if you did, you’ll probably want to see what content this week brings you. From B2B marketing performance metrics to your time management and many other strategies, we’ve got … Continued

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Mr Dashboard Weekly | July 25

Statistical Process Control (SPC) Charts

SPC Charts: The benefits and types of control charts used in quality improvement initiatives SPC charts are used for tracking and monitoring data from business processes in various type of organizations. The SPC charts were originally developed and used for … Continued

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Statistical Process Control (SPC) Charts

What is Andon System and How It Works?

What is Andon system Andon system is originally manufacturing management and control system developed by Toyota as part of lean manufacturing, process improvement and continuous quality improvement. Andon is originally a manufacturing management term making reference to a method or … Continued

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What is Andon System and How It Works?

Project Coordinator Responsibilities and Roles

The Role of Project Management Coordination Project Coordinator Role and Responsibilities: To coordinate a project managers need to apply a set of various tools, techniques, skills and experience. The overall goal of coordinating a project is to make sure the … Continued

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Project Coordinator Responsibilities and Roles

HR Gap Analysis Templates and Examples

How to perform HR Gap Analysis by using the 7-step process     Every organization competes on the basis of its core competencies and capabilities. Talent, know-how, skills, expertise and best practices provide the required capabilities for achieving a sustainable … Continued

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HR Gap Analysis Templates and Examples

The Benefits of Tracking Progress in your Business

The Benefits of Tracking Progress in your Business Checking out important results on areas like investing, product sales or profitability does not enable you to know how or the reason why you arrived at these results or even how you … Continued

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The Benefits of Tracking Progress in your Business

Kano Model Analysis Examples

Kano Model Analysis for Improving Quality and Customer Satisfaction Every company’s success depends on its ability to satisfy customer needs in an effective way. However many business organizations take customer needs and quality for granted by making many assumptions regarding … Continued

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Kano Model Analysis Examples

15 Invaluable Laws of Growth

The 15 Professional and Individual Growth Laws by John C. Maxwell     “The 15 Invaluable Laws of Growth: Live Them and Reach Your Potential” by John C. Maxwell offers some really good principles for business professionals. This book might … Continued

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15 Invaluable Laws of Growth

Sales Pipeline Management Template

Sales Pipeline Management Template: Here is How to Improve your Sales Pipeline Performance Sales Pipeline Management Template: While sales pipeline is pretty straightforward approach and simple tool or template for sales managers and other sales professionals, the way you manage, … Continued

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Sales Pipeline Management Template

7S Model (McKinsey 7S Framework)

The McKinsey 7S Model for Strategic Planning and Assessment The 7S model is a management tool which evaluates the seven important elements of organizing, structuring and developing a business organization. This is a very useful framework for managers and decision … Continued

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7S Model (McKinsey 7S Framework)

Employee Performance Review Tips for Managers

Ideas, Benefits, Risks and Tips for Effective Performance Review System What is Performance Review? Performance review is typically the official meeting involving supervisor and member of staff to talk about the particular worker’s overall performance with regards to eliminating obstacles … Continued

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Employee Performance Review Tips for Managers

Developing Marketing Strategies with BCG Matrix Tool

Use The BCG Matrix Template to Outline Business and Marketing Strategy Marketing Strategies with BCG Matrix: The BCG or Strategy Portfolio Model is an approach to examining business growth designed originally by Boston Consulting Group. The main driving theory in … Continued

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Developing Marketing Strategies with BCG Matrix Tool

Annual Report Design Templates

Annual Report Design Tips, Examples and Templates Annual Report Design Templates: Even those reports that will be focused on financial data have certain narrative explaining the numbers. For example the 10k report required by public organizations will be needed by … Continued

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Annual Report Design Templates

How to Evaluate Viability of a Product in your Marketplace

How to Evaluate the Viability of a New Product or Service in your Market Market viability of a product or service: Failure of service or product creates a very negative effect on a company. To avoid this particular result, managers … Continued

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How to Evaluate Viability of a Product in your Marketplace

