Problems
Problems are just opportunities to improve.
tip
Be your own worst enemy, that way you can't be surprised
Ritual and Culture
Cultivate a culture of integrity and honesty to address the pain and not shoot the messenger that points out that systems are not working.
The difficulty is that bad news is taken as pessimism, but conversely pessimism has widely become falsely misinterpreted as intelligence. So need to create a dedicated ritual in time and space where everyone must speak their truth on the problems they see and why they are occuring.
tip
Create rituals that help get into the right head space to own problems objectively without taking them personally
Leaders need to show the way by being brutally honest with indentifying their own failures in critical reflection.
danger
Negativity and pessimism has widely become falsely misinterpreted as intelligence.
Once you commit to action don't dwell on the negative. What will be will be, move forward with optimism and have fun tackling the problem.
tip
Choose to be optimistic
Investigation Techniques
Establish frameworks to define problem types and evolve skills to address them more effectively. Follow the flow upstream to check for the origin of the pain.
tip
Better an open wound than silent cancer, a problem well defined is on the path to being solved.
- Simple: The impact of cause and effect are well-defined. Simple data analysis to monitor and easily understood workflows to prevent or fix problems without much experience. Best practice exists
- Complicated: Need domain expertise/experience to understand the problem and how to fix with decision tree in the workflow map. Best practice analysis
- Complex: Requires analysis and reflection, ad-hoc problem solving with workflows to help solve the problem. Resolution is not a predictor of the future. Experts don't exist Experimentation and outcomes prove what works.
- Chaotic: Difficult to understand the relation between cause and effect. No obvious pattern to follow. Financial markets, highly dynamic and personal, results reflect changes in time and complex data structures.
tip
Solutions are much more likely to arrive in the shower than at a brainstorming meeting
Kaizen sources of Waste
Don't be lazy
Follow the flow upstream to solve the problem at source
- Defects: Scrap or products that require rework.
- Excess processing: Products that must be repaired to satisfy customers needs.
- Overproduction: When there are more parts in production than customers are purchasing. This type of waste spells big trouble for an organization.
- Waiting: A person or process inaction on the manufacturing line.
- Inventory: A valuable product or material that is waiting for processing or to be sold.
- Transportation: Moving a product or material and the costs generated by this process.
- Moving: Excessive movement of people or machines. It is more common to talk about people movement, as this leads to wasted effort and time.
- Non-utilized talent: When the management team fails to ensure that all the potential and experience of its people are being used. This is the worst of the eight wastes.
Problems
📄️ Competition
Competition tends to fuel self-centred short-terminism.
📄️ Standardisation
The more processes can be standardised globally the more they can be collectively analysed and improved to create improve decision making and execution.
📄️ Loneliness
Loneliness is a killer.
Resources
📄️ Middle Management
HR rewards headcount over ability and performance.
📄️ Overpopulation
The economic ponzi-scheme of passing debt onto the next generation with an ever expanding population won't work.
📄️ Continous Learning
Impact of transformation tech is making certain skills redundant.
📄️ Supply Chain
International trade relies on moving containers, but the global demand for physical goods is dramatically outpacing infrastructure.
📄️ Tech Shortage
Tech has a wide surface area of skills to learn with many competing voices on the critical path to gain valuable skills. Web3 is adding to this confusion and demand but a lack of good (validated) education resources exist.
📄️ Transaction Trust
Most businesses today lose money due to: