The 8 Wastes of Lean, which stem from Lean manufacturing principles, are aimed at identifying and eliminating inefficiencies in processes. The wastes identified by Taiichi Ohno have become fundamental to Lean thinking in various sectors beyond manufacturing, serving as the cornerstone of process improvement initiatives. Main Benefits of Defining The 8 Wastes of Lean...
Doblin’s 10 Types of Innovation framework empowers organizations to systematically analyze and improve their innovation endeavors across various domains. Developed by Larry Keeley and his team at Doblin, the model aims to foster growth, differentiation, and competitive advantage in the market. Main Benefits of Doblin’s 10 Types of Innovation Model Doblin’s 10 Types of...
The SCAMPER Technique is a creative thinking method designed to stimulate innovative thinking and problem-solving, particularly beneficial for businesses seeking to adapt, grow, and stay competitive in their industries. The SCAMPER technique was developed by Alex Faickney Osborn, an advertising executive and the author of the creativity technique named brainstorming, in 1953. Main Benefits of The SCAMPER...
The AAA Global Strategy is a business strategy that offers a structured approach to international expansion and value creation. The model was developed by Pankaj Ghemawat, a global strategist and professor at New York University. It includes three key approaches to global value creation: Adaptation, Aggregation, and Arbitrage. Main Benefits of The “AAA” Global...
Capability Maturity Model Integration (CMMI) is a structured framework designed to improve and optimize processes within an organization. It is a set of best practices that helps organizations enhance their capabilities in various areas, ultimately leading to enhanced product and service quality. Main Benefits of The Capability Maturity Model Integration CMMI is used to...
This model, in the broadest terms, is a strategy tool that aids businesses in terms of recognizing their strategic growth prospects. It was created by partners at McKinsey & Company and described in the 2000 book called “The Alchemy of Growth: Practical Insights for Building the Enduring Enterprise.” Main Benefits of Mckinsey’s Seven Degrees of...
The Three Horizons approach was developed by Steve Coley, a McKinsey Director Emeritus, to guide businesses to sustain their current performance while considering future opportunities and innovations for growth. Main Benefits of McKinsey’s Three Horizons of Growth McKinsey’s Three Horizons of Growth model helps you: Ensure sustainable growth Maintain a balance between your current business...
The CAGE Distance Framework -denoting cultural, administrative, geographic, and economic differences among countries- is a tool that helps businesses adjust their strategies to new markets/locations. Main Benefits of the CAGE Distance Framework Making it possible to examine the practical aspects of entering a new market, CAGE Distance Framework helps you: Determine which elements* of...
The Definition of The Ansoff Matrix The Ansoff Matrix which is also called the Product/Market Expansion Grid is a tool employed by businesses to examine, prepare, and plot their growth strategies. The matrix demonstrates four strategies that can be applied to help a firm grow. Furthermore, It analyzes the risk correlated with each strategy. What...
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