Centralized vs Decentralized Manufacturing

Centralized vs Decentralized Manufacturing Centralized vs Decentralized Manufacturing – Comparison of Major Differences and Advantages: Organizations that decentralize manufacturing break up production processes in different places. This additionally shifts organizational structure of the business. Making decisions is usually distributed between … Continued

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Centralized vs Decentralized Manufacturing

Sunday, July 24, 2016

Key Performance Indicators Metrics

Key Performance Indicators and Performance Metrics in Business Key Performance Indicators Metrics and Business Strategic Goals and Targets: Key Performance Indicators, often called KPIs help managers as well as employees evaluate the performance associated with functions and operations necessary to … Continued

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Key Performance Indicators Metrics

Operations Plan in a Business Plan

Creating Operations Plan for a Business Plan Operations Plan in a Business Plan: The operations plan in a business plan is where you are going to handle the different operations that go into to managing the product to delivering it … Continued

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Operations Plan in a Business Plan

How to Prepare Dashboard in Excel

How to Set Up a Dashboard in Excel How to Prepare Dashboard in Excel: If you should take a step back and look 50-60 years in the past. It was a pretty tedious job to create and managing data records, … Continued

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How to Prepare Dashboard in Excel

How to Set KPI for Employees

How to Set Key Performance Indicators for Employees Management How to Set KPI for Employees: Leveraging the use of key performance indicators to help manage employees can be a useful strategy. It helps you to put certain important metrics in … Continued

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How to Set KPI for Employees

Types of Budget Used in Business

Common Types of Budget Used in Business Organizations The cash budget and operating budget quantify business goals and objectives and set up performance standards. An initial obligation of any manager would be to create financial goals and financial plans or … Continued

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Types of Budget Used in Business

Saturday, July 23, 2016

How to Avoid Risk in Project Management

Avoid Risk In Project Management and Maximize Project Performance Management Project management is a discipline which among other areas concentrates on management along with the performance of project planning. Industrial sectors like technology as well as business process outsourcing make … Continued

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How to Avoid Risk in Project Management

Marketing Goal and Objective Examples and Templates

Examples of Marketing Goals and Objectives Sales and Marketing Goal and Objective Examples and Templates: Marketing is an essential part of any business. It’s all about getting the product to the right customer at the right price. It also consist … Continued

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Marketing Goal and Objective Examples and Templates

Life Cycle Cost Analysis Spreadsheet Templates

Life Cycle Cost Analysis Life Cycle Cost Analysis Tools: When doing business, certain projects can be really expensive. It can also get more expensive as the project development phase continues. This in itself can cause a lot of problems at … Continued

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Life Cycle Cost Analysis Spreadsheet Templates

Production Plan and Control System Elements

Production plan and control: Elements of production planning and control Manufacturing and producing a product can get pretty costly. The different resources that’s needed such as IT infrastructure, equipment and human labor can really give you a hard time. That’s … Continued

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Production Plan and Control System Elements

Importance of Sales Budget in Business Planning

The Importance of Sales Budget in Business Planning     Sales budget: The very first and most fundamental element of the operating budget will be the sales budget, that provides the anticipated units and sales revenue predicted in the sales … Continued

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Importance of Sales Budget in Business Planning

Friday, July 22, 2016

Voices of experience on the CEO transition

The former CEOs of Aetna and Covidien reflect on their early days in the role.
Voices of experience on the CEO transition

Transforming enterprise risk management for value in the insurance industry

Leading insurers are retooling the role of their risk function from incident response and compliance to an essential partner in advancing the business strategy.
Transforming enterprise risk management for value in the insurance industry

People analytics reveals three things HR may be getting wrong

More sophisticated analyses of big data are helping companies identify, recruit, and reward the best personnel. The results can run counter to common wisdom.
People analytics reveals three things HR may be getting wrong

Example Bill of Materials Manufacturing

Bills of Materials Used in Manufacturing, Operations and Delivery Bill of materials is required in the manufacturing business of a product or service and will consist of raw materials, parts, ingredients, components and also the amounts of each one. Every … Continued

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Example Bill of Materials Manufacturing

