There are many ways to build a competitive advantage, but using Lean will get to the core of your business and its ability to generate cash efficiently. Lean thinking is not a set of tools, a set of procedures to follow, or a series of logical steps. Lean is a thought process, a culture, and belief system. So the most important thing is how to change the thinking in your organization so that lean happens. This article is about how to create a lean competitive advantage.
The emergence of accessible Internet, the development of social media and increased competition today forces companies of different sizes and status, as well as media people, to resort to rather radical ways of fighting for an audience. We are talking about black public relations (PR) and the introduction of deliberately false news (fake news) into the information field. Does fake news lead to short-term benefits or long-term losses?
Information defines your business, representing not only your organization’s past experience, but also its future potential. Your usage of technology to manage your information could be a source of strategic advantage. But information is not enough. You need knowledge and wisdom to build an organization. Continue reading Use Knowledge and Wisdom from Information as a Strategic Advantage
In order to gain an advantage you need a competitive supply chain. Focusing too much on your own company leads to sub-optimization, which can hurt your teammates on your supply chain team and reduce your competitive advantages in the market. Continue reading How to Gain Competitive Advantage with Supply Chains