Business Analysis Tools and Techniques

Example of Business Analysis Tools and Techniques Free Business Analysis Tools and Techniques: We all know how important business analysis can be for any corporation. It helps us to track and analyze our business’s day to day processes. It then … Continued

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Business Analysis Tools and Techniques

Business Model Generation Canvas Template

What is Business Model Generation Canvas? Business Model Generation Canvas: Gone are the days when we used to spend sleepless working for weeks to create a 50 page business plan to show to investors just to get funding.  Business plans … Continued

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Business Model Generation Canvas Template

Business Analysis Body of Knowledge

Quick Overview of the Business Analysis Body of Knowledge Business Analysis Body of Knowledge: As a professional business analyst or someone who is interested to learn business analysis. The business analysis body of knowledge (BABOK) can give you the necessary … Continued

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Business Analysis Body of Knowledge

Lean Manufacturing Quality Improvement Examples

Examples and Tools for Quality Improvement in Lean Manufacturing Processes and Organizations Quality Improvement Examples: Lean manufacturing is manufacturing concept which stresses the elimination of waste in any form. Costs which do not help the benefit of the product or … Continued

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Lean Manufacturing Quality Improvement Examples

The evolving role of credit portfolio management

Banks can no longer manage loan books in isolation. A new survey reveals how portfolio managers are dealing with growing complexity.
The evolving role of credit portfolio management

‘The ghost in the machine’: Managing technology risk

Technological risks are becoming more prominent—and more dangerous. Six principles can guide banks as they manage them.
‘The ghost in the machine’: Managing technology risk

The value in digitally transforming credit risk management

To withstand new regulatory pressures, investor expectations, and innovative competitors, banks need to reset their value focus and digitize their credit risk processes.
The value in digitally transforming credit risk management

What’s next for China’s booming fintech sector?

The fast and furious growth of the country’s Internet finance industry will inevitably slow. Companies need to begin positioning themselves for sustainable success.
What’s next for China’s booming fintech sector?

Thursday, July 21, 2016

Types of Manufacturing Costs

3 Major Types of Manufacturing Costs Direct Materials Costs Cost of raw materials utilized in the production process is actually one of the most typical production costs businesses measure. You need to always try to deal with suppliers to obtain … Continued

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Types of Manufacturing Costs

Cost Accounting for Service Businesses

Top Cost Accounting Practices Used in Profitable Service Companies   Within very competitive marketplace, service providers tend to be frequently trying to control their costs and also improve productivity. Even though cost accounting has been initially designed in the production … Continued

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Cost Accounting for Service Businesses

KPIs for Quality Assurance Examples

Key Performance Indicators for Quality Assurance and Quality Management Examples and Templates     KPIs for Quality Assurance Examples: Creating and delivering quality products to customers can be a tough job. Customers expect so much from us these days that … Continued

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KPIs for Quality Assurance Examples

The $105 Billion Enterprise Market for Pokémon Go

KPIs for Warehousing and Distribution

Key Performance Indicators for Warehousing and Distribution KPIs for Warehousing and Distribution: Properly managing products in your warehouse then distribute it to retailers or customers is critical. This can sometimes be a tedious and difficult process. Measuring the different processes … Continued

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KPIs for Warehousing and Distribution

How to Define your KPIs

How to Define your KPIs to Make Better Business Decisions     How to define your KPIs: As business managers measuring the efficiency of key operations and your different business performances can really be very important towards your success. Just … Continued

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How to Define your KPIs

Improving semiconductor R&D

Using data-driven insights speeds up delivery time, helps change mind-sets, and allows companies to tackle more complex projects.
Improving semiconductor R&D

Financial Metrics for Marketing Managers

Financial Metrics Important for Making Marketing Decisions The main aim of every business venture is to make profit. In most cases the efforts made in making a business successful are creation of perfect products, sales generation and good customer relations. … Continued

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Financial Metrics for Marketing Managers

ABC Inventory Management Techniques

ABC Inventory Management Tools and Techniques     ABC Inventory Management technique is also known as Selective Inventory Control. ABC Inventory Management is a categorization method that involve dividing items into three categories namely A, B, and C. A consists … Continued

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ABC Inventory Management Techniques

Wednesday, July 20, 2016

Financial Metrics Used in Project Management

Important Financial Metrics for Project Managers The main objective of any organization is to continue to improve profit margin. Continuous improvement process (CIP) also known as continuous improvement (CI) involves the process of product and service improvement. To determine whether … Continued

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Financial Metrics Used in Project Management

Process Performance Metrics, Examples and Measures

Measuring Process Performance: Overall Perspectives for Planning Process Metrics Tracking   Process, production, manufacturing, logistics, supply chain and operations managers are focused on their specific process factors like cost, level of quality, versatility as well as speed.While the specifics will … Continued

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Process Performance Metrics, Examples and Measures

How to Define Sales Goals for your Sales Funnel

How to Set Up Sales Goals for your Sales Pipeline Sales goals for sales funnel: Setting sales goals and objectives is really a crucial step to success. The sales funnel specifies steps in the sales process. Establishing desired goals in … Continued

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How to Define Sales Goals for your Sales Funnel

Root Cause Analysis Tools

Tools for Root Cause Analysis in Business Root Cause Analysis Tools: In business problems tend to happen on a day to day basis; that’s normal. As business managers you shouldn’t allow those daily problems to hugely impact your overall business … Continued

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Root Cause Analysis Tools

SREP: How Europe’s banks can adapt to the new risk-based supervisory playbook

The first round of Europe’s new supervisory process is in the books, and the next one is under way. Banks are likely to face new challenges from heightened supervisory expectations.
SREP: How Europe’s banks can adapt to the new risk-based supervisory playbook

How to reinvent the external-affairs function

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How Future Workspaces Will Improve Productivity and Creativity

As director of the MIT Senseable City Lab, MIT professor Carlo Ratti looks at the intersection of architecture, design, and possibility. His work helps imagine how spaces can be more efficient, more user-friendly, and more conducive to creativity. Using digital mapping from data users create during the course of their day — from sources such as Bluetooth signal tracking and aggregated looks at how and where WiFi is used — he and his team measure the ways that humans actually use space, with an eye on helping design respond accordingly.

In one project, for instance, Senseable City Lab tracked how visitors move through the Louvre museum in Paris — what galleries they visit, what paths they take, how long they spend in front of each piece of art. In another project, the team looked at traffic lights and traffic patterns, developing an idea for “slot-based intersections” where vehicles with special sensors could move through intersections by communicating with each other and remaining a safe distance apart, rather than stopping and waiting for the light to turn.

An architect and engineer, Ratti is also focused on how workspaces can best be designed to take advantage of the opportunities presented by mobile computing, the increased ubiquity of WiFi, and a growing desire for co-working.

On June 17, 2016, MIT Sloan Management Review hosted a webinar, made possible with sponsorship support from Xively, with Ratti. He talked about how digital technologies are transforming how we move, communicate, and work; how co-working requires a new kind of office design; and how real-time data analytics paired with the Internet of Things is enabling the creation of workplaces that respond dynamically. The webinar was moderated by Steven Paul, a contributing editor at MIT Sloan Management Review, and highlighted on Twitter at the hashtag #MITSMRevent. Among Ratti’s key points:

In the 1990s, people thought that as our digital world matured, our physical world would become less important.

“At the time, some people thought that cities themselves would not be needed anymore,” said Ratti. He quoted writer George Gilder, who ominously called cities “leftover baggage from the industrial era.” As it has turned out, Ratti said, “no prediction could be more wrong than this one.” Ratti said that in this century, China alone may “build more cities than all of humanity ever built.”

Instead, the physical world and the digital world have been combined.

Ratti called this “a new hybrid space” between the world of atoms and the world of bits. “The Internet is entering physical space, is becoming the Internet of Things, and as such, is changing the way we can collect information from our cities, from our buildings, from the environment we live in, and respond to that information,” he said. Cell phones have become an important bridge between the physical and the digital: Ratti noted that the number of cell phone connections have grown from nothing in the late 1970s to about 7 billion today, with the number estimated to grow to 50 billion by 2020. “The reason for that is not that we will all have 17 iPhones and iPads in our pockets,” Ratti said, but because connections will go beyond personal cell phone to personal cell phone and expand to person to machine and then machine to machine.

With these changes, the concept of public space and private space is changing, too.

In 1931, the Swiss-French architect Le Corbusier said that the four functions of the city were dwelling, work, recreation, and transportation, and that those functions should exist autonomously. “This is how many cities have been built in the past century,” Ratti noted. “But when you think about this, this is quite absurd. Because you’re building a neighborhood for, say, sleeping, that is used for only a few hours during the day, and it’s pretty empty the rest of the time.” Since the 1960s, mixed-use development has been a prevailing theme in city development, with neighborhoods “where you’ve got a little bit of everything.” Today, the digital revolution is changing the template even further, with the boundaries between private space, public space, and shared space blurring.

As an example, look at how people work on the MIT campus in a “flexible and free way.”

The Senseable City Lab has been running an experiment on the MIT campus using information about where WiFi is used. “MIT was one of the first campuses in the world to be totally covered by WiFi in the early 2000s,” said Ratti. Over the years, this has produced noticeable shifts in how and where people work. Before, people had to sit inside in computer labs to get much of their work done. Today, thanks to laptops and WiFi, people can get that same work done anywhere, from their dorms to the library to cafes to outside, in a park. Ratti’s experiment looked at where people are working based on maps of WiFi usage (which look like heat maps) at different times of the day. The maps showed the migration of people from dorms to campus classrooms based on where WiFi was being used. “By doing this, you could really see how every space works,” said Ratti. That included “all this kind of overlap of different activities on the same space.” Individual offices, he said, “can be one place in the morning, another place at lunch, another place in the afternoon.”

Co-spaces and the outdoors are emerging as important new office options.

In one shared office that Ratti has worked on in Guadalajara, Mexico, corridor spaces and outdoor spaces were given an “inherent flexibility in function,” he said. “We couldn’t do this five or ten years ago — we were chained to a desk. But today, we can use the outside as an extension to our offices, which is quite exciting. As humans, we have been outdoors for thousands and thousands of years, and now we can go back to some of that experience.” In another co-working space in Milan, Italy, which Ratti says is “the largest co-working space in Europe” and home to even the Chairman of Fiat Chrysler, Ratti is exploring how architecture itself can foster collaboration and creativity.

Objects, like furniture, can support a flexible way of working. Ratti showed a video of Lift Bit, “the world’s first digitally transformable sofa,” where a honeycomb mass of pods the size of stools move up and down, controlled by a computer, to transform the furniture into a chair, or couch, or even a bed. (Lift Bit is a project of Ratti’s design firm Carlo Ratti Associati.)

A “Local Warming” project will help buildings become more responsive in the ways that they use energy.

Ratti looked at the MIT campus and where the energy is expended for a recent paper. The results were sobering. “There’s no correlation whatsoever between where people are and where the energy goes,” he said. A research project by the Senseable City Lab is investigating a concept it calls Local Warming to dynamically control highly localized heating. “Don’t continue heating or cooling empty spaces, wasting energy on empty spaces,” said Ratti. “Just focus on where people are.” The experiment followed people as they stepped on an entry carpet at MIT, putting a “bubble of heat” around them as they moved down the halls. “Some people freaked out,” Ratti admitted. “But overall people loved it. They had their own bubbles, and they could control the temperature based on their own settings and preferences.”

The work space of the future will dynamically flex to serve different needs.

Open work environments can be a burden on introverted people or those who want or need more quiet. Ratti sees future spaces as being more flexible and dynamic to accommodate a wide variety needs. “If you look at the most exciting co-working spaces today, they show these different kinds of relational spaces,” he said. Offices of the future will be able to be open or closed, and modified throughout the day to allow private space at one time and then open space for creative collaboration at another. These offices will be neither cubicle farms nor totally open layout. Instead, they’ll be transformable offices to suits whatever people need at a given time.


How Future Workspaces Will Improve Productivity and Creativity